Gates Foundation Donates $4.9m to SK Chemicals’ Vaccine Project
Monday, December 22, 2014
SK Chemicals Co., a petrochemical unit of South Korea’s third-largest conglomerate SK Group, said Sunday it has received a donation of US$4.9 million from the Bill & Melinda Gates Foundation for its project to develop a vaccine for typhoid fever.
The company said the fund will be used on joint clinical testing of the vaccine through September 2017 with the International Vaccine Institute (IVI), an international organization set up in 1997 by the United Nations Development Program devoted to fighting diseases.
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