Gates Foundation, Wellcome, Mastercard launch $125M COVID-19 Therapeutics Accelerator
By Taylor Soper
The Bill & Melinda Gates Foundation is teaming up with Wellcome and Mastercard to form the COVID-19 Therapeutics Accelerator, a $125 million effort to help find potential treatments for the coronavirus epidemic and future threats.
The accelerator will bring together the World Health Organization, pharmaceutical companies, biotech firms, government, and other philanthropic groups to develop therapies for COVID-19.
There are currently no vaccines to prevent the deadly disease that has killed more than 4,000 people and infected more than 113,000 worldwide. Researchers say it will take at least a year to develop a vaccine for COVID-19.
Photo courtesy of Keoni Cabral.