Over $30bn Needed To Develop COVID-19 Tests, Treatments, Vaccines – WHO
File: A TV grab taken from a video released by the World Health Organization shows WHO Chief Tedros Adhanom Ghebreyesus attending a virtual news briefing on COVID-19 from the WHO headquarters in Geneva on April 6, 2020. AFPThe World Health Organization said Friday that a global initiative to speed up the development and production of COVID-19 tests, vaccines and treatments will require more than $30 billion over the next year.
The announcement came ahead of a major pledging event in Brussels in support of the ACT accelerator, set to take place on Saturday. “It’s clear that to bring COVID-19 under control, and to save lives, we need effective vaccines, diagnostics and therapeutics, in unprecedented quantities and at unprecedented speed,” WHO chief Tedros Adhanom Ghebreyesus told the briefing.“Vaccines, diagnostics and therapeutics are vital tools,” he said.
There are currently around 220 vaccine candidates, with 15 in clinical trials, and experts are hoping a handful of them will prove successful. To address this obstacle, COVAX is aimed at pooling financial and scientific resources, making it possible to hedge the risk of backing an unsuccessful candidate, and ensuring that lower-income countries receive equal access to successful vaccines.
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