$125 million fund will help industry fight COVID-19

11 March 2020

British research charity Wellcome and The Bill and Melinda Gates Foundation are each to contribute $50 million to a new fund to fight COVID-19.

With an additional $25 million donation from the Mastercard Impact Fund, a new COVID-19 Therapeutics Accelerator will be established to coordinate research efforts and remove obstacles to drug development.

The project will seek to accelerate the development of both new and repurposed drugs and biologics for immediate treatment of people infected with the coronavirus.

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