Gates Foundation Teams Up With Vaccine Maker to Produce $3 Covid-19 Shots (wsj.com)
As U.S. and other governments sign deals for vaccine supplies, Gates, Gavi and Serum Institute of India pledge cheap shots for developing world
The Bill & Melinda Gates Foundation said it is backing the world’s largest vaccine maker, Serum Institute of India, to churn out 100 million doses of coronavirus vaccine for poorer countries and price them at less than $3.
The move comes as governments around the world, including the U.S. and U.K., strike vaccine production deals with the manufacturers of a handful of promising, late-stage vaccine development projects.
The Gates Foundation as well as Gavi, the Vaccine Alliance—an organization which helps negotiate and finance vaccines for poor countries—said they would back privately held Serum Institute, or SII, to speed up the manufacturing of Covid-19 vaccine doses for the developing countries once any are proven effective. SII is one of several contracted manufacturers already tapped by AstraZeneca AZN -1.42% PLC to make a vaccine in development at the University of Oxford.