Gates, Wellcome pledge $150 mln each to pandemic preparedness group – Reuters
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CHICAGO, Jan 18 (Reuters) – Global health charities the Bill & Melinda Gates Foundation and Wellcome Trust each pledged $150 million to the Coalition for Epidemic Preparedness Innovations (CEPI) to fund its COVID-19 pandemic response and help put it on better footing for future major health crises.
The pledges, announced on Tuesday, come ahead of a March 8 fundraising event sponsored by the UK government that aims to raise $3.5 billion on behalf of CEPI, an international coalition set up five years ago to prepare for future disease threats.
CEPI’s five-year strategy aims in part to compress vaccine development timelines to 100 days, around a third of the time it took the world to develop the first COVID-19 vaccines.
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