Bill Gates says the novel coronavirus is a 'once-in-a-century pathogen.' The Gates Foundation just joined Wellcome and Mastercard in committing $125 million to find new treatments for it.
The Gates Foundation said Tuesday it's committing $50 million to the COVID-19 Therapeutics Accelerator, as is Wellcome. Mastercard's Impact Fund is committing the remaining $25 million, according to a statement.
It'll be used as seed funding "to speed-up the response to the COVID-19 epidemic by identifying, assessing, developing, and scaling-up treatments," the organizations said in aThe Gates Foundation said the $50 million is part of theAround the world, nearly 116,000 people have been infected with the novel coronavirus, and there have been 4,000 deaths.
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