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Bill Gates to Spend Billions on Coronavirus Vaccine Development
USAgNet - 04/07/2020

Microsoft founder and philanthropic billionaire Bill Gates is spending billions of dollars on seven possible vaccines for the Coronavirus and the disease it causes, COVID-19, in hopes of finding an end to the pandemic.

Through his philanthropic organization, the Bill & Melinda Gates Foundation, Gates revealed that he was funding several efforts in partnership with other companies and countries to "save months, because every month counts."

"Our early money can accelerate things," Gates told The Daily Show with Trevor Noah. "Of all the vaccine constructs, the seven most promising of those, even though we'll end up picking at most two of them, we're going to fund factories for all seven, and just so that we don't waste time in serially saying, 'Okay, which vaccine works?' And then building the factory."

Gates added that spending a few billion dollars during "the situation we're in, where there's trillions of dollars -- that's a thousand times more -- trillions of dollars being lost economically, it is worth it."

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