The Chan Zuckerberg Initiative, a philanthropic initiative launched by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan in 2015, stated on Friday that it is contributing $25 million to Bill Gates ‘accelerator for developing treatments and medications to combat COVID-19.
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The contribution from Mark Zuckerberg and his wife comes from the launch of the Bill & Melinda Gates Foundation of the COVID-19 Therapeutics Accelerator earlier in March. Mastercard and Wellcome Charity Fund are both collaborating with Bill & Melinda Gates as part of the program, which launched with $125 million in seed funding at its launch.
The project aims to develop affordable treatments for COVID-19 that can be delivered at scale. The accelerator will evaluate new and re-use current medications for the treatment of COVID-19 patients and aims to use its work to combat other viral pathogens in the long term as well. The COVID-19 Therapeutics Accelerator will already be working on the initiative with the World Health Organization.
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Evaluating current medications is especially important because, because they have already completed clinical safety trials, it will be much easier to make them available on a scale than creating a new vaccine, Mark Zuckerberg wrote in a Facebook post on Friday.
The announcement is one of the steps that Silicon Valley tech giants are doing to help fight the outbreak of coronavirus, which has killed nearly 25.000 people around the world and affected more than half a million. Amazon and Microsoft also pledged a $2.5 million relief fund to distribute resources to organizations associated with communities impacted by the Seattle Coronavirus epidemic. Facebook has announced a $100 million campaign to support small businesses affected by the pandemic, and Apple said it would donate 10 million face masks for relief efforts in the United States.