Prognosis
Vaccine Group Hits $2 Billion 2020 Goal for Low, Middle Income Nations
- Rich world pledges money for Covid vaccines in poorer nations
- $360 million comes from EU, France, Spain, South Korea, Gates
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A program that aims to supply low- and middle-income countries with Covid-19 vaccines said it has raised more than $2 billion, though it needs another $5 billion for next year.
The vaccine initiative hit its 2020 funding target the same week Pfizer Inc. and BioNTech SE announced positive late-stage trial results showing their shot protects most people from the illness. The European Union, France, Spain, South Korea and the Bill and Melinda Gates Foundation pledged a combined $360 million, according to Gavi, the Vaccine Alliance, the group leading the effort.