Global fund for vaccine, drug development raises $10 billion

HealthGlobal fund for vaccine, drug development raises $10 billion

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Global fund for vaccine, drug development raises $10 billion

A global fund established to support and accelerate the development of a coronavirus vaccine and effective treatments has raised about $10.4 billion, President of the European Commission Ursula von der Leyen said.

“Great result, reaching 1st milestone of GlobalResponse pledging marathon led by EU Commission,” Ursula von der Leyen said on Twitter.

The pledging campaign, which the United States shunned, raised $8bn from global leaders and other institutions on May 4, when it was launched.

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