Bill Gates raises hope of discovering a COVID-19 vaccine by funding 7 factories, even though that means potentially wasting billions of dollars.
Because of COVID-19's deadly impact, there is no surprise that a huge amount of money is being invested to find a potential vaccine.
Several countries are spending trillions of dollars as a part of their efforts if not less. In this midst, Bill Gates also hopes to utilize his foundations to potentially find a vaccine for COVID-19.
- Coronavirus has Devastated the World.
- The United States Suffers the worst Impact of Coronavirus.
- Bill Gates Spends Billions of Dollars on Potential Coronavirus Vaccine.
COVID-19 Impact around the World
With over 2 million worldwide cases and over 152,000 deaths, the novel coronavirus has had a devastating impact on all spheres of life. Several countries have imposed strict lockdowns to control the spread of the virus, which is known to multiply quickly.
COVID-19 Impact in the United States
Among all the countries in the world, the United States by far has suffered the worst of the pandemic.
The United States has over 710,000 cases which are more than thrice the number of cases in Spain. Moreover, the U.S. has also suffered more than 37,000 casualties with over 4,000 in one day alone.
Bill Gates Hopes to Discover COVID-19 Vaccine
Therefore, American Billionaire Bill Gates is spending billions of dollars to fund 7 new factories for potentially discovering COVID-19 vaccines. Because of his foundations' expertise in infectious diseases, Gates hopes that they will perform a better job in a vaccine effort than governments.
However, since he would only pick two of the seven candidates, it does mean that several billions of dollars would be wasted. Despite that, Bill Gates suggests that the benefits yet outweigh the costs. He believes it is essential to discover a COVID-19 vaccine in the quickest way possible.
The threat of coronavirus is evident considering worldwide governments are spending trillions of dollars to discover a vaccine. Therefore, hopefully, if more philanthropists like Bill Gates join the efforts to discover a vaccine, the cure will not be too far away.