In Davos this past week at the World Economic Forum, a global coalition called CEPI was to help fight outbreaks of diseases around the planet. In the announcement, Bill Gates former founder of Microsoft, calls for a new system for catalyzing activity to develop vaccines against epidemic threats.
Microsoft founder Bill Gates announced he has launched The Coalition for Epidemic Preparedness Innovations (CEPI) through the Bill and Melinda Gates Foundation.
So far, CEPI has an initial investment of $460 million from private, public and philanthropic organizations. But others are willing to help. Norway plans to invest around $120 million in the initial 5 years, Japan will invest $25 million a year for a total of $125 million, and Germany will initially commit $10.6 million.
CEPI is backed by major pharmaceutical corporations, the World Health Organization and Médecins Sans Frontières / Doctors Without Borders, as well as philanthropies and leading academic vaccine research groups.
Source: CEPI
