25.2 C
Accra
Sunday, August 3, 2025
WorldCoronavirus: World must 'pull together' to find and fund vaccine

Date:

Coronavirus: World must ‘pull together’ to find and fund vaccine

The European Commission has launched a global effort to fund research on a vaccine and other tools to combat the coronavirus.

It is hosting a virtual conference for world leaders and philanthropists in a bid to raise €7.5bn (£6.6bn; $8.3bn).

European leaders have pledged support for the fundraising plan in a joint open letter.

The Brussels-led initiative was set out by European Commission President Ursula von der Leyen on Friday.

The European Commission has pledged $1bn to fund research on a vaccine. Norway has matched the European Commission’s contribution, and France has pledged €500m, as have Saudi Arabia and Germany. The US, China and Russia are not taking part.

In her opening remarks at the summit, Ms von der Leyen said everyone must chip in to finance “a truly global endeavour”.

“I believe 4 May will mark a turning point in our fight against coronavirus because today the world is coming together,” she said.

“The partners are many, the goal is one: to defeat this virus.”

UK Prime Minister Boris Johnson, another co-host of the conference, said the “more we pull together” in sharing expertise, “the faster our scientists will succeed” in developing a vaccine.

Mr Johnson, who spent three nights in intensive care with Covid-19, was to confirm the UK’s pledge of £388m for vaccine research, testing and treatment during the conference.

Along with the European Commission, the conference is being co-hosted by the UK, Canada, France, Germany, Italy, Japan, Norway and Saudi Arabia.

Italian Prime Minister Giuseppe Conte, French President Emmanuel Macron and German Chancellor Angela Merkel are also among those who have signed up to the initiative.

In the open letter published in weekend newspapers, the leaders said the funds raised would “kickstart an unprecedented global co-operation between scientists and regulators, industry and governments, international organisations, foundations and healthcare professionals”.

“If we can develop a vaccine that is produced by the world, for the whole world, this will be a unique global public good of the 21st Century,” they added.

At the same time, the signatories gave their backing to the World Health Organization in the face of US criticism of its handling of the outbreak.

The UN says a return to normal life will only be possible with a vaccine.

Dozens of research projects trying to find a vaccine are currently under way across the world.

Even with more financial commitment, it will take time to know which ones might work and how well.

Most experts think it could take until mid-2021, about 12-18 months after the new virus first emerged, for a vaccine to become available.

Source: bbc.com

[forminator_poll id="710479"]

Latest stories

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Veteran dancehall musician, Samini has warned netizens to resist...

Kanye West’s Heil Hitler song bans him from entering Australia

US rapper Kanye West has been banned from entering...

Agradaa describes moment shared with President Mahama heavenly – Agradaa

Evangelist Patricia Asiedua, popularly known as Agradaa, shared a...

Dada Joe Remix extradited to face romance scam charges in USA

Ghana’s nightlife mogul and alleged crypto kingpin, Nana Kojo...

Govt launches 24-Hour Economy policy today

The government's flagship, 24-Hour Economy Policy, will be launched...

GRA sets July 16 for GHS1 fuel levy implementation

The implementation of the new GHS1 Energy Sector Shortfall...

Related stories

US travel ban against Togo, Libya, others takes effect today

Effective today, Monday, June 9, nationals of twelve countries...

Pakistan: Police in search of over 200 inmates following earth tremor

Over 200 inmates are currently on the run after...

Pope Leo XIV shares canonical acceptance

Cardinal Robert Francis Prevost has officially accepted his election...

Profile of the new Pope – Cardinal Robert Francis Prevost

"Peace be with all of you!" - the first...

Cardinal Robert Francis Prevost named as the 267th Pope, takes the name Pope Leo XIV

Cardinal Robert Francis Prevost has been elected as the...

Black smoke signals end of first day of conclave to elect new pope

A thick column of black smoke rising from the...

Siemens exec and his family involved in fatal Hudson helicopter crash

Tragedy struck New York City on Thursday when a...