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Bill & Melinda Gates Foundation pledges $125 million for COVID-19 vaccine, therapy

The foundation has now committed more than $300 million to the global COVID-19 response.

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Abrar Al-Heeti Video producer / CNET
Abrar Al-Heeti is a video host and producer for CNET, with an interest in internet trends, entertainment, pop culture and digital accessibility. Before joining the video team, she was a writer for CNET's culture team. She graduated with bachelor's and master's degrees in journalism from the University of Illinois at Urbana-Champaign. Though Illinois is home, she now loves San Francisco -- steep inclines and all.
Expertise Abrar has spent her career at CNET breaking down the latest trends on TikTok, Twitter and Instagram, while also reporting on diversity and inclusion initiatives in Hollywood and Silicon Valley. Credentials
  • Named a Tech Media Trailblazer by the Consumer Technology Association in 2019, a winner of SPJ NorCal's Excellence in Journalism Awards in 2022 and has twice been a finalist in the LA Press Club's National Arts & Entertainment Journalism Awards.
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Abrar Al-Heeti
Bill and Melinda Gates

The Bill & Melinda Gates Foundation has pledged more money to the global COVID-19 response. 

 Getty Images
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO and CDC websites.

The Bill & Melinda Gates Foundation on Monday said it's committing $125 million toward the international effort to develop and distribute COVID-19 diagnostics, therapies and vaccines. The pledge includes $50 million in new funding for Gavi, the Vaccine Alliance and $75 million of earlier announced funding for diagnostics and therapeutics. 

"In order to beat COVID-19, the world needs more than great science," Melinda Gates said in a statement. "It needs great humanity, the commitment to help people beat this virus no matter where they live. This effort will help us do that. With the collective resources and brainpower pledged today, we'll finally be able to attack this virus in the way it is attacking us -- globally."

Monday's announcement was made at the Coronavirus Global Response Summit, which includes efforts from governments, philanthropies and the private sector to tackle COVID-19. Several donors also made pledges to Gavi to help protect poor children around the world from vaccine-preventable diseases. 

The Bill & Melinda Gates Foundation has now pledged more than $300 million to the global COVID-19 response. 

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Watch this: Vaccines, antibody tests, treatments: The science of ending the pandemic
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