04.06.2020, 16:54
Japan Will Increase Funding for the Development of a Vaccine against Coronavirus to $ 300 Million
Source: OREANDA-NEWS
OREANDA-NEWS. The Japanese government will increase the amount allocated for the development of a new coronavirus vaccine to $ 300 million. This was announced on Thursday by Japanese Prime Minister Shinzo Abe in his speech at the third Global Vaccine Summit, which the UK is hosting in a video conference.
“Last month, we promised to allocate $ 100 million to the Global Alliance for Vaccines and Immunization (GAVI) to fight COVID-19. We hope that GAVI will be able to consider using Japanese vaccines, manufacturing facilities and technology to defeat the virus. In this regard, we will additionally allocate another $ 200 million and bring the total to $ 300 million", he said.
Abe previously stated that he would like to propose to the G-7 partners to create an international patent management body for potential coronavirus vaccines. The main goal of this initiative is to ensure stable supplies to developing countries.
“Last month, we promised to allocate $ 100 million to the Global Alliance for Vaccines and Immunization (GAVI) to fight COVID-19. We hope that GAVI will be able to consider using Japanese vaccines, manufacturing facilities and technology to defeat the virus. In this regard, we will additionally allocate another $ 200 million and bring the total to $ 300 million", he said.
Abe previously stated that he would like to propose to the G-7 partners to create an international patent management body for potential coronavirus vaccines. The main goal of this initiative is to ensure stable supplies to developing countries.
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