Mastercard, Gates Foundation and Wellcome team up on Coronavirus treatment
I am happy to share with you some promising news on the Coronavirus front. BCW Member Mastercard has stepped up to show incredible leadership this week with the announcement that it is partnering with the Bill and Melinda Gates Foundation and Wellcome to fund future treatments.
The partnership has pledged a total of up to $125 million in seed funding to speed-up the response to the COVID-19 virus. Currently, there are no broad-spectrum antivirals or immunotherapies for use on COVID-19.
The COVID-19 Therapeutics Accelerator will speed the process of evaluating new and repurposed treatments for COVID-19 in the immediate term, as well as other viral pathogens in the longer-term.
The Mastercard Impact Fund committed up to $25 million to catalyze the initial work of the Accelerator, which will work with the World Health Organization, government and private sector funders and organizations, as well as global regulatory and policy-setting institutions. This will allow sharing of research, coordinating investments, and pooling resources from the drug development stage through manufacturing and scale-up.
It is inspiring to witness the helpers of this world, including our friends and neighbors here in Westchester, stepping up to help in this crisis. Thank you Mastercard!
We will continue to be here for you, providing you with the latest information as we all work together to get through this.
Stay safe and be well,
Marsha Gordon
BCW President & CEO
Similar News Items
What does it take to lead with purpose, grace, and energy — for decades — without burning out? In this inspiring conversation, BCW Member and host Wendy Wollner sits down with Dr. Marsha Gordon, President and CEO of The Business Council of Westchester. A trailblazing leader who transformed a struggling local chamber into one of […]
A new collaboration between the Business Council of Westchester (BCW) and Iona University is deploying the innovative power of design thinking to address two community challenges in the Town of Greenburgh. Iona business students will lead the latest City Labs project—a key component of the BCW’s Westchester Innovation Network (WIN). The students will focus on […]
In what was the Business Event of the Year in Westchester County, The Business Council of Westchester (BCW) held its Annual Dinner on October 27 at the VIP Country Club in New Rochelle, celebrating the region’s healthcare excellence with the theme, “Honoring the Legacy of Healthcare in the Hudson Valley.” More than 500 attendees were […]
Become A Member
Join the county’s largest and most influential business organization today.
JOIN NOW!
Leave a Comment
You must be logged in to post a comment.