Skip to main content

Over $30bn needed to develop COVID-19 tests, treatments, vaccines ― WHO Read more at: https://www.vanguardngr.com/2020/06/over-30bn-needed-to-develop-covid-19-tests-treatments-vaccines-%e2%80%95-who/



The World Health Organisation (WHO) said Friday that a global initiative to speed up the development and production of COVID-19 tests, vaccines and treatments will require more than $30 billion over the next year. Providing details of the so-called ACT accelerator, launched in April and aimed at pooling international resources to conquer the pandemic, WHO said “the costed plans presented today call for $31.3 billion in funding.” So far, $3.4 billion of that had been pledged, it said, pointing out that an additional $27.9 billion was needed over the next 12 months, including nearly $14 billion to cover immediate needs. The announcement came ahead of a major pledging event in Brussels in support of the ACT accelerator, set to take place on Saturday. “This is an investment worth making,” Ngozi Okonjo-Iweala, a special envoy for the ACT accelerator, told a virtual briefing. “If we don’t rally now, the human costs and the economic pain will deepen,” she said. “Though these numbers sound big, they are not when we think of the alternative. If we spend billions now, we will be able to avoid spending trillions later. “The time to act is now, and the way to act is together.” ALSO READ: COVID-19: WHO approves use of dexamethasone for critically-ill patients Okonjo-Iweala’s comments came as the world counts nearly 490,000 deaths from COVID-19 and over 9.6 million cases since the new coronavirus emerged in China late last year, according to an AFP tally from official sources. The funds requested should make it possible to deliver 500 million tests and 245 million courses of treatment to low and middle-income countries by mid-2021. They also aim to deliver two billion vaccine doses by the end of next year, of which half will go to low and middle-income nations. “It’s clear that to bring COVID-19 under control, and to save lives, we need effective vaccines, diagnostics, and therapeutics, in unprecedented quantities and at unprecedented speed,” WHO chief Tedros Adhanom Ghebreyesus told the briefing. Separate teams are racing to roll out reliable tests, find safe and effective vaccines and treatments for the novel coronavirus, and prepare for large-scale manufacturing. Tedros meanwhile stressed that a core principle of the initiative is to ensure equal access for all. “Vaccines, diagnostics, and therapeutics are vital tools,” he said. “But to be truly effective they must be administered with another essential ingredient, which is solidarity.” [AFP] Vanguard News Nigeria. Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare Related Contributions to UN COVID-19 plans hit $1bn — Deputy Chief April 27, 2020 UK prime minister set to host global vaccine summit 4 June June 2, 2020 COVID-19: Bill & Milinda Gates expands commitment to response with additional $150m April 18, 2020 All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS. Download Vanguard News App.   Technical Feedback: whatsapp 08023469027   READ our Privacy-policy and cookie policy. READ ALSO: Secret relationship is a fraud - Mandy Ujunwa Vanguard PROMOTED Ajimobi, a detribalised leader, pillar of national development ― Ganduje Veteran Nollywood actress, Bose ‘Madam Tinubu’ Adewoyin, is dead Ready to make money? Register and see how much you can make now! ProfitExperts Edo 2020: Why I stepped down from PDP guber race — Imansuagbon Earn $9342 Per Month With Amazon Shares, $200 Minimum Investment, Get A Call Today! Invest Stocks A genius from Nigeria found a way to eliminate bad breath forever! Read! Detox Bill Gates: "This Will Change The Way People Earn Money In Nigeria" ProfitExperts RASHEED SOBOWALE View all posts by Rasheed Sobowale → PREVIOUS POST Ajimobi, most prolific politician in Nigeria — Ajanaku NEXT POST US rapper Huey killed in double shooting Disclaimer Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.

Read more at: https://www.vanguardngr.com/2020/06/over-30bn-needed-to-develop-covid-19-tests-treatments-vaccines-%e2%80%95-who/

Comments

Post a Comment

Popular posts from this blog

Offa bank robbery suspect narrates how police killed his colleagues ON JULY 10

Offa bank robbery suspect narrates how police killed his colleagues ON JULY 10, 20203:25 PMIN NEWS Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare Robbery By Demola Akinyemi – Ilorin One of the suspects on April 5, 2018, Offa bank robbery, Azeez Salawu, yesterday told the court in Ilorin, Kwara state, how six suspects were killed in his presence by the policemen in Abuja. Azeez gave graphic details of how he was being tortured in “Generator house” at police headquarters in Abuja with tyre hung on his neck and his two hands tied to the back, and his body was hung within two main planks amid heavy beating before they shot dead six persons in his presence. All the accused; Ayoade Akinnibosun, Ibikunle Ogunleye, Adeola Abraham, Salahudeen Azeez, and Niyi Ogundiran were present in court yesterday. Salawu who denied the statement credited to him said that the policemen interrogating him did that purposely to coerce him to admit his alleged participation in the bank robbery...
Post a Comment
Read more

Police arrest Ghanaian for assaulting, injuring lover ON JULY 16

Police arrest Ghanaian for assaulting, injuring lover ON JULY 16, 202010:56 AMIN NEWS Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare The Police in Enugu State say they arrested a 28-year-old Ghanaian, Emmanuel Opoku, for allegedly bathing his lover, Chiamaka Ngwu, 25, with hot water. The Command’s Public Relations Officer, ASP Daniel Ndukwe, said in a statement on Thursday in Enugu. Ndukwe said that the suspect was arrested on July 10 at about 2.00 p.m. following a petition from the Women Aid Collective (WACOL). He said that the suspect, who resides in Akuke-Awkunanaw in Enugu metropolis, allegedly violently attacked Ngwu, mother of his three children, with hot water. READ ALSO:Delta got N30.5 billion as IGR in six months — Aniagwu  “The arrest is sequel to a petition received at Enugu Area Command Headquarters from WACOL WACOL alleged that the suspect committed the offence on June 23 at about 8.00 p.m. following a misunderstanding with the victim. “On receipt o...
Post a Comment
Read more

Champions League final eight draw throws up possible Barcelona-Bayern clash Read more at: https://www.vanguardngr.com/2020/07/champions-league-final-eight-draw-throws-up-possible-barcelona-bayern-clash/

Barcelona and Bayern Munich will meet in the quarter-finals of the UEFA Champions League should both sides make it through, Friday’s draw for the final eight confirmed. READ ALSO: Premier League admits VAR blunders Both teams still need to complete their last-16 ties, with Bayern 3-0 up against Chelsea after the first leg and Barcelona having drawn 1-1 with Napoli. ADVERTISING Other quarter-finals will see Real Madrid or Manchester City play Juventus or Lyon, while RB Leipzig will face Atletico Madrid and Atalanta were drawn against Paris Saint-Germain. All ties from the quarter-finals onwards will be played in Lisbon. VANGUARD Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare Related Insecurity: NDYC seeks support for Buhari, FG July 24, 2019 We will reject plot to truncate democracy, trigger anarchy across Nigeria - APC Youths The APC Youth Solidarity Network (APCYSN) has vowed to resist any attempt by some persons to truncate the nation's hard-earned democracy d...
Post a Comment
Read more