Bill and Melinda Gates fund potential vaccine against COVID-19

Bill and Melinda Gates fund potential vaccine against COVID-19

Coronavirus shown to spread in high heat and humidity Inovio would recruit 40 healthy adult volunteers for their phase 1 trial. These volunteers will be screened at Philadelphia's Perelman School of Medicine at the University of Pennsylvania or the Center for Pharmaceutical Research in Kansas City . The participants would receive two doses of the vaccine each, and these would be four weeks apart. Over the coming weeks, the trial would generate immunological as well as safety data after the drug is injected into the volunteers. By the end of summer or early fall, results regarding the safety of the vaccine are expected. If this phase 1 trial is successful, the next phase will recruit around 1,000 participants. Bill and Melinda Gates Foundation The mass production of the vaccine doses for use in the clinical trials is funded by the Bill and Melinda Gates Foundation and other organizations. Inovio has said in its statement that if the trials prove to be successful, they would have a short time to develop one million doses of the vaccine by the end of this year. These would be used in more extensive efficacy trials as well as in regions that are worst affected by the disease, after authorization, they said. While the Bill and Melinda Gates Foundation has provided $5 million to Inovio, Coalition for Epidemic Preparedness and Innovation has provided $9 million. The latter is a public-private foundation based in Norway. Gates said that his foundation is supporting seven "most promising" vaccine candidates in their development, INO-4800 being one of them. He said, "Our early money can accelerate things." He added, "To get to the best case, we need to do safety and efficacy and build manufacturing." He acknowledged that they might lose "a few billion dollars" trying to find the right vaccine. But he called the whole effort "worth it" given the situation of the pandemic. The Bill & Melinda Gates Foundation in February committed a total of $100 million for the worldwide fight against COVID-19. Other vaccines in the pipeline INO-4800 is the second vaccine that has been administered to volunteers as part of phase 1 safety trials Moderna has already begun its phase 1 trial in the middle of March by injecting its candidate mRNA vaccine on volunteers. So when can we have the vaccine ready? Finally, the Inovio officials hope that the vaccine, if proven successful in phases 1 and 2 clinical trials, could receive approval for broad population use only around a year or 18 months from now at the most. They assure that the trials and the research on the vaccines Sources: Inovio’s Product Pipeline - https://www.inovio.com/product-pipeline/ INOVIO Initiates Phase 1 Clinical Trial Of Its COVID-19 Vaccine and Plans First Dose Today - http://ir.inovio.com/news-and-media/news/press-release-details/2020/INOVIO-Initiates-Phase-1-Clinical-Trial-Of-Its-COVID-19-Vaccine-and-Plans-First-Dose-Today/default.aspx Announcing the COVID-19 Therapeutics Accelerator - https://www.gatesfoundation.org/TheOptimist/Articles/coronavirus-mark-suzman-therapeutics



Also in Industry News

How to decide whether or not to start treatment for prostate cancer?
How to decide whether or not to start treatment for prostate cancer?

0 Comments

How to decide whether or not to start treatment for prostate cancer?

Read More

Analysis of the SARS-CoV-2 proteome via visual tools
Analysis of the SARS-CoV-2 proteome via visual tools

0 Comments

Analysis of the SARS-CoV-2 proteome via visual tools

Read More

$65m investment increases British Patient Capital’s exposure to life sciences and health technology
$65m investment increases British Patient Capital’s exposure to life sciences and health technology

0 Comments

$65m investment increases British Patient Capital’s exposure to life sciences and health technology

Read More