Phil Serafino and Yuriy Humber
Saturday, January 30th, 2010
Bill and Melinda Gates said their foundation will commit $10 billion over the next decade to help develop vaccines for the world’s poorest countries, a project that may save the lives of 8.7 million children.
The initiative aims to vaccinate 90 percent of children in developing nations, including new immunizations for pneumonia and severe diarrhea, the foundation said in a statement today. The funding is in addition to $4.5 billion that the charity already pledged to vaccine research and delivery. Governments and the private sector need to contribute more money as well, Gates said.
“Here is where you can take a donation and really map it, see it saving lives,” Bill Gates, the co-founder and former chief executive officer of Microsoft Corp., said at a news conference in Davos, Switzerland, the site of the World Economic Forum this week.
Gates’s Seattle-based charity, the world’s biggest, has made health care for the poor the focus of its work in an effort to tackle infectious diseases like AIDS, malaria and tuberculosis. The foundation has helped fund GlaxoSmithKline Plc’s research into a malaria vaccine and has contributed to Sanofi-Aventis SA’s work on a shot for dengue fever.
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This article was posted: Saturday, January 30, 2010 at 8:45 am