India: Gates Foundation offers Serum Institute $150m funding for 2 vaccines

India: Gates Foundation offers Serum Institute $150m funding for 2 vaccines

Photo by Henk Vrieselaar on Unsplash

The Bill & Melinda Gates Foundation will provide at-risk funding of $150 million to support Serum Institute of India’s manufacturing of two promising vaccines by University of Oxford and Novavax under the condition that the Pune-based firm prices the two vaccines at a maximum of $3 per dose.