Gates Foundation pledges $100M to fight novel coronavirus

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Bill and Melinda Gates. (Gates Foundation photo)

The Bill and Melinda Gates Foundation plans to spend up to $100 million to stem the spread of the novel coronavirus that has infected thousands of people in China and around the world.

The money will go toward the detection, isolation, and treatment of the virus. The Gates Foundation will also fund the development of coronavirus vaccines. The $100 million commitment includes $10 million the foundation already pledged in January.

The Gates Foundation is donating an initial $20 million to the World Health Organization, U.S. Centers for Disease Control, and other public health organizations. The foundation will invest additional funds in preventing the spread of the virus to developing regions, like sub-Saharan Africa and South Asia.

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