Connect with us

Foreign

Bill Gates wants Coronavirus drugs go to people who need them, not ‘highest bidder’

Published

on

Bill Gates wants Coronavirus drugs go to people who need them, not ‘highest bidder’

Billionaire philanthropist Bill Gates called for COVID-19 drugs and an eventual vaccine to be made available to countries and people that need them most, not to the “highest bidder.”


Gates, a founder of Microsoft, said in a video released on Saturday during a virtual COVID-19 conference organised by the International AIDS Society that relying on market forces would prolong the deadly pandemic.

“If we just let drugs and vaccines go to the highest bidder, instead to the people and the places where they are most needed, we’ll have a longer, more unjust, deadlier pandemic.

“We need leaders to make these hard decisions about distributing based on equity, not just on market-driven factors,” he noted.

With hundreds of vaccine projects under way and governments in Europe and the United States investing billions of dollars in research, trials and manufacturing, there is concern that richer nations could scoop up promising medicines against the new coronavirus, leaving developing countries empty-handed.

The European Commission and the World Health Organisation have warned of an unhealthy competition in the scramble for a medicine seen as key to saving lives and resolving economic chaos sowed by the virus.

Meanwhile, some officials in Washington have indicated they would seek to prioritise U.S residents.

Gates said efforts began two decades ago to battle the global crisis, when countries came together to eventually make medicines available in most of the world including Africa, can serve as a model for making COVID-19 medicines widely accessible.

As examples, he pointed to the 2002-created Global Fund to Fight AIDS, Tuberculosis and Malaria and the United States-based President’s Emergency Plan For AIDS Relief to get medicines to people to combat some of the world’s deadliest diseases as examples.

“One of the best lessons in the fight against is the importance of building this large, fair global distribution system to get the drugs out to everyone,” Gates said.

Edited By: Abiodun Oluleye/Felix Ajide (NAN)

 

 

Abiodun Oluleye: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Abia govt. to reabsorb sacked 5,853 teachers Insurgency: NAF assures Borno of unrelenting security effort ESUT holds retreat for new administrators Edo COVID-19 death toll hits 100 — Commissioner Niger Govt. inaugurates 30-man economic advisory committee Court restrains Edo govt from publishing defamatory materials against Okunbo, Oshiomhole CIIN lauds FG’s approval of African Trade Insurance Agency Lagos State Procurement Agency (Amendment) Bill 2020 scales 2nd reading Kwara speaker calls for improved security in border communities Poultry farmers seek FG, Oyo govt.’s intervention to save industry   Monarchs task Lagos State Govt on provision of infrastructure  Nigeria disability data bank takes off in FCT CACOVID: Gov. Bagudu warns against diversion of food palliative Minister inaugurates committee on implementation of N75bn youth fund PDP swears in Enugu State executives  NJC approves appointment of 6 new High Court Judges for Kano NSE market indices drop further 0.58% Man, 44, docked over alleged cheating of woman of N75,000 Assault: Police dismiss Inspector in Osun NLC seeks youth inclusion in political, institutional decision-making Lagos Assembly to amend Anti-Cultism Law, includes punishment for cultist’s parent You have no seats to occupy in Edo Assembly, Speaker tells 14 members-elect Private sector key to successful campaign against COVID-19 – AbdulRazaq Stamp Duty: FG to support states to recover backlog AKK gas pipeline project will revive construction industry — Expert Fatokun joins Kwara United from Sunshine Stars COVID-19: Trade office calls for strategic policy on compliance, trade interventions COVID-19 Lockdown: Lagos Govt. introduces educational programme to aid learning Casual workers docked over alleged N20,000 theft Former Super Eagles goalkeeper close to joining Kwara United Ondo poll: Group declares support for Akeredolu’s re-election 2020 wet season: IFAD, FGN-VCDP distribute agro-inputs in Anambra FG to domesticate Nanotechnology to enhance socioeconomic growth — Onu Ogun Traffic Corps arrests drivers of unlatched containerised trucks LASG inaugurates Oshodi-Abule Egba BRT lane Driver accused of attempting to kidnap 13 passengers remanded in Oyo Bishops Forum calls for fortification of security in Southern Kaduna Kano Court remands man for alleged murder Kwara govt pledges continued support to sports FG inaugurates 11 ICT projects nationwide Union issues 14-day ultimatum to MTN over unfair labour practices Customs Zone “B” seizes rice, other items worth N62.6m LCCI partners Founder Institute to support launch of tech startups  Lagos to leverage on  technology to achieve goals in education—Hamzat Use of life jacket: LASWA arrests 6 for non-compliance Police nab 4 over alleged armed robbery, kidnapping, fraud in Niger  SUBEB warns contractors against using substandard materials Insecurity: Community leader urges Nigerians to be more security conscious Group, Obasanjo Farms to stage Face of Agric reality TV show Niger extends state of emergency in Tillabery area after killing in Giraffe Park