Mark Zuckerberg and his wife Priscilla Chan have donated $25 million through their foundation to a philanthropic effort organized by Bill Gates to explore new coronavirus treatments.
The Gates Foundation donated $50 million last week to what it’s calling the “COVID-19 Therapeutics Accelerator.” The initiative brings together life sciences companies to collaborate on the development of new vaccines, diagnostics, and treatments for COVID-19.
“The Therapeutics Accelerator will enable researchers to quickly determine whether or not existing drugs have a potential benefit against COVID-19,” Chan and Zuckerberg said in a press release. “We hope these coordinated efforts will help stop the spread of COVID-19 as well as provide shared, reusable strategies to respond to future pandemics.”
The two donations are the largest from tech billionaires since the coronavirus outbreak. Wellcome and Mastercard are supporting the effort as well.
The goal of the initiative is to either develop a new drug or adapt an existing treatment that it could help distribute alongside partnering pharmaceutical companies.
The 15 companies participating in the project kicked off the effort by sharing their proprietary libraries of molecular compounds that have some history of being tested with COVID-19.
The lineup includes big names in biotech such as Johnson & Johnson, Merck, Pfizer, Sanofi, and Bristol-Myers Squibb.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Equinox Media CEO Jason LaRose discussed the at-home success of its fitness app and how the company is still committed to the in-person gym workout.
TikTok isn't just gaining popularity among teens, the Mexican drug cartel is using the platform to promote its illicit activities. Cheddar's Michelle Castillo reports.
The coronavirus pandemic has revealed to Americans that employers have been able to maintain business as employees work from home. Now, companies are looking to rollout features to improve WFH productivity. Cheddar's Michelle Castillo reports.
While the U.S. reels from the massive SolarWinds hack, which compromised government agencies and private tech companies, experts predict more attacks on high-value targets are likely to occur.
An Amazon's Choice product, these highly-rated headphones combine high-performance speakers with T-Quiet™ active noise-canceling technology for an optimal listening experience.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Kevin Czinger, CEO and lead inventor at Divergent 3D, talked to Cheddar about how 3D printing might change car manufacturing going forward.
CEO Rob Wiesenthal said the company chose now to go public because technological innovations in ground mobility will bleed over into the air transport space.
Dozens of states filed an anti-trust lawsuit against Google on Thursday, alleging that the search giant has an illegal monopoly over the online search market that hurts consumers and advertisers.
