Over US$30 billion needed to develop COVID-19 tests, treatments, vaccines: WHO

GENEVA: The World Health Organization said Friday that a global initiative to speed up the development and production of COVID-19 tests, vaccines and treatments will require more than US$30 billion over the next year.

"This is an investment worth making," Ngozi Okonjo-Iweala, a special envoy for the ACT accelerator, told a virtual briefing."If we don't rally now, the human costs and the economic pain will deepen," she said. The funds requested should make it possible to deliver 500 million tests and 245 million courses of treatment to low and middle-income countries by mid-2021.

"It's clear that to bring COVID-19 under control, and to save lives, we need effective vaccines, diagnostics and therapeutics, in unprecedented quantities and at unprecedented speed," WHO chief Tedros Adhanom Ghebreyesus told the briefing.

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