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Global fundraising for COVID-19 vaccine, drugs exceeds $10 billion, EU says

FILE PHOTO: Scientists are seen working at Cobra Biologics, they are working on a potential vaccine for COVID-19, following the outbreak of the coronavirus disease (COVID-19), in Keele, Britain, April 30, 2020. REUTERS/Carl Recine

BRUSSELS (Reuters) – A global campaign to fund the development of vaccines and therapies against COVID-19 has so far raised 9.5 billion euros ($10.4 billion), the head of the European Commission said on Tuesday.

“Great result, reaching 1st milestone of GlobalResponse pledging marathon led by EU Commission,” Ursula von der Leyen said on Twitter.

The pledging campaign, which the United States shunned, raised $8 billion from global leaders and other institutions on May 4, when it was launched.

Reporting by Francesco Guarascio @fraguarascio; Editing by Alison Williams

Our Standards:The Thomson Reuters Trust Principles.

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