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UK pledges another $257 million for Covid-19 vaccine

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Building on the G20 virtual summit on coronavirus this week, the UK government has pledged an additional $257 million to accelerate research on finding a Covid-19 vaccine. The funding will ensure British scientists and researchers continue to lead the global fight against the virus, the British High Commission in New Delhi said in a statement on March 28.The UK has now pledged £544 million, which makes it the biggest contributor to Coalition for Epidemic Preparedness Innovations (CEPI) – the international coalition to find a vaccine. Announcing the additional funding, British Prime Minister Boris Johnson said: “While our brilliant doctors and nurses fight coronavirus at home, this record British funding will help to find a vaccine for the entire world. UK medics and researchers are at the forefront of this pioneering work.” The coronavirus hasn’t spared the high and the mighty in Britain, with Mr Johnson and Prince Charles, the heir to the British throne, testing positive for the coronavirus. Acting High Commissioner to India Jan Thompson said: “This important announcement demonstrates the UK’s continued commitment to finding a coronavirus vaccine alongside our key international partners. We already have a strong record of research collaboration with India; at a time like this, international collaboration is more important than ever.”This new funding for the Coalition for Epidemic Preparedness Innovations is in addition to the £40 million already given to the organisation. It will help scientists and researchers continue to lead global efforts to develop a workable coronavirus vaccine, including at the University of Oxford.The additional funding will go towards producing rapid tests for coronavirus and developing medicines to treat the disease. Quickly identifying those with coronavirus and having the means to treat those most affected will be pivotal in bringing down the number of people killed, the statement said. The new UK funding consists of: £210 million to help develop a vaccine. This new funding for the Coalition for Epidemic Preparedness Innovations is in addition to the £40 million already given to the organisation. It will help scientists and researchers continue to lead global efforts to develop a workable coronavirus vaccine, including at the University of Oxford. 40 million to develop affordable treatments for coronavirus patients. This will support the Therapeutic Accelerator, a fund for the rapid development of anti-retrovirals or immunotherapies against coronavirus which is already backed by the UK-based Wellcome Trust, the Bill & Melinda Gates Foundation and Mastercard. It aims to make 10 million treatments available in the coming months globally, including in the UK. £23 million to further develop easily-manufactured testing devices. This is additional funding for the Foundation for Innovative New Diagnostics, a partnership between academic organisations and pharmaceutical companies which will build rapid testing technology like the new prototype test developed by the Mologic lab in Bedford, which is currently funded by the UK. UK-India Joint Research on Vaccines Through an innovative trilateral global research partnership between India, UK and developing country researchers, new trailblazing research is being carried out to test the rotavirus vaccine to improve vaccine performance in immunisation programmes across India and Africa. It is an excellent example of collaboration between the UK and India on research and innovation to address global challenges, in turn bringing benefits to the UK, India, and developing countries and contributing to global public goods, said the statement.

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Centre for Global India Insights (CGII) is India’s leading foreign policy think tank that focuses on international relations, geopolitics and public policy. In a world fraught with risks , CGII provides in-depth perspectives and decodes larger global trends through independent research and first-hand sources. CGII generates insights into complex global issues and provide actionable policy analysis, research and commentaries to both local and global audiences about India’s multifarious connections with different regions and geographies. Led and driven by a team of distinguished professionals and experts, CGII’s research work is disseminated and amplified through its media and publishing platforms, including India Writes Network and India and the World journal. For more: https://cgiiglobal.org/who-we-are/

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