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Nestlé supports global search for COVID-19 vaccine

By Bernie Cahiles-Magkilat

People all over the world are hoping to restart social and economic life safely, including visiting family and friends and getting back to work.

A vaccine against COVID-19 is crucial to end the pandemic and to save lives and livelihoods. The Coalition for Epidemic Preparedness Innovations (CEPI) is playing an important role in funding and speed¬ing up the development of COVID-19 vaccine candidates on a global basis.

That is why Nestlé is supporting CEPI’s efforts with a donation of CHF 1 million (US$ 1.03 million). CEPI is working quickly and collaboratively with the ambition to develop a safe, effective and globally accessible COVID-19 vaccine within a 12-18- month timeframe.

They have already raised over $1 billion from governments, private donors and individuals around the world but need further funding to reach their goal of USD 2 billon to allow their COVID-19 programs to continue at pace.

Mark Schneider, CEO of Nestlé, said: “The COVID-19 pandemic has created a lot of pain and hardship in communities around the world. A safe and effective vaccine will be needed to return to normality. That is why it was important to us to get on board when CEPI issued their call. We hope others will join us and support this important mission.”

CEPI is an innovative global partnership between public, private, philanthropic, and civil society organizations launched in Davos in 2017 to develop vaccines to stop future epidemics.


Source: Manila Bulletin (https://business.mb.com.ph/2020/05/21/nestle-supports-global-search-for-covid-19-vaccine/)

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