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Medicine

How the Bill and Melinda Gates Foundation Fought the Pandemic (fastcompany.com) 144

In a long article titled "Gates versus the Pandemic," Fast Company looks at the many mitigation efforts launched by the Bill & Melinda Gates Foundation.

- It's one of the largest funders of the World Health Organization.

- It's partnered with the governments of Norway and India, the World Economic Forum, and the research-charity Wellcome Trust to launch an important group called the Coalition for Epidemic Preparedness Innovations (CEPI).

And then Fast Company breaks down the specifics: - The Gates Foundation invested $52 million in a German mRNA startup named CureVac in 2015; a year later, it gave Massachusetts-based Moderna a $20 million grant to support its development of mRNA-based HIV therapeutics, which helped the company further its underlying platform that can also be used to make vaccines.

- The foundation made an initial equity investment of $55 million in BioNTech, another German startup working on mRNA technology, in 2019. (While the foundation typically makes grants, it sometimes invests in companies to negotiate terms that require a funded product be globally accessible and affordable.)

The goal of all of this spending, in part, was to encourage these companies to focus on mRNA vaccines for communicable illnesses. "If you're looking at where the money is," in medical funding, "it's in oncology and cancer immunotherapy," says Lynda Stuart, deputy director of vaccines and host-pathogen biology at the Gates Foundation. Without a push, companies working in the space "wouldn't necessarily gravitate to infectious disease vaccines."

As the virus was beginning to spread, the Gates Foundation encouraged its other vaccine development partners to turn to COVID-19.

- Researchers at Oxford University started work on a coronavirus vaccine made from a weakened, altered form of a chimpanzee cold virus, a platform that CEPI had supported for other vaccines such as MERS.

- Novavax, a biotech startup the foundation had previously funded, also entered the race to create a vaccine.

By October, more than 200 COVID-19 vaccines were in development, but only 11 had reached Phase III clinical trials (human efficacy tests, the last step before regulatory approval). Of those, four vaccine platforms — from Moderna, BioNTech, Novavax, and the University of Oxford — had received early backing from CEPI or the Gates Foundation. In November, BioNTech-Pfizer, Moderna, and Oxford-AstraZeneca all announced that their respective vaccines had proved highly effective in preliminary study results. On December 11, the FDA approved the BioNTech-Pfizer vaccine, which represents a huge victory for the Gates Foundation. (In addition, the foundation is funding contenders that are at an earlier stage of development, such as Icosavax's nanoparticle vaccine construct.)

"Without the efforts of the Bill & Melinda Gates Foundation, the Covid-19 crisis would almost certainly be worse," writes Fast Company. "But its extensive role raises questions about how much we rely on philanthropy."

Their article includes this quote from a Northeastern University law professor focused on intellectual property rights and universal access to treatments for HIV/AIDS and COVID-19. "A fundamental question is, Well, because you have the money, should you be able to control the architecture of global health?"

A former director of vaccine delivery at the Gates Foundation counters that "they add value in helping to design very effective programs."
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How the Bill and Melinda Gates Foundation Fought the Pandemic

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  • fake news (Score:5, Funny)

    by gravewax ( 4772409 ) on Sunday December 20, 2020 @08:23PM (#60852500)
    come on we all know he was out there in the dead of night erecting 5G towers to transmit the virus he created so that he can take over the world.
    • by olsmeister ( 1488789 ) on Sunday December 20, 2020 @08:35PM (#60852518)
      well not him personally. he has minions.
      • by iggymanz ( 596061 ) on Sunday December 20, 2020 @08:36PM (#60852520)

        you mean infected and adwared windows machines?

      • Re: (Score:3, Informative)

        by Anonymous Coward

        The Gates Foundation is the largest philanthropic organization in the world and has invested more than $10 Billion in companies whose practices run counter to the foundation’s supposed charitable goals and social mission.

        In Niger, the Foundation has invested more than $400 million dollars in oil companies responsible for much of the pollution causing respiratory problems and other afflictions among the local population.

        The Gates Foundation also has investments in sixty-nine of the worst polluting comp

        • Re: (Score:3, Interesting)

          by Anonymous Coward
          The Gates foundation is very clear in that they seperate out their business interests to their philanthropic interests as this gives the best results for charity. They invest in whatever is going to make the most money so they can put that money to good use, the reality is selectively excluding industries from investment only hurts the actual goals of the charity.
          • by gtall ( 79522 )

            So they are investing in companies whose deleterious effects are to be countered by their charity? The Yin and Yang here is Yrong.

        • Re: (Score:2, Insightful)

          by coastwalker ( 307620 )

          I note that your 401k is also invested in these supposedly evil enterprises. Investments are in bad things unless you make a special effort to make sure that they are not.

      • by Z80a ( 971949 )

        I don't think microsoft minions would be of any use, given previous attempts like clippy

    • We all know Windows Phone failed, so why would he do that?
    • its extensive role raises questions about how much we rely on philanthropy.

      There should be a gradual transition to exclusively relying on philanthropy, not taxation, to achieve social good.

      Philanthropy is people voluntarily directing their assets toward causes they passionately believe in.

      Taxation is the coercive redirection of an individual's assets -- at best, toward causes that the individual is almost never passionate about, and at worst, toward causes that the individual vehemently opposes. Furthermore, a large fraction of those assets are wasted by the inefficiency of gover [slashdot.org]

  • 5G (Score:2, Funny)

    by darkain ( 749283 )

    I can't wait until Bill Gates personally injects 5G tracking technology directly into my veins! At least I'll get mobile 1gbps straight into my body.

  • Whatever (Score:1, Insightful)

    Still doesn't give him the right to tell people how to live. North Korean propaganda in Fast Company and other outlets notwithstanding.
    • Still doesn't give him the right to tell people how to live.

      This is the consequence of a tax policies that deeply favor the rich. Without people like you voting to support such policies then we wouldn't have billionaires with the power to do such things.

      You are complaining about the consequences of your own actions.

  • by Quakeulf ( 2650167 ) on Sunday December 20, 2020 @08:37PM (#60852524)

    The checkbox is futile when ads come in the form of "articles".

  • by jfdavis668 ( 1414919 ) on Sunday December 20, 2020 @09:11PM (#60852580)
    I guess I would trust Bill over John McAfee, anyway.
  • Name recognition (Score:5, Insightful)

    by Dan East ( 318230 ) on Sunday December 20, 2020 @09:27PM (#60852612) Journal

    We've gotten to the point where name recognition, such as the name of his foundation, is harmful to their goals. There are just too many ignorant people out there believing the most insane conspiracy theories now. Social media allows nonsense to propagate like never before, and somehow "Bill Gates", having been involved (purely at the business end) of some technology company DECADES ago means he's.... doing all this ludicrous stuff involving 5G and tracking. Because, you know, he has something to do with technology and thus ANYTHING he does must be motivated to a technological end in some way.

    Really, these organizations need to be operating much more silently in the background, and not affixed to celebrity names, in this day and age.

    • by Tablizer ( 95088 )

      name recognition, such as the name of his foundation, is harmful to their goals. There are just too many ignorant people out there believing the most insane conspiracy

      Well, being evil and sneaky as CEO of Microsoft didn't help either. Maybe he should come clean and confess to his past misdeeds if he wants to be taken more seriously.

      • We middle-aged programmers (I see you have a 5-digit uid too) hated Bill Gates long before any of the bullshit conspiracy theories, and we actually valid reasons.

    • by dwye ( 1127395 )

      We've gotten to the point where name recognition, such as the name of his foundation, is harmful to their goals. There are just too many ignorant people out there believing the most insane conspiracy theories now.

      In a section of the population widely viewed as hilariously paranoid. Don't let your tin foil hat bump the door on your way out.

  • That man... (Score:5, Insightful)

    by presearch ( 214913 ) on Sunday December 20, 2020 @09:38PM (#60852620)

    That man is a saint (other than the corruption, theft, and decades of anti-competitive, underhanded dealing).
    A true saint among men.
    He earned, hell, hedeserves that massive tax break and spotless reputation.
    Praise be unto him and his.

  • by jddj ( 1085169 ) on Sunday December 20, 2020 @10:38PM (#60852692) Journal

    '"A fundamental question is, Well, because you have the money, should you be able to control the architecture of global health?"

    Another question just as pressing: If you have a clueless grifter running your country into the ground, shouldn't SOMEONE be thinking about the architecture of global health?

    If Donald can't read, perhaps Bill can read to him.

  • enjoying their fabulous mansion/bunker where all the best foods are delivered so they dont have to forage in the grocery stores like the poor folks do
  • by aaarrrgggh ( 9205 ) on Sunday December 20, 2020 @11:13PM (#60852744)
    I think it will be interesting to look back in 30-50 years as we make decisions about what the role of government in society should be. I like the idea that there are people smarter than government collectively; it is just hard to predict long term outlooks if you rely on smart, philanthropical individuals.
    • I like the idea that there are people smarter than government collectively

      What we need is people more moral than government. Bill Gates is doing the kinds of things that governments do. Notably, he's making deals with other nations in order to control them. You can't get vaccinations from the Gates Foundation without supporting strong western-style IP law. So later, if you decide that you need to make a generic copy of some medication to keep your people alive, the WTO can turn your country into a smoking hole, economically.

  • by sunami88 ( 1074925 ) on Sunday December 20, 2020 @11:37PM (#60852786)
    I mean it took them long enough. But really, I'm just glad it's over.
    • But really, I'm just glad it's over.

      Phase 1 is over, and Phase 2 is beginning. Phase 1 got us used to the idea of surrendering fundamental rights to thunderous applause. Phase 2 will take more or those rights (after a short reprieve to give us false hope), most likely in the guise of an equally (or more!) dangerous charade.

  • The Same WEF that says this this "Great Reset" will result in a utopia where "I Own Nothing, Have No Privacy And Life Has Never Been Better"?
    https://www.forbes.com/sites/w... [forbes.com]
    This is starting to get beyond a conspiracy theory at this point.

  • dolly parton is the real hero she funded the drug. https://www.cnn.com/2020/11/18... [cnn.com]
  • More sycophants hoping for a handout.

  • Coronavirus vaccine is one step towards the cure for the common cold, is it not?

    • Coronavirus vaccine is one step towards the cure for the common cold, is it not?

      Most common colds are caused by rhinoviruses, although some are caused by coronaviruses. However, this is a "novel coronavirus", meaning it's substantially different from those others.

  • Minions or not, it's still working out very well. Thanks too for all the money matching Rotary International's anti-polio campaign.

  • Give me a few billion and I'll give a billion to my favourite charities. Howzat?
  • its extensive role raises questions about how much we rely on philanthropy.

    There should be a gradual transition to exclusively relying on philanthropy, not taxation, to achieve social good.

    Philanthropy is people voluntarily directing their assets toward causes they passionately believe in.

    Taxation is the coercive redirection of an individual's assets -- at best, toward causes that the individual is almost never passionate about, and at worst, toward causes that the individual vehemently opposes. Furthermore, a large fraction of those assets are wasted by the inefficiency of gover [slashdot.org]

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