WHO Director-General Tedros Adhanom Ghebreyesus said that the development of vaccines is risky and some may fail. Spreading the investment in vaccine development among different countries shares the risk of failure and the reward of success.
High demand for a safe and effective vaccine against the coronavirus is already causing competition between countries and could drive prices higher, the World Health Organization's top official warned Thursday.
Tedros encouraged countries to allocate funding toward the the Access to COVID-19 Tools Accelerator, which is a group launched by the WHO, a variety of philanthropic and scientific groups, among others, to accelerate the development, production and distribution of Covid-19 tests, treatments, and vaccines. He said greater investment in the program will bolster international collaboration and allow for a more effective response to the virus, which has infected more than 20.
"Before spending another $10 trillion on the consequences of the next wave, we estimate that the world will need to spend at least $100 billion on new tools, especially any new vaccines that are developed," he said. "The development of vaccines is long, complex, risky and expensive. The vast majority of vaccines in early development fail. The world needs multiple vaccine candidates of different types to maximize the chances of finding a winning solution.
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