The Bill & Melinda Gates Foundation has joined two other companies to commit as much as $125 million in seed funding to speed-up the response to the COVID-19 pandemic.

The Gates Foundation has joined forces with Wellcome and Mastercard in hopes of identifying, assessing, developing, and scaling-up treatments.

The Gates Foundation and Wellcome are each contributing up to $50 million, and the Mastercard Impact Fund has committed up to $25 million to catalyze the initial work of the accelerator.

The Gates Foundation’s funding is part of its up to $100 million commitment to the COVID-19 response announced last month.

The partners are committed to equitable access, including making products available and affordable in low-resource settings, according to a news release from The Bill & Melinda Gates Foundation.

Currently, there are no broad-spectrum antivirals or immunotherapies available for the fight against emerging pathogens, and none approved for use on COVID-19.

“Viruses like COVID-19 spread rapidly, but the development of vaccines and treatments to stop them moves slowly,” Mark Suzman, chief executive officer of the Bill & Melinda Gates Foundation, mentioned in the news release.

“If we want to make the world safe from outbreaks like COVID-19, particularly for those most vulnerable, then we need to find a way to make research and development move faster. That requires governments, private enterprise, and philanthropic organizations to act quickly to fund R&D.”

The COVID-19 Therapeutics Accelerator will work with the World Health Organization, government and private sector funders and organizations, as well as the global regulatory and policy-setting institutions.

Officials at The Gates Foundation noted that the COVID-19 Therapeutics Accelerator will play a catalytic role by accelerating and evaluating new and repurposed drugs and biologics to treat patients with COVID-19 in the immediate term, and other viral pathogens in the longer-term.

As noted in the news release, the Accelerator will have an end-to-end focus, from drug pipeline development through manufacturing and scale-up.

By sharing research, coordinating investments, and pooling resources, these efforts can help to accelerate research. Officials said this kind of collaboration was a key lesson from the 2014 Ebola outbreak.

By providing fast and flexible funding at key stages of the development process, the Accelerator will de-risk the pathway for new drugs and biologics for COVID-19 and future epidemic threats, ensuring access in lower-resource countries.

The COVID-19 Therapeutics Accelerator will operate jointly as an initiative of the funders, drawing on expertise from inside and outside their organizations.

The Accelerator will pursue several aspects of the development cycle to streamline the pathway from candidate product to clinical assessment, use, and manufacturing.

To identify candidate compounds, the Accelerator will take a three-pronged approach: testing approved drugs for activity against COVID-19; screening libraries of thousands of compounds with confirmed safety data; and considering new investigational compounds and monoclonal antibodies.

Drugs or monoclonal antibodies that pass initial screening would then be developed by an industry partner.

The biotech and pharmaceutical industries will be critical partners, bringing their compound libraries and clinical data to the collaboration and lending commercialization and other expertise that will be required to scale up successful drugs and monoclonal antibodies.

In parallel to the development of the COVID-19 drug pipeline, the Accelerator will work with regulators to align criteria and develop manufacturing capacity with industry.

An accelerated pathway to bringing effective treatments to patients is around one year for products that have current regulatory approval or candidates with existing clinical data.

The timeline would be longer for compounds further upstream in the pipeline that have limited existing clinical data.

“This virus is an unprecedented global threat, and one for which we must propel international partnerships to develop treatments, rapid diagnostics, and vaccines,” Dr. Jeremy Farrar, director of Wellcome, noted in a statement.

“Science is moving at a phenomenal pace against COVID-19, but to get ahead of this epidemic we need greater investment and to ensure research co-ordination. The Therapeutics Accelerator will allow us to do this for potential treatments with support for research, development, assessment, and manufacturing. COVID-19 is an extremely challenging virus, but we’ve proved that through collaborating across borders we can tackle emerging infectious diseases.

“We must strive to strengthen efforts in the face of COVID-19, and in doing so, continue to make sure advances are accessible and affordable to all. Investing now, at scale, at risk and as a collective global effort is vital if we are to change the course of this epidemic. We welcome others to join us in this effort.”

---

Excerpt:
“If we want to make the world safe from outbreaks… particularly for those most vulnerable, then we need to find a way to make research and development move faster. That requires governments, private enterprise, and philanthropic organizations to act quickly to fund R&D,” said Mark Suzman, chief executive officer of the Bill & Melinda Gates Foundation.

Photo Caption:
An accelerated pathway to bringing effective treatments to patients is around one year for products that have current regulatory approval or candidates with existing clinical data. (Photo: iStockphoto / NNPA)

Website Tags and Keywords:
Stacy M. Brown, NNPA Newswire, The Bill & Melinda Gates Foundation, response, COVID-19 pandemic, Wellcome, Mastercard, identifying, assessing, developing, scaling-up treatments, Mastercard Impact Fund, the accelerator, Affordable, low-resource settings, broad-spectrum antivirals, immunotherapies, emerging pathogens, Viruses, vaccines, treatments, Mark Suzman, governments, private enterprise, philanthropic organizations, R&D, COVID-19 Therapeutics Accelerator, World Health Organization, government, private sector funders, organizations, global regulatory and policy-setting institutions, catalytic role, repurposed drugs, biologics, drug pipeline development, 2014 Ebola outbreak, three-pronged approach, screening libraries, investigational compounds, monoclonal antibodies, Drugs, monoclonal antibodies, clinical data, monoclonal antibodies, rapid diagnostics, vaccines, Dr. Jeremy Farrar

Hashtags:
@StacyBrownMedia @DrBenChavis @MasterCard @gatesfoundation @WellcomeTrust @JeremyFarrar