“Quad” coalition countries plan to announce funding to boost vaccine production in India – Money Times

"Quad" coalition countries plan to announce funding to boost vaccine production in India - Money Times
The idea is that the faster the vaccination, the more we can defeat some of these mutations (image: REUTERS / Francis Mascarenhas)

On Friday, the first meeting of the leaders of the group of so-called “quad” countries announced financing agreements to promote Vaccines Against Coronavirus On India, A government official said The us To Reuters

The financing agreements will be between the United States, Japan and others, and will focus exclusively on companies and institutions in India that operate with US pharmaceutical companies Novaxax and Johnson and johnsonSaid, the officer, who refused to be identified.

The goal of the Quad Alliance initiative, which includes the United States, India, Japan I Australia, According to the official, will be to reduce manufacturing delays, accelerate vaccination and defeat some mutations of the coronavirus.

“The idea is that the faster the vaccination can happen, the more we can defeat some of these mutations. Therefore, it is a capability that will be available throughout this year, and it will collectively increase our capacity.

The official said that part of the additional vaccine production capacity built in India will be used for vaccination programs in countries in South East Asia.

The White House on Tuesday announced earlier that US President Joe Biden would attend an online quad meeting on Friday, the first meeting of the group’s leaders, seen as part of China’s growing economic and military balance efforts.

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Cory Weinberg

About the author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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