Bill Gates makes $10 billion vaccines pledge

By ASSOCIATED PRESS
January 29, 2010 21:32



DAVOS, Switzerland – The Bill and Melinda Gates Foundation will donate $10 billion over the next decade to research new vaccines and bring them to the world's poorest countries, the Microsoft co-founder and his wife said Friday.



Calling upon governments and business to also contribute, they said the money will produce higher immunization rates and aims to make sure that 90 percent of children are immunized against dangerous diseases such as diarrhea and pneumonia in poorer nations.



"We must make this the decade of vaccines," Bill Gates said in a statement. "Vaccines already save and improve millions of lives in developing countries. Innovation will make it possible to save more children than ever before."



Gates said the commitment more than doubles the $4.5 billion the foundation has given to vaccine research over the years.


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