European Commission: Global fund for coronavirus vaccine, drug development raises $10 billion

A global fund designed to support and speed up the development of a coronavirus vaccine and effective treatments has raised about $10.4 billion, European Commission President Ursula von der Leyen said on Wednesday.

The fund was established at a virtual conference on May 4, which the U.S. did not take part in.

Great result, reaching 1st milestone of #GlobalResponse pledging marathon led by @EU_Commission. Since 4 May, govs, institutions, foundations & individuals have donated €9.5 billion to fight #coronavirus. A world living up to solidarity! Stay tuned, more will follow on Thursday.

— Ursula von der Leyen #UnitedAgainstCoronavirus (@vonderleyen) May 26, 2020