Global fundraising for COVID-19 vaccine, drugs exceeds $10 billion, EU says

Reuters

Posted at May 26 2020 06:48 PM

Small bottles labeled with a "Vaccine COVID-19" sticker and a medical syringe are seen in this illustration taken April 10, 2020. Dado Ruvic, Reuters/Illustration/File

BRUSSELS - A global campaign to fund the development of vaccines and therapies against COVID-19 has so far raised 9.5 billion euros or about $10.4 billion, the head of the European Commission said Tuesday.

"Great result, reaching 1st milestone of GlobalResponse pledging marathon led by EU Commission," Ursula von der Leyen said on Twitter.

The pledging campaign, which the United States shunned, raised $8 billion from global leaders and other institutions on May 4, when it was launched. 

More details to follow.