- Billionaire philanthropist Bill Gates says he is optimistic about beating coronavirus.
- He told a global AIDS conference that HIV/AIDS had shown how drugs could be made available fairly.
- He’s warning against poorer countries missing out if drug companies put profits first.
- The World Health Organization says more than 20 vaccines are undergoing clinical trials.
Bill Gates is clear: the Global Fund – a worldwide philanthropic effort that spends more than $4 billion a year on fighting AIDS, as well as tuberculosis and malaria – was set up.
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It’s why Gates, the co-chair of the Bill & Melinda Gates Foundation, told an International AIDS Society conference that he “remains optimistic” that COVID-19 can be defeated – because there is already a successful model for getting on top of pandemics.
However, Gates warns against letting vaccines go to “the highest bidder”, an outcome he says will cause a “longer, more unjust, deadlier pandemic”.
Benefits for AIDS treatments
Bill Gates thinks lessons from the AIDS fight can help defeat COVID-19, in particular teaching us about building “large, fair, global distribution systems”. But he says AIDS treatment programmes can actually benefit too.
“Better diagnostic tools are being developed to help identify these [coronavirus] infections. Investments are being made in libraries of antiviral drugs. Also we’re making great progress on vaccines.”
“These platforms won’t just be useful against this particular virus,” Gates says. “They will also help us specifically for HIV.”
What is the World Economic Forum doing to manage emerging risks from COVID-19?
The first global pandemic in more than 100 years, COVID-19 has spread throughout the world at an unprecedented speed. At the time of writing, 4.5 million cases have been confirmed and more than 300,000 people have died due to the virus.
As countries seek to recover, some of the more long-term economic, business, environmental, societal and technological challenges and opportunities are just beginning to become visible.
To help all stakeholders – communities, governments, businesses and individuals understand the emerging risks and follow-on effects generated by the impact of the coronavirus pandemic, the World Economic Forum, in collaboration with Marsh and McLennan and Zurich Insurance Group, has launched its COVID-19 Risks Outlook: A Preliminary Mapping and its Implications - a companion for decision-makers, building on the Forum’s annual Global Risks Report.
Companies are invited to join the Forum’s work to help manage the identified emerging risks of COVID-19 across industries to shape a better future. Read the full COVID-19 Risks Outlook: A Preliminary Mapping and its Implications report here, and our impact story with further information.
Grounds for caution
Yet Gates doesn’t downplay the challenges that the global vaccination movement faces – particular from disruption to existing programmes.
In recent months, UNICEF has warned that more than 117 million children globally could miss out on measles vaccinations due to the suspension of immunization programmes. Meanwhile, the WHO cautions that malaria deaths in sub-Saharan Africa could double to 769,000.
And then there’s money. “If we just let drugs and vaccines go to the highest bidder, instead of to the people and the places where they are most needed, we’ll have a longer, more unjust, deadlier pandemic,” Gates says.
“We need leaders to make these hard decisions about distributing based on equity, not just on market-driven factors.”
As pharmaceutical companies race to develop successful vaccines, negotiations around pricing and intellectual property rights are likely to remain highly sensitive and contested areas.
But Gates’ overall message to AIDS campaigners – and the wider world – is one of hope. “The world has come together. Specifically, you have done it before.”