In an attempt to fight a valid solution for the virus outbreak across the globe, 12 big pharmaceutical companies, as well as small biotech entities who are actively seeking ways to develop a vaccine for the Coronavirus, receive a generous donation of 50 million USD from business magnate and philanthropist Bill Gates to support treatment development for the virus.

The private foundation established in 2000 by the husband and wife, Bill & Melinda Gates—that has become one of the largest in the world—made the contribution which will, according to its president Trevor Mundel, help protect the common population by making the medicine as accessible and affordable as it is needed. It is still a large sum of money that would move companies a significant step forward even if the cure isn’t found, allowing them to develop research as they wait for government aid.