Home World News US Biotech firm Novavax initiates Covid-19 vaccine trial with Bill Gates funding

US Biotech firm Novavax initiates Covid-19 vaccine trial with Bill Gates funding

Different companies are in the race of developing a coronavirus vaccine in a shorter period. Novavax was also one of them which has started human trials of their vaccine for the first time. They got a boost in the production process after they got $388 Million in funding by Bill Gates.

Coronavirus: Novavax Initiates COVID-19 Vaccine Trials on Human as Bill Gates Funded them With $388 Million.

The US biotech firm will start the first phase trials on Australian patients, and July has been set as a deadline for getting the results.

One results are observed then the second phase of clinical trials will commence after that. Around 130 Australians will undergo the dosage tests of the vaccine developed by Novavax.

CEO of Novavax is quite optimistic with the first phase trials of the developed vaccines. He also stressed that funding from Bill Gates had helped a lot in developing a vaccine at a rapid pace.

Furthermore, he added that they are looking to share the results of first phase trials by July, and if the first phase is successful, then they will quickly launch the second phase trials.

Bill Gates broke all the records by funding Novavax at $388 million in the health industry. According to the data available, donation by the Billionaire is the most significant sum of money donated by anybody for the health industry.

The move by Bill Gates has attracted some of the conspiracy theories in the USA. Many online conspiracy theorists have aired that Bill Gates might use a vaccine to insert tracking chip into the human body.

Further, they believe that he might use these location tracking chips to control people all around the world. Defined eyebrows have been raised due to this conspiracy theory.

Polls were also done by Yahoo where results showed 44% people believed that Bill Gates might do this.

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rashigupta
Rashi Gupta - professional Digital Marketing consultant with Google certification, Passionate about reading and writing latest facts on Science and Technology and now a full-time contributor to Journal Headlines. Rashi is the base behind the Science coverage over this online news platform.

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