NESTLÉ SUPPORTS GLOBAL ALLIANCE SEARCH FOR COVID-19 VACCINE

Nestlé has announced a fresh infusion of support to the  Coalition for Epidemic Preparedness Innovations (CEPI) effort’s with a donation of $1.03 million. CEPI is an innovative global partnership between public, private, philanthropic, and civil society organizations launched in Davos in 2017 to develop vaccines to stop future epidemics.

“It will take a monumental effort to tackle this virus, but through global cooperation and financial contributions towards the COVID-19 response, businesses can play their part in helping to change the course of this devastating pandemic.” Dr Richard Hatchett, CEO of CEPI, said.

CEPI is working quickly and collaboratively with the ambition to develop a safe, effective and globally accessible COVID-19 vaccine within a 12-18-month timeframe. They have already raised over USD 1 billion from governments, private donors and individuals around the world but need further funding to reach their goal of USD 2 billion to allow their COVID-19 programs to continue at pace.

Mark Schneider, CEO of Nestlé, added: “The COVID-19 pandemic has created a lot of pain and hardship in communities around the world. A safe and effective vaccine will be needed to return to normality. That is why it was important to us to get on board when CEPI issued their call. We hope others will join us and support this important mission.”