Bill Gates is funding new factories for 7 potential coronavirus vaccines, even though it will waste billions of dollars

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Bill Gates is funding new factories for 7 potential coronavirus vaccines, even though it will waste billions of dollars
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Bill Gates had previously said a coronavirus vaccine could be developed in 18 months.

Bill Gates is plugging money into building factories for seven promising coronavirus vaccine candidates, even though it will mean wasting billions of dollars.

"Because our foundation has such deep expertise in infectious diseases, we've thought about the epidemic, we did fund some things to be more prepared, like a vaccine effort," Gates said."Our early money can accelerate things." Gates said that simultaneously testing and building manufacturing capacity is essential to the quick development of a vaccine, which Gates thinks could take about 18 months.

"It'll be a few billion dollars we'll waste on manufacturing for the constructs that don't get picked because something else is better," Gates said in the clip."But a few billion in this, the situation we're in, where there's trillions of dollars ... being lost economically, it is worth it."

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