Bill Gates and George Soros Reportedly Team up for Buyout of UK Coronavirus Testing Company
© AP Photo / Dar YasinNasal swab samples collected from suspected COVID -19 patients are seen inside a container before conducting COVID-19 RT-PCR Test in Srinagar, Indian-controlled Kashmir, 11 November 2020
© AP Photo / Dar Yasin
The billionaires are close to buying a company which has managed to develop a 10-minute COVID-19 test that it aims to make for as little as $1.
Microsoft founder and philanthropist Bill Gates is believed to have teamed up with George Soros and his Economic Development Fund in a deal to buy Mologic, a UK-based company which has developed a 10-minute coronavirus test, The Telegraph writes.
12 July 2021, 19:20 GMT
Although the company has received a CE mark (Conformité Européenne) for its tests, they have yet to be approved for use in the UK or the US. Mologic was earlier given £1 mln by the UK government to develop its tests, but has accused the authorities of "stonewalling" its efforts to get the test used en mass in the country.
British media earlier reported that a group of philanthropists, including Gates and Soros, will offset the fallout from the UK government’s decision to reduce this year's spending on overseas aid from 0.7 percent of national income to 0.5 percent.