!-- 634c7aa55dca3b282b7c80846a1dd8060284ae7f -->

Bill Gates says that a COVID vaccine manufacturer he supported can produce 200 million doses by June

SK Bioscience, the South Korean pharmaceutical company backed by Bill Gates, may be able to produce 200 million coronavirus vaccine sets by June, said Microsoft Corp. co-founder. in a letter to South Korean President Moon Jae-in.

Gates aims to work closely with South Korea, the presidential office in Seoul said Sunday, citing the July 20 letter, without going into further detail about what it said.

The foundation of the American billionaire gave $ 3.6 million in May to SK Bioscience to accelerate the development of COVID-19 vaccines. In addition to working on its own vaccine candidates, the company is also one of the contract manufacturers selected by AstraZeneca Plc to make its vaccine. The company declined to comment on Monday.

Subscribe to Eastworld for a weekly insight into what dominates business in Asia, delivered to your inbox for free.

The Astrazeneca vaccine, developed with the University of Oxford, is in the third and final stages of human testing and is one of the leaders in the global immunization race.

SK Chemicals’ share, which holds a 98% stake in SK Bioscience, rose as much as 25% on Monday on the company’s ability to make vaccines.

Hundreds of vaccines are being developed around the world to immunize against COVID-19, as it is becoming increasingly apparent that countries cannot safely reopen their economies and return to normal lives. A handful of vaccines, including the AstraZeneca-Oxford one and two from China, are in the final testing phase, raising hopes of an injection before the end of the year.

You should read more international coverage from Fortune:

  • Microsoft may face EU antitrust law if Slack complains about team pooling
  • 6 ways TikTok combats political surveillance – and a potential ban – in the U.S.
  • Why the world’s most valuable unicorn shuns an American IPO
  • Taxi drivers want to know what Uber’s algorithms know, and are willing to invoke EU privacy law to find out
  • No one tried to protect the Brexit referendum in the UK from Russian interference, long-awaited reports show

.