FNR coordinates Luxembourg’s €800,000 participation in the philanthropic initiative COVID-19 Therapeutics Accelerator.
The COVID-19 Therapeutics Accelerator (CTA) is a philanthropic collaboration supporting efforts to research, develop and bring effective treatments against COVID-19 to market quickly and ensure equitable access to such treatments.
This initiative is designed to coordinate R&D efforts, remove obstacles to drug development and intensify treatments to fight the pandemic. It is coordinated by three philanthropic organisations, the Bill & Melinda Gates Foundation, Wellcome Trust, and the Mastercard Impact Fund.
Earlier this year, FNR had already committed 800.000 EUR as Luxembourg’s contribution to the Coalition for Epidemic Preparedness (CEPI), a Norway-based global partnership that coordinates the funding of independent research projects to develop vaccines against emerging infectious diseases.
Through FNR’s participation in these two global initiatives recommended by the WHO, Luxembourg contributes to the worldwide efforts to accelerate the development, production, and equitable access to COVID-19 treatments and vaccines.