Bill Gates congratulates LG Chem for polio vaccine development
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LG Chem has received a grant totaling $57.6 million from the Bill & Melinda Gates Foundation since 2017 for its Sabin Inactivated Polio Virus (IPV) candidate, Eupolio.
Shin Hak-cheol, vice chairman of LG Chem, shared the letter in the company’s latest internal newsletter.
“We deeply appreciate our commitment to our common goal of solving polio disease and our efforts to provide a polio vaccine to people in need around the world,” Gates wrote. “It will play a key role in eradicating polio infection as an important technology that can expand supply to 185 million doses.”
“The Eufolio, which has been approved by the World Health Organization (WHO), is a very important milestone not only in solving global children’s public health issues, but also in the partnership between LG Chem and the Bill & Melinda Gates Foundation. We look forward to continuing the same development as this polio vaccine,” Gates added.
In December, LG Chem became the first company in the world to receive pre-qualification approval from the WHO to supply Sabin IPV to international aid organizations.
It signed a $80 million supply deal with UNICEF and will be responsible for providing 20 percent of the organization’s total supplies. The vaccine would be distributed to 70 countries starting next month.
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