COVID 19 or Coronavirus which has become the pseudonym for the destruction of humanity in the last year has devastated human life and caused casualties of huge proportion with well over a million lives lost. Due to the incessant and intermittent lockdowns, economic activities have come to a complete standstill.
Each and every trading activity in the form of business dealings and physical exchange of goods and services have been terminated with millions of dollars worth of goods lost due to inadequate operating storage facilities. The virus which had its inception from a food market in Wuhan has spread to every nook and corner of the world affecting economies and causing large-scale disruption in business activities.
In the midst of such chaos and turmoil Bill and Melinda Gates Foundation, one of the biggest corporate organizations in the world today, the parent company of Microsoft has decided to ensure that the vaccine produced during this tenure is firstly effective and secondly accessible to the people who are truly in need of it and have already suffered a tremendous loss due to the impending impacts of the virus.
They have initiated research surveys with some of the top pharmaceutical companies in the world like AstraZeneca and Johnson and Johnson and expect to make the vaccine available to everyone who can afford it at a fairly reasonable price. The organization has taken some of the following measures in order to eradicate the phenomenon of Coronavirus and ensure that a proper respite is available with the lessening of the impact of the disease.
Innovative medication for Patients- Bill and Melinda Gates Foundation has promised that they would be employing expert professionals from the field of pharmaceuticals, therapeutics, and medicine to ensure that constant research work takes place and newer medicines are invented on a daily basis.
The clinical trials of such medications innovated and discovered by the organizations would be imperative if the company tries to ensure its efficacy and make it a worthwhile product for consumption by the firms and the household users.
Bill and Melinda Gates Foundation has also taken the oath to ensure that the vaccine produced by the engineers and the biological experts entrusted with the responsibility would be prioritizing safety before anything else. Thus, the vaccine produced would be made to pass through a variety of stages in the clinical trials process. If it is found that the vaccine is leading to the generation of a degenerative tendency and irregularity in medicine impact, then the vaccine can be discarded on an immediate basis and the problems surrounding its characteristics can be identified.
Efficient Availability of the Medication- The process of innovating or creating a vaccine would be a time-consuming process that would take extensive human trials in separate batches to find out if a particular medication is solving the needs that a particular patient demands. However, if during the evaluation of the efficacy of the vaccine, minor defaults are found in the healing capacity of the medication, then it will prove to be ineffective and won't be of much use to the people who are intaking that particular medication.
Moreover, it is also extremely crucial to understand that the timely availability of the vaccine and making it accessible to the public is equally important. Thus, Bill and Melinda Gates Foundation in partnership with the Covax agreement would be enhancing its distribution channel so that the vaccine becomes available for regular human use after a considerable period of time.
More production technologies would be put into force in order to speed up the production and manufacturing process. Bigger machinery featuring complex operative technologies would be employed in order to ensure economies of scale and also look towards cost minimization. More retail and distribution channels are being established on a daily basis so that the selling framework can be put up in a proper manner and a better structure in regard to the purchase and sale of the vaccine can be created.
Economical Cost Structure of the Vaccine- Another important factor that is being kept in mind while preparing the vaccine is that it must be within the affordability range of the common public. The majority of the people who would be requiring the vaccine would be the middle-income people with average income strata and a propensity to consume only the required items.
Thus while preparing the vaccine, it is imperative that the cost of purchasing the vaccine is kept at a minimum level, so that it can be consumed with relative ease and it is consumed in a moderate dose according to the requirement of the patient or the person who has contracted the virus.
The biggest initiative taken by Bill and Melinda Gates Foundation is the promise they have made that each and every person in the world would be able to afford the vaccine whenever required. The vaccine accessibility process will not take into consideration the profit motive behind the sale and purchase of the vaccine. Without any monetary incentive involved, this will be a philanthropic gesture on part of the Bill and Melinda Gates Foundation.
Thus, Bill and Melinda Gates Foundation in association with some of the biggest pharmaceutical companies in the world like AstraZeneca and Bayer have decided to launch the vaccine launch programs and would be taking innovative initiatives to export the vaccines to the market and make them accessible to the general public.
The foundation would be working with added zeal and enthusiasm to launch and transport the vaccine as quickly as possible and make it available to the general and common public for extensive usage. A global connectivity chain would be established to identify the areas and problems in the distribution channel and then the vaccine would be transported through those channels to the retailers and pharmacists from whom one can purchase the vaccine.