AstraZeneca reaches 2bn capacity for coronavirus vaccine doses, receives more funds from Bill Gates’ organisation

AstraZeneca PLC has doubled capacity to 2bn doses of coronavirus (COVID-19) vaccine after fresh funding from Bill Gates’ organisation.

Late on Thursday, the FTSE 100-listed firm signed a US$750mln deal with global vaccine organisations CEPI (part of the Bill & Melinda Gates Foundation) and Gavi to deliver 300mln doses at the end of the year.

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It also reached a licensing agreement with the Serum Institute of India to supply 1bn doses for low-and-middle-income countries.