Eu Raises $8 Billion For Coronavirus Vaccine
Japan has pledged about $234 million dollars towards the development of a coronavirus vaccine.
The funds are set to be channeled through the Coalition for Epidemic Preparedness, or CEPI, and other groups.
Prime Minister Abe Shinzo made the pledge during a video message on Monday to a fundraising event led by the European Union.
Other world leaders pledged billions of dollars.
The EU reports there are more than 70 vaccines in development around the world, but only a few have advanced to clinical trials.
A total of about $8 billion was promised by more than 30 countries and territories, including Japan, Canada and Saudi Arabia, on the first day of the pledging event.
European Commission President Ursula von der Leyen thanked donors for their support. She warned that this is only the beginning of the global fight against coronavirus, which requires a sustained effort.
