George Soros and Bill Gates Join Forces to Buy COVID Test Company for $41M
Global Access Health aims to expand the rollout saving medical technology
George Soros and Bill Gates are part of a consortium that is preparing to buy a U.K.-based manufacturer of Covid tests as part of an effort to expand access to “affordable state-of-the-art medical technology” around the globe.
Both the Bill & Melinda Gates Foundation and the Soros Economic Development Fund announced a new initiative, Global Access Health (GAH), which aims to expand the rollout saving medical technology, which is best known for deep-nostril technology for rapid coronavirus tests.
The lateral flow tests offer early-warning screening for the coronavirus and have been used in part for reopening parts of the world.
The tests give an early warning result for a-symptomatic people.
The lateral flow Covid tests need an additional test before the diagnosis of COVID-19.
The GAH consortium, which includes George Soros and Gates,' will plow $41 million in this deal, the statement revealed.
Soros and Gates seek to expand their philanthropic efforts to the global south, such as Latin America, Asia, Africa, and Oceania.
The CEO of the Soros fund, Sean Hinton, said the pandemic has “painfully demonstrated the fundamental inequities” in public health worldwide. Adding the “unique transaction” has brought billionaire investors together to address the so-called issue.
Public health expert from Soros’ Open Society Foundations, Roxana Bonnell, said:
“As we have seen during the Covid-19 pandemic, access to testing is absolutely essential when it comes to containing the spread of contagious disease—an issue that ultimately affects us all.”
As reported earlier this month by Market Research Telecast, a group of charities has pledged this week to invest £ 93.5 million ($ 130 million) in causes that will be deprived of British funds this year.
Hungary: George Soros is Dividing Society to Take Power Away from Citizens— Neon Nettle (@NeonNettle) September 22, 2020
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Interim funding will be allocated to developing countries such as Bangladesh, Ethiopia, Kenya, Malawi, Mozambique, Nepal, Nigeria, Sudan, South Sudan, Tanzania, Uganda, and Zambia for disease treatment programs and offer contraceptives measures.
Critics say the billionaires’ intervention is an attempt at self-promotion and an effort to privatize politics.
“[Es la] privatization of foreign aid when Gates steps in to fill the void “, commented financial journalist Paul Lewis.