Shot of a young scientist conducting an experiment in a laboratory
Global food company Nestlé has announced its support towards Coalition for Epidemic Preparedness Innovations’ (CEPI) efforts to find a vaccine against COVID-19, through a donation of $1.03 million. CEPI is playing an important role in funding and speeding up the development of COVID-19 vaccine candidates on a global basis, which is crucial to end the pandemic and to save lives and livelihoods.
CEPI is an innovative global partnership between public, private, philanthropic and civil society organisations launched in Davos in 2017 to develop vaccines to stop future epidemics.
Currently, CEPI is working quickly and collaboratively with the ambition to develop a safe, effective and globally accessible COVID-19 vaccine within 12-18 months’ timeframe. They have already raised over $1 billion from governments, private donors and individuals around the world, but need further funding to reach their goal of $2 billion to allow their COVID-19 programmes to continue at pace.
“The COVID-19 pandemic has created a lot of pain and hardship in communities around the world. A safe and effective vaccine will be needed to return to normality. That is why it was important to us to get on board when CEPI issued their call. We hope others will join us and support this important mission,” said Mark Schneider, CEO, Nestlé.
“It will take a monumental effort to tackle this virus, but through global cooperation and financial contributions towards the COVID-19 response, businesses can play their part in helping to change the course of this devastating pandemic,” added Dr Richard Hatchett, CEO, CEPI. “We are grateful for Nestlé’s leadership in supporting our efforts to rapidly develop a safe, effective and globally accessible vaccine against COVID-19. At this pivotal moment in time, we call on other businesses to follow Nestlé’s initiative and provide the vital support necessary to get our lives, society and economies back on track.”
For all the latest retail news from the Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
/ 
For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
/ 
Why cinemas, wellness sanctuaries and cultural districts are becoming emotional infrastructure for
From bullion to boutiques, investment to immersion, Dubai Gold District marks a
As lives accelerate and time fragments, shoppers no longer separate “eating” from
The Inspired Home Show 2025 concluded with positive momentum, reinforcing its position
NRF Vice President of Education Strategy Susan Reda forecasts 2025’s retail trends
64 global leaders in retail will share their insights on shaping the
NRF 2025: Discussing biometrics, computer vision and more with leaders from H&M,
The Dubai Duty Free (DDF) has recorded sales of $1.94 billion up
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Previous Article
