(FOX NEWS) — The Bill and Melinda Gates Foundation is teaming up with an Indian lab to develop an affordable coronavirus vaccine.
Serum Institute of India says it will produce up to 100-million COVID-19 vaccine doses for India and low and middle-income countries as early as 2021.
The announcement comes following a deal between SII, the Vaccine Alliance Gavi, and the bill and Melinda Gates Foundation.
Once developed the potential vaccine is expected to sell for $3-dollars a shot making it a cheaper alternative for developing countries.
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