Share:The billionaires are close to buying a company which has managed to develop a 10-minute COVID-19 test that it aims to make for as little as $1. Microsoft founder and philanthropist Bill Gates is believed to have teamed up with George Soros and his Economic Development Fund in a deal to buy Mologic, a UK-based company which has developed a 10-minute coronavirus test, The Telegraph writes. Their consortium will reportedly invest nearly £30 mln into Mologic to focus on development of the low-cost tests for tropical diseases such as dengue fever and river blindness. Founded in 2003, the company is currently owned by Foresight Group LLP and Calculus Capital. Although the company has received a CE mark (Conformité Européenne) for its tests, they have yet to be approved for use in the UK or the US.

Source: The Nation July 19, 2021 09:33 UTC