Does Bill Gates own Pfizer Inc? There may be light at the end of 2020, as Pfizer Inc. announced they may have a possible Coronavirus vaccine ready soon. But why is Bill Gates trending together with this news?
The news the world needed to hear just came from pharmaceutical company Pfizer: their COVID-19 vaccine reportedly had 90% efficacy, meaning that it may be ready to distribute by the start of 2021.
In an update on the company’s website, Albert Bourla, the chairman of Pfizer, confirmed that, though they are the closest to a viable vaccine, it still can not be distributed immediately. Apparently, its reported 90% efficacy is not enough to apply for the FDA Emergency Use Authorisation.
Bill Gates’ relationship with Pfizer Inc.
In September, tech tycoon Bill Gates told CNBC he believed none of the developing vaccines would be ready by October, but he did highlight that Pfizer was the closest.
Gates’s statement left people wondering whether the Microsoft founder had any ties to Pfizer Inc.
Bill and his wife Melinda have been involved in philanthropy since creating The Bill & Melinda Gates Foundation.
In March, the Foundation revealed they were collaborating with several companies to speed up the development of a COVID-19 vaccine, and Pfizer Inc. was speculated to be among those names.
Does Bill Gates own Pfizer Inc.?
No, Bill Gates does not own Pfizer Inc. However, in recent years, The Gates Foundation has given multi-million dollar grants to Pfizer for research purposes and Bill Gates allegedly owns stock in the company.