$100M for AIDS – Yahoo! pledges $5M

The Bill and Melinda Gates Foundation has agreed to give $100 million to find an AIDS vaccine, the Associated Press reported Jan. 27.

Announcing the pledge at the World Economic Forum in Davos, Switzerland, Microsoft billionaire Bill Gates challenged the rich and powerful to help as well.

Yahoo! promised to contribute $5 million over three years, making it the first corporate sponsor of the International AIDS Vaccine Initiative.

The Gates Foundation gift runs from 2002 to 2006. During that time, the initiative hopes 25 possible vaccines will be introduced into development and  comparison trials.

Dr. Seth Berkley, who heads the initiative, said the first vaccine candidate designed specifically for Africa will begin clinical trials in Nairobi soon after winning approval from the government of Kenya.

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