{"id":75644,"date":"2021-07-25T15:32:56","date_gmt":"2021-07-25T19:32:56","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=75644"},"modified":"2021-07-25T15:32:56","modified_gmt":"2021-07-25T19:32:56","slug":"soros-and-gates-buy-uk-company-that-produces-covid-tests","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=75644","title":{"rendered":"Soros and Gates Buy UK Company That Produces Covid Tests"},"content":{"rendered":"<h1>George Soros And Bill Gates\u2019 Backed Consortium To Buy U.K. Maker Of Covid Tests For $41 Million<\/h1>\n<p>David Dawkins | Forbes Staff<br \/>\n<!--more--><\/p>\n<div id=\"attachment_75646\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-75646\" class=\"size-full wp-image-75646\" src=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2021\/07\/https___specials-images.forbesimg.com_imageserve_60f57f63a5312b1fe4118157_960x0.jpg\" alt=\"\" width=\"960\" height=\"640\" srcset=\"https:\/\/stateofthenation.co\/wp-content\/uploads\/2021\/07\/https___specials-images.forbesimg.com_imageserve_60f57f63a5312b1fe4118157_960x0.jpg 960w, https:\/\/stateofthenation.co\/wp-content\/uploads\/2021\/07\/https___specials-images.forbesimg.com_imageserve_60f57f63a5312b1fe4118157_960x0-300x200.jpg 300w, https:\/\/stateofthenation.co\/wp-content\/uploads\/2021\/07\/https___specials-images.forbesimg.com_imageserve_60f57f63a5312b1fe4118157_960x0-768x512.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><p id=\"caption-attachment-75646\" class=\"wp-caption-text\">Soros and Gates will invest in testing technology to help stop the spread of the virus across the &#8230; [+] SYGMA VIA GETTY IMAGES<\/p><\/div>\n<div class=\"article-body-container show-iframes\">\n<div class=\"article-body fs-article fs-responsive-text current-article\">\n<p>Billionaires\u00a0<a class=\"color-link\" title=\"https:\/\/www.forbes.com\/profile\/george-soros\/?sh=4e8ecbf02024\" href=\"https:\/\/www.forbes.com\/profile\/george-soros\/?sh=4e8ecbf02024\" target=\"_self\" rel=\"noopener\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/profile\/george-soros\/?sh=4e8ecbf02024\" aria-label=\"George Soros\">George Soros<\/a>\u00a0and\u00a0<a class=\"color-link\" title=\"https:\/\/www.forbes.com\/profile\/bill-gates\/?sh=12bf28a2689f\" href=\"https:\/\/www.forbes.com\/profile\/bill-gates\/?sh=12bf28a2689f\" target=\"_self\" rel=\"noopener\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/profile\/bill-gates\/?sh=12bf28a2689f\" aria-label=\"Bill Gates\">Bill Gates<\/a>\u00a0are part of a consortium set to buy Mologic, a U.K.-based maker of Covid tests, in an effort to increase access to \u201caffordable state-of-the-art medical technology\u201d around the world, according to a statement released Monday.<\/p>\n<div class=\"article_paragraph_2\">\n<div class=\"tp-container-inner\"><iframe id=\"offer_70c0145ca8f049de2fd2-0\" title=\"offer_70c0145ca8f049de2fd2-0\" src=\"https:\/\/buy.tinypass.com\/checkout\/template\/cacheableShow?aid=Yj2fRrCPpu&amp;templateId=OT9FYBBDZVYG&amp;templateVariantId=OTV4LS2Y9Q4KY&amp;offerId=fakeOfferId&amp;experienceId=EXOY5X53D6L2&amp;iframeId=offer_70c0145ca8f049de2fd2-0&amp;displayMode=inline&amp;pianoIdUrl=https%3A%2F%2Fauth.forbes.com%2Fid%2F&amp;widget=template\" name=\"offer_70c0145ca8f049de2fd2-0\" frameborder=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>The Soros Economic Development Fund and the Bill &amp; Melinda Gates Foundation announced the launch of a new initiative, Global Access Health (GAH), aiming to strengthen the global rollout saving medical technology and the subsequent acquisition of Mologic Ltd, best known today for the deep-nostril technology used to deliver rapid Covid-19 tests. The technology can also be used to test for dengue, bilharzia and river blindness.<\/p>\n<p>The rapid so-called lateral flow tests offer an early-warning screening for Covid-19 and have been used around the world as an aid to help reopen shops, bars, sporting events and workplaces by giving an early warning result for people who may have no symptoms but are still infectious and can give the virus to others. In the U.K., lateral flow Covid tests need to be confirmed by a second test before Covid-19 is officially diagnosed.<\/p>\n<p>The GAH consortium, which includes Soros\u2019 and Gates\u2019 philanthropic arms, will invest \u201cat least\u201d $41 million in this deal, according to the statement.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>\u2018Unique Transaction\u2019<\/strong><\/h2>\n<p>Soros and Gates are part of the billionaire community looking to direct their philanthropic efforts to the so-called global south, referring broadly to the regions of Latin America, Asia, Africa and Oceania that many fear will be left behind as the more affluent West accelerates its program of vaccinations, testing and biosecure bubbles in the years ahead. Sean Hinton, the CEO of the Soros fund, said in a statement that the pandemic has \u201cpainfully demonstrated the fundamental inequities\u201d in global public health, adding that this \u201cunique transaction\u201d has brought philanthropic funds and investors together to address the issue.<\/p>\n<div class=\"recirc-module seo\" data-type=\"standard\" data-gtm-vis-first-on-screen-655684_1281=\"8002\" data-gtm-vis-total-visible-time-655684_1281=\"100\" data-gtm-vis-has-fired-655684_1281=\"1\">\n<div id=\"recirc-unit\" class=\"recirc-module-body\">\n<div class=\"recirc-module-title\">MORE FOR YOU<\/div>\n<div class=\"recirc-articles valerie-bot-stories\">\n<div class=\"recirc-block\">\n<h3 class=\"recirc-headline\" data-ga-track=\"Collaborative Filtering - Automated Recirc - Link 1\">Did You Get A Second Stimulus Check Today? Here\u2019s Why<\/h3>\n<\/div>\n<div class=\"recirc-block\">\n<h3 class=\"recirc-headline\" data-ga-track=\"Collaborative Filtering - Automated Recirc - Link 2\">Bob Swan, Former Intel CEO, Takes Lessons And \u2018Scar Tissue\u2019 To Andreessen Horowitz<\/h3>\n<\/div>\n<div class=\"recirc-block\">\n<h3 class=\"recirc-headline\" data-ga-track=\"Collaborative Filtering - Automated Recirc - Link 3\">Trump\u2019s Business Hauled In $2.4 Billion During Four Years He Served As President<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Roxana Bonnell, a public health expert from Soros\u2019 Open Society Foundations, which claims to be the world\u2019s largest private funder of human rights and social justice advocacy groups, said, \u201cAs we have seen during the Covid-19 pandemic, access to testing is absolutely essential when it comes to containing the spread of contagious disease\u2014an issue that ultimately affects us all.\u201d<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><strong>Mologic Flow<\/strong><\/h2>\n<p>Mologic was founded in 2003 as a for-profit medical research and innovation laboratory by CEO Mark Davis and his father, Paul Davis, who is Mologic\u2019s chief scientific officer. Paul Davis is also known as the inventor of another world-famous medical technology: the Clearblue pregnancy test, which first launched in 1988. The pregnancy test was the world\u2019s first commercial application of lateral flow technology, the company claims.<\/p>\n<p>Mologic has worked with Gates\u2019 philanthropic arm in the past. In 2016, Mologic established the Center for Advanced Rapid Diagnostics (CARD) with the backing of a grant from the Bill &amp; Melinda Gates Foundation, focusing on lowering the cost of rapid-delivery healthcare.<\/p>\n<p>On Sunday, London\u2019s\u00a0<a class=\"color-link\" title=\"https:\/\/www.ft.com\/content\/fa4f248a-a476-491d-a5ce-f128360e9f24\" href=\"https:\/\/www.ft.com\/content\/fa4f248a-a476-491d-a5ce-f128360e9f24\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/www.ft.com\/content\/fa4f248a-a476-491d-a5ce-f128360e9f24\" aria-label=\"Financial Times\"><em data-ga-track=\"ExternalLink:https:\/\/www.ft.com\/content\/fa4f248a-a476-491d-a5ce-f128360e9f24\">Financial Times<\/em><\/a><em>\u00a0<\/em>reported on the threat of the Delta variant in countries like South Africa, where the variant now accounts for around 95% of cases in a country that has less than 3% of people vaccinated. Meanwhile the U.S. and Europe have made big strides in vaccinating their populations and significantly reducing the likelihood of hospitalization or severe symptoms following a positive Covid-19 test.<\/p>\n<p>The World Health Organization reported last week that Africa had recorded a 43% week-on-week rise in Covid-19 deaths, adding that only 18 million people in Africa are fully vaccinated, representing 1.5% of the continent\u2019s population.<\/p>\n<p>Another surge of infections is likely coming. Fatima Hassan, founder of South Africa\u2019s Health Justice Initiative, tweeted on Sunday: \u201cWe need more supplies, and fast.\u201d<\/p>\n<\/div>\n<\/div>\n<p>___<br \/>\n<a href=\"https:\/\/www.forbes.com\/sites\/daviddawkins\/2021\/07\/19\/george-soros-and-bill-gates-backed-consortium-to-buy-uk-maker-of-covid-lateral-flow-tests-for-41-million\/?sh=2a0073312687\">https:\/\/www.forbes.com\/sites\/daviddawkins\/2021\/07\/19\/george-soros-and-bill-gates-backed-consortium-to-buy-uk-maker-of-covid-lateral-flow-tests-for-41-million\/?sh=2a0073312687<\/a><\/p>\n<div class=\"article-body-container show-iframes\">\n<div class=\"article-body fs-article fs-responsive-text current-article\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>George Soros And Bill Gates\u2019 Backed Consortium To Buy U.K. Maker Of Covid Tests For $41 Million David Dawkins | Forbes Staff<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-75644","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/75644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75644"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/75644\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}