Chan Zuckerberg Initiative commits $25 million to a fund researching COVID-19 treatments

Photo by Johannes Simon/Getty Images

The Chan Zuckerberg Initiative (CZI), Facebook CEO Mark Zuckerberg’s philanthropic arm, has committed $25 million to a research fund designed to help identify and develop treatments for the disease caused by the novel coronavirus, it announced today.

CZI, managed by Zuckerberg and his wife Priscilla Chan, is donating to the COVID-19 Therapeutics Accelerator, which will help coordinate research efforts to identify new drugs and treatments for the illness. The Accelerator is already backed by $125 million in commitments from the Bill & Melinda Gates Foundation, health foundation Wellcome, and Mastercard’s Impact Fund, according a March 10th press release.

The Gates Foundation has committed up to $50 million

CZI says it will provide $20...

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