Bill Gates and George Soros buy UK COVID test maker

[mountaineer]

Bill Gates and George Soros buy UK COVID test maker
The duo are named among others who gathered together to buy Mologic for $41 million USD.
 Jul 20, 2021 7:04 PM EST

Soros and Gates are a pair of billionaires who both share the goal of bringing more affordable testing for diseases, including COVID, to other parts of the world.

According to Forbes, the Soros Economic Development Fund and the Bill & Melinda Gates Foundations have teamed up to buy a UK developer of COVID tests. The company named Mologic will be renamed Global Access Health as part of the acquisition.

While it’s said other philanthropists are involved in the deal, Gates is named along Soros as leading the charge, buying Mologic for $41 million USD.

For the part of Gates' investment Mologic has a history. Back in 2016 the foundation gave the company a grant to fund “lowering the cost of rapid-delivery healthcare.” ... The Post Millennial

[mystery-ak]

Bill Gates and George Soros, two far-left ultra-elite globalist billionaires, have teamed together to dominate and profit from the Covid-19 industry.

The discreet launch of a new initiative that brings together a George Soros organization and the Bill and Melinda Gates Foundation should send shivers down the spines of everyone who knows how terrible these two men are.

According to the release posted on the Open Societies website:

NEW YORK/LONDON—A group of philanthropic funds and investors led by the Soros Economic Development Fund (SEDF), with support from the Bill & Melinda Gates Foundation, is today announcing the launch of Global Access Health (GAH), a social enterprise that will seek to expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing in and for the Global South.

more
https://en-volve.com/2021/07/20/bill-gates-and-george-soros-have-quietly-join-forces-to-take-control-of-covid-19-industry/

[PeteS in CA]

$41M? Must be a rather small company. It doesn't have an article on W'pedia, so I can't find quick info on the company.

[PeteS in CA]

How much stock do they own in:

AbCellera?

AstraZeneca?

Gilead Sciences?

GlaxoSmithKline?

Inovio?

Johnson & Johnson?

Eli Lilly?

Medicago?

Merck?

Moderna?

Novavax?

Pfizer?

Regeneron?

Sanofi?

Vaxart?

To name just some US, Canadian, and European vaccines and pharmaceuticals companies with products for Covid. The only company named in this article is test maker Mologic, which was acquired for $41M. While $41M is big $$ to me personally, it means that Mologic is a small company, and if its Covid test is authorized for use in the US, it's one of some 311 molecular and antigen tests authorized for use in the US.

For all the bogey-hype of the article, owning a small test maker is not going to enable the eeee-vile Bogey-Soros and Bogey-Gates to dominate anything Covid. Whoever en-volve is, this article clearly plays conservatives' confirmation bias with ultra-hyped .

[thackney]

Mologic to become a ‘Social Enterprise’ after acquisition by social impact funders and investors
https://mologic.co.uk/mologic-to-become-a-social-enterprise-after-acquisition-by-social-impact-funders-and-investors/

A group of philanthropic funds and investors led by the Soros Economic Development Fund (SEDF), with support from the Bill & Melinda Gates Foundation, is today announcing the launch of Global Access Health (GAH), a social enterprise that will seek to expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing in and for the Global South.

The group has financed the acquisition of Mologic Ltd, a world leading innovator in the development of lateral flow and rapid diagnostic technologies including tests that can help combat tropical diseases such as dengue, bilharzia, and river blindness, as well as for COVID-19.

The members of GAH will invest at least £30 million ($41 million) in this deal....

[mountaineer]

Mologic to become a ‘Social Enterprise’ after acquisition by social impact funders and investors

What a bunch of true humanitarians. 

[Bigun]

What a bunch of true humanitarians. 

$$$$$$$

[PeteS in CA]

Ignoring the alarmist hype, it looks like Mologic will become Global Access Health's captive test developer/supplier (the latter plus or minus a few non-captive contract manufacturers). At most it will be a bit player in a huge marketplace; or its talent will bail out and move on. The latter seems more likely to me.