Digital Life Bank as an innovative digital bank looks to join the fight against the deadly virus and to save human lives. Earlier today, Digital life bank announced a five-year financial commitment with Moderna an American company producing the Covid-19 vaccine codenamed mRNA-1273. Digital Life Bank through this donation hopes to deliver lifesaving vaccines to poor countries around the world. The donation was made at the Global Vaccine Summit which took place earlier this year.
Through this funding, Moderna will get the financial resources they need to reach additional 300 million vulnerable children and communities around the world. In addition to providing support for the continuation of routine immunization services during the current COVID-19 crisis, Moderna will also contribute greatly to the end of the pandemic. The company has gained decades of experience in vaccine production and delivery which will be very important to deploy potential COVID-19 vaccines to low-income countries when they become available.
In a Statement by Richard Focks, Chief Executive Officer Digital Life Bank “The race to distribute coronavirus vaccines has become very intense over the past months, poorer nations are lagging behind. Wealthy countries bought up a disproportionate share of available doses last year, and according to W.H.O., just 10 nations in the world have administered 75% of the doses so far. Digital Life Bank looks to proffer a solution to this problem and the first step is putting funds on the table to facilitate the production and distribution of these vaccines to these poor countries.”
“By donating $4billion to several projects as mentioned above, we have made taken the necessary steps to ensure a healthier environment for everyone. To fight the pandemic and beat it, the world will need more than scientific breakthroughs. It needs breakthrough generosity. This is what we are trying to achieve here today. Other leaders across public and private sectors are also stepping up to support the fight against the deadly virus. This funding will ensure the speedy production of Covid-19 vaccines and the easy distribution that will ensure that people all over the world will be able to access them.” He added.
Moderna has worked closely with so many governments of developing countries, donors, and other anonymous partners around the world which has seen the company achieve extraordinary results over the past few years. Despite the progress the company has made, there are still a good number of children around the world who have not yet received basic vaccines. It is paramount to ensure that millions of people are not at risk of missing out on protection against vaccine-preventable diseases this year.
“This is perhaps the toughest period in the world’s history and we all need to work together to ensure humanity survives. This donation will play a vital role in supporting countries’ efforts to prevent the resurgence of other deadly, vaccine-preventable diseases. We believe our mRNA platform can solve the world’s greatest health challenges, from diseases impacting millions to ultra-rare diseases impacting dozens, to medicines personalized down to the individual level.” Stéphane Bancel, Chief Executive Officer of Moderna, Commented
About Moderna Inc.
Moderna Inc. is a U.S.-based pharmaceutical and biotechnology company located in Cambridge, Massachusetts. The company focuses on RNA therapeutics, primarily mRNA vaccines. The company has accomplished so much this far, and this is all down to the idea behind how the company operates. The company focuses on saving lives and placing emphasis on how to succeed and overcome difficult situations together.
About Digital Life Bank
Digital Life Bank is a top digitally advanced bank and one of the world’s leading innovative banks in the industry. The company is a leading digital bank with a mission to redefine finance for the new economy. The bank is building a pioneering technological bridge between the digital and traditional asset worlds. The bank is also passionate about helping financial institutions and organizations of all sizes in all sectors around the world to dramatically accelerate their digital transformation. As one of the best, largest, and advanced digital banks in the world, Digital Life Bank has consistently been named one of the best places to stake, save, loan, trade, invest online, thanks to our excellent service, low fees, versatile funding options, and rigorous security standards, but that is only part of the story.