Bill and Melinda Gates at the Lincoln Center in September 2018. Photo: Ludovic Marin/AFP via Getty Images

The Bill and Melinda Gates Foundation is putting $150 million into an effort to distribute coronavirus vaccines to low-income countries in 2021, global vaccination alliance Gavi announced on Friday.

Why it matters: Poorer countries have been most affected by the pandemic's disruption for noncommunicable diseases, the World Health Organization reports. Even in wealthy countries like the U.S., low-income people are among the most likely to become seriously ill if infected with the virus, along with minority populations.

Details: The foundation's $150 million will be used by the Serum Institute of India (SII) to create potential vaccine candidates — which are projected to cost $3 at most — and distribute them to poorer countries.

  • SII has pledged to deliver at least 100 million COVID-19 vaccines in 2021.

Go deeper: Gates Foundation will focus "total attention" on coronavirus

Go deeper

The childless vaccine

Illustration: Eniola Odetunde/Axios

It'll likely be a long time before children are vaccinated against COVID-19, even though vaccinating kids could eventually play an integral role in reducing the virus' spread.

The big picture: None of the leading contenders in the U.S. are being tested for their effectiveness in children. Even once one of them gains authorization from the Food and Drug Administration, there will only be a limited number of available doses.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 33,362,341 — Total deaths: 1,001,800 — Total recoveries: 23,153,572Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 7,149,073 — Total deaths: 205,069 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.
Updated Sep 28, 2020 - Health

World coronavirus updates

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Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

India became on Monday the second country after the U.S. to surpass 6 million cases.

By the numbers: Globally, nearly 997,800 people have died from COVID-19 and over 33 million have tested positive, Johns Hopkins data shows.