Follow the money. Soros and Gates buy Covid testing company | Beaufort County Now | More money than good sense

Coronavirus Disease 2019 (COVID-19)

Jack Phillips, writing at the EpochTimes.com reports:

A consortium backed by George Soros and Bill Gates has joined a buyout of Mologic, a COVID-19 testing company.

The Soros Economic Development Fund, an arm of Soros’ Open Society Foundations, confirmed in a July 19 statement that it has partnered with the Bill & Melinda Gates Foundation. The Soros–Gates collaboration is part of the Global Access Health initiative, which will invest “at least” $41.1 million in the project, according to the statement.

“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 statement reads, noting that the purchase is an attempt to “expand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturing” in developing countries.

Founded about two decades ago by the father-and-son team of Mark and Paul Davis, Mologic previously worked with Gates’s foundation, establishing the Advanced Rapid Diagnostics in 2016. Paul Davis is also known for creating the Clearblue pregnancy test in 1988, which, according to the company, is the first application of lateral flow technology.

“Mologic’s transition into a social enterprise is a deliberate, logical, and natural step for a company focused on delivering affordable diagnostics and biotechnology to places that have been left underserved by the relentless pursuit of profiteering,” said Mark Davis in a statement. “With the support of our shareholders, donors, and partners, we have come a long way. We believe we have the people and the skills required for the challenges and opportunities ahead. And we hope this unique transaction will be an example for others to follow.”

Previously, Soros’ Open Society’s funding efforts have been aimed at “building the capacity of community-based organizations to catalyze political engagement throughout the year and not solely around elections.” They feature coordination “with our anchor and core grantees, Democracy Alliance partners and other donors, and field leaders, such as Planned Parenthood, progressive labor, and other allies.”

Soros has also received blowback in the United States for providing funding to left-wing prosecutors and district attorneys, including controversial St. Louis Circuit Attorney Kim Gardner and Los Angeles District Attorney George Gascon, during their elections. Soros donated more than $2 million to Gascon’s campaign.

Other left-wing prosecutors he’s provided funding to include Chicago District Attorney Kim Foxx, Philadelphia District Attorney Larry Krasner, and Baltimore City state’s attorney Marilyn Mosby.

Gates earlier this month announced that his wife, Melinda, will resign from their foundation in two years if they can’t work together amid their divorce.


Go Back

HbAD0

Latest Op-Ed & Politics

The New York Times was forced to issue multiple, major corrections for an article published on Wednesday that falsely claimed 900,000 children had been hospitalized for COVID-19 since the start of the pandemic.
As a youth growing up in a United States of America that understood the pain of sacrifice, the remembrance of Pearl Harbor was an annual event.
If data from September regarding women and the economy becomes a trend, Joe Biden and the Democrats may have even more trouble in 2022 in the midterm elections.
With an ever-expanding federal government, the U.S. has fallen out of the top five countries for economic freedom, according to a new report from the Fraser Institute.
Fauci ‘sabotaged early treatment'

HbAD1

A city’s supposed attempt to make faces on a mural not “specifically identifiable” ended up depicting a black firefighter as white, and now she’s suing for defamation and negligence.
Many North Carolinians breathed a sigh of relief last week when the GOP-led legislature and Democratic Gov. Roy Cooper came to terms on a budget for the new biennium.
The North Carolina Court of Appeals on Monday morning issued an order temporarily suspending candidate filing for all U.S House of Representatives, N.C. Senate, and N.C. House contests.
Given the enormity of the public and private investment in US higher education, of course we should evaluate its effectiveness. But, how?
Ana Kasparian, a cohost of the popular progressive online news show “The Young Turks,” offered a strong defense of her debate with Daily Wire editor emeritus Ben Shapiro this week, calling out the Left for “platform scolding.”
Having trouble getting a hair appointment or other services? There are three bills sitting in the Senate Rules Committee that sponsors say would loosen bureaucratic red tape for some small service businesses.

HbAD2

 
Back to Top