A consortium of investors led by the Soros Economic Development Fund (SEDF) and the Bill & Melinda Gates Foundation are buying UK-based COVID testing company, Mologic, which has developed a 10-minute coronavirus test - and is best known for its deep-nostril swab test for the virus.
According to Forbes, citing a Monday press release, the buyout was done to increase access to "affordable state-of-the-art medical technology" via a rapid 'lateral flow' test, which offers an early-warning screening for Covid-19, as negative tests are going to be increasingly required to go back to 'normal life' - along with one's vaccine passport of course.
The Gates-Soros collaboration is part of a new initiative, Global Access Health (GAH), which will invest "at least" $41 million in the deal, according to the statement. The transaction will feature a buyout of all Mologic's existing shares - including investments held by Foresight Group LLP and Calculus Capital.
This isn't the first time Gates and Soros have 'collaborated.' In 2015, a Jeffrey Epstein-funded think tank, the International Peace Institute, hosted a "Preparing for Pandemics" conference in Geneva - with senior officials from the Gates Foundation, Open Society, WHO, CDC, Red Cross and Pasteur Institute in attendance.
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