Bill Gates- and George Soros-Backed Organization Buys Out COVID-19 Testing Company

The Epoch Times

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 Sorosโ€™ Open Society Foundations, confirmed in a July 19 statement that it has partnered with the Bill & Melinda Gates Foundation. The Sorosโ€“Gates collaboration is part of the Global Access Health initiative, which will invest โ€œat leastโ€ $41.1 million in the project, according to the statement.

โ€œThe 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,โ€ the statement reads, noting that the purchase is an attempt to โ€œexpand access to affordable state-of-the-art medical technology through decentralized research, development, and manufacturingโ€ in developing countries.

Founded about two decades ago by the father-and-son team of Mark and Paul Davis, Mologic previously worked with Gatesโ€™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.

โ€œMologicโ€™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,โ€ said Mark Davis in a statement. โ€œWith 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.โ€

Previously, Sorosโ€™ Open Societyโ€™s funding efforts have been aimed at โ€œbuilding the capacity of community-based organizations to catalyze political engagement throughout the year and not solely around elections.โ€ They feature coordination โ€œwith our anchor and core grantees, Democracy Alliance partners and other donors, and field leaders, such as Planned Parenthood, progressive labor, and other allies.โ€

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 Gasconโ€™s campaign.

Other left-wing prosecutors heโ€™s provided funding to include Chicago District Attorney Kim Foxx, Philadelphia District Attorney Larry Krasner, and Baltimore City stateโ€™s attorney Marilyn Mosby.

Gates earlier this month announced that his wife, Melinda, will resign from their foundation in two years if they canโ€™t work together amid their divorce.

BYย JACK PHILLIPS

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

Viewers like you

There is no constitutional authority for any spending on public broadcasting โ€“ period. Any questions: See Article 1, Section 8 of the U.S. Constitution.

Beyond the Trump-Musk fallout?

We are witnessing an unprecedented, unhinged Democrat effort to use lawfare, big Democrat donors, street theater, congressional disruptions, potty-mouth videos, the administrative state, the legacy media, and discredited pollsters to stop the Trump agenda.

Trans-wormal

No worm ever said "I am anthropomorphizing, I am a butterfly" to a toad or flock of geese and expected acknowledgement and support.

In Greenlandโ€™s Icy Capital, Past Troubles Haunt Hopes for the Future

As geopolitical realities and ongoing economic growth raise the stakes, U.S. interest in Greenland and the dream of independence may change things in a big way.

How a Chinese Government Statistician Was Forced to Report Fake Data

Chinese local govt employee produced a non-authorized report on bees and was visited by police and threatened with being sent to a mental hospital.

News

Supreme Court Sides With DOGE in Social Security, Records Cases

The Supreme Court handed DOGE two big wins late on June 6 in its effort to reduce the size of the federal government.

Kilmar Abrego Garcia Returns to US to Face Criminal Charges

Kilmar Abrego Garcia, a citizen of El Salvador, is on his way back to the US, where he will face criminal charges for allegedly smuggling illegal immigrants.

White House Adviser Gives Update on DOGEโ€™s Future Amid Muskโ€“Trump Spat

A top White House adviser said DOGEโ€™s work will likely continue amid a spat between its former chief, Elon Musk, and President Donald Trump.

Trump Administration Asks Supreme Court to Allow Dismantling of Education Department

Trump admin asked Supreme Court to allow it to resume dismantling U.S. Dept of Education, following a lower courtโ€™s previous order halting process.

FTC Warns of Rising Student Loan Scams, Says Fraudsters Took Millions From Borrowers

FTC is warning borrowers to steer clear of student loan debt-relief scams, after shutting down group of companies that allegedly charged millions in illegal fees and left customers worse off.

Walmartโ€™s Drone Delivery Coming to 5 More US Cities

Walmart is set to launch its drone delivery service in five more U.S. cities: Atlanta, Charlotte, Houston, Orlando, and Tampa, the company.

Court Orders Trump Administration to Restore AmeriCorps Funding to States

Federal court ordered Trump admin to restore AmeriCorps funding to states. The ruling comes as part of a lawsuit filed by 24 states and DC.

Tax Deductions You Can Take Without Itemizing

Itโ€™s not always beneficial to itemize. With IRSโ€™s current standard deduction for 2025 most Americans who canโ€™t itemize go with standard deduction.
spot_img

Related Articles