It has also been suggested that it might take between 12-24 months before a vaccine is found.
Pledges by more than 50 countries and individuals like billionaire philanthropist Bill Gates saw the total surpass an initial target of $7.4bn (almost £6bn).
The Vaccine Alliance, backed by the Bill & Melinda Gates Foundation kicked off its operations in 2000 to improve access to new and underused vaccines for children living in the world's poorest countries.
Gavi and its partners will also launch a financing drive to purchase potential COVID-19 vaccines, scale-up their production and support delivery to developing nations.
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Store closing sales will begin at the 154 locations the week of June 12th and are expected to last from 10 to 16 weeks. Sephora, an internationally known beauty and skin care products chain, opened a location inside the Westdale J.C.
Britain's Prime Minister Boris Johnson hosted the Global Vaccine Summit online raising pledges of $8.8 billion.
The Summit under the auspices of Gavi, a public-private global health partnership with the goal of increasing access to immunization in poor countries, will see the world leaders pledge their support to the Vaccine Alliance, to protect close to 300 million more children against infectious diseases like measles, typhoid, polio and coronavirus.
The pandemic has exposed new ruptures in global cooperation, notably with US President Donald Trump's decision to pull out of the World Health Organization (WHO).
I'm delighted to see the continuing and excellent UK-India collaboration as a force for good against Covid-19 - from vaccine development to keeping essential medical supply routes open.
But at the summit, Mr Trump struck a different tone in what was a very brief and seemingly very off-the-cuff, pre-recorded message.
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He said pharmaceutical companies had been working together to try to secure the required production capacity.
The coronavirus pandemic has killed more than 380,000 people since it emerged in China last December, according to an AFP tally of official sources.
Mr Soriot told BBC Radio 4's Today programme: "We are starting to manufacture this vaccine right now".
Polio eradication drives were suspended in dozens of countries, while measles vaccination campaigns were also put on hold in 27 countries, UNICEF said. The virtual event saw representatives of more than 50 countries - business leaders, United Nations agencies, civil society, government ministers, Heads of State and country leaders, including Prime Minister Modi - pledge their support to Gavi, the Vaccine Alliance, in its commitment to help save up to 8 million lives over the next five years.
Gavi, the Vaccine Alliance has immunised over 760 million children in the world's poorest countries, saving more than 13 million lives.
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An Amazon spokeswoman later told a media organization that the said book was removed in error and the issues is being dealt with. The issue caught the attention of Musk, who's been against the government lockdowns to contain COVID-19.
But Berkley warned: "These historic advances in global health are now at risk of unravelling as COVID-19 causes unprecedented disruption to vaccine programmes worldwide".