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Seattle Nonprofit Developing COVID-19 Vaccine Lands $26M Donation

By April 14, 2022No Comments

The Chan Soon-Shiong Family Foundation has donated $26 million to Seattle’s Access to Advanced Health Institute (AAHI), a nonprofit that emerged from the Infectious Disease Research Institute after a recent court-overseen restructure.

Michelle Chan and Patrick Soon-Shiong aim to “erode and eliminate disparities in health care” through their foundation, according to the website of the Giving Pledge, a group of individuals who have pledged to give away the majority of their wealth.

Soon-Shiong is also founder, chief scientific officer and chief medical officer of ImmunityBio, which has a licensing agreement with AAHI and is sponsoring early clinical trials of the institute’s COVID-19 vaccine candidate, which will soon start in South Africa. He is also chair of AAHI’s board of directors.

AAHI recently described its COVID-19 vaccine, which consists of a self-replicating RNA bound to a delivery vehicle, in a preprint studyAnother recent study showed that a similar formulation can be converted into powder form and stored for up to six months at room temperature, or up to a year in a simple refrigerator — an advantage in resource-poor environments.