Ideanomics chairman Bruno Wu drives GPACA which is working to battle the coronavirus

Ideanomics Inc (NASDAQ:IDEX) said Monday that the newly formed Global Partnership Against Coronavirus Alliance (GPACA) will work to bring “rapid medical solutions, preventive care, and policy proposals” to battle the coronavirus pneumonia epidemic. The GPACA's founding board members include high-profile Chinese billionaire entrepreneur Dr Bruno Wu, who is chairman of the Sun Seven Stars Investment Group and fintech company Ideanomics, Jay Park, president of Suponic Group, His Excellency Al Gurhair, chairman of Essa Al Ghurair and Dr Vincenzo Costigliola, founder and president of the European Medical Association. Sultan Abdullah Ri’ayatuddin, the King of Malaysia, hailed the formation of the GPACA. READ: Ideanomics more than doubles revenue in 2018 thanks to crude-oil trading "Dr Bruno Wu and the GPACA team have shown their exceptional leadership for the most important of philanthropic causes, stepping forward to face the coronavirus pneumonia head-on by bringing together a multinational alliance to tackle the problem we face today beyond the great battle that is ongoing in China,” said King Abdullah. “This effort will help develop our preparedness for the viral health challenges of tomorrow," he added. The GPACA has three key objectives. Firstly, to find and study cures and solutions to protect against the further mutation and spreading of the virus. Secondly, to launch a global education campaign, utilizing both traditional and social media, to promote verified facts and information in order to reduce social panic and hysteria. Thirdly, prevent the spread of outbreaks and assist in the coordination and establishment of public preventive policies for at-risk countries with an immediate focus on Africa, China, India and South East Asia. GPACA will also work to facilitate the formation of international governance and protocols for the epidemic and ensure the swift delivery of vaccines. China reported 908 deaths and about 40,000 cases of coronavirus. On Sunday alone, 97 people died, the highest daily death toll since the outbreak began. Almost 6,500 of the affected patients were in critical condition, Chinese authorities said Monday. New York-based Ideanomics has offices in Beijing and plans to open a campus in West Hartford, Connecticut. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive