Facebook founder Mark Zuckerberg Mark Elliot ZuckerbergHillicon Valley: FBI, DHS warn that foreign hackers will likely spread disinformation around election results | Social media platforms put muscle into National Voter Registration Day | Trump to meet with Republican state officials on tech liability shield Facebook to 'restrict the circulation of content' if chaos results from election: report 2.5 million US users register to vote using Facebook, Instagram, Messenger MORE and his wife, Dr. Priscilla Chan, are teaming up with the Bill and Melinda Gates Foundation to donate $25 million toward research on possible coronavirus treatments.

"I'm really proud to share that [the Chan Zuckerberg Initiative is] going to be joining Gates and others to put together something they're calling the therapeutics accelerator to fight coronavirus," Chan told "CBS This Morning" co-host Gayle King Gayle KingFauci: Lack of masks at Trump rallies frustrating The Hill's Morning Report - Presented by Facebook - Trump, GOP senators at odds over next stimulus bill Minneapolis police union says members have been 'scapegoated by political leaders' MORE.

Chan told King that their goal is "to fund a group to screen all the drugs that we know have potential effects against coronavirus."

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Zuckerberg elaborated on the objective, saying that one drug can often be used to treat multiple diseases.

"You can basically take all those drugs that have already been screened as safe and test them to see if they might also have a positive impact for either preventing the coronavirus or reducing the symptoms and making it less damaging," he said.

To Zuckerberg's point, New York is already testing hydroxychloroquine — a proven anti-malarial drug — with the antibiotic azithromycin to see if the combo can be an effective treatment for COVID-19. The combination proved effective in a small, controversial study in France, but there has yet to be widespread testing on the possible treatment option.