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New investment fund will advance late-stage vaccines, other global health technologies
Date:9/23/2013

Cooper-Hohn, Chair of the Children's Investment Fund Foundation (CIFF). "Relatively little investment goes to the development of new drugs, vaccines and diagnostics specifically targeted at children in developing countries where child mortality is most dire. CIFF is very pleased to be a major investor into the Global Health Investment Fund, which promises to deliver new finance and focus to this neglected area."

Additional Partner Endorsements

Christopher Egerton-Warburton, GHIF Fund Manager: "GHIF joins the family of innovative financing mechanisms in global health. Although this is the first investment fund dedicated to global health R&D, we hope this will serve as a pilot for future funds of this type in global health and other sectors."

Charlotte Petri Gornitzka, Director General, Swedish International Development Cooperation Agency (Sida): "Sweden and Sida are excited to be part of this groundbreaking initiative where private capital is put to work for development. It shows the magnitude of results that can be reached when aid, business and philanthropy work hand in hand."

Dr. Norbert Kloppenburg, KfW Executive Board member: "Thanks to the Fund, more people will have access to improved health carewhile at the same time a financial return will be generated for investors. The projects supported by the fund will improve the health status of many people, especially women and children, and will thus contribute to poverty alleviation."

Dr. Moncef Slaoui, Chairman Vaccines and R&D, GlaxoSmithKline: "I am convinced the GHIF will be instrumental in helping bring cutting edge innovation and solutions to diseases of the developing world and this is one reason why we are participating. This collaboration demonstrates that with an innovative structure, a fund with a humanitarian focus can appeal to a broader range of investors."

Jeffrey A. Chodakewitz, MD, Vice President, Global Clinical Development, Merck:
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Contact: Colleen Harris
colleen@colleenharris.co.uk
44-207-223-4512
Grand Challenges Canada
Source:Eurekalert

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