The Foundation will work with a constellation of partner institutions and other stakeholders around the globe. The Foundation will incorporate the "It's Time Campaign," an advocacy and campaign organization based in Washington, which will become a program of the new Foundation and its main fundraising arm. The Foundation will share offices initially with the Campaign at their headquarters at 601 Pennsylvania Avenue, NW. The Campaign will retain its focus of campaigning for an HIV, TB, and malaria vaccine. The Foundation will advocate for increased funding for vaccine research against all infectious diseases in the belief that all vaccine research is underfunded and that breakthroughs could come from any field.
The Foundation will also finance vaccine research directly. Funding sources will include the It's Time Campaign's internet-based campaign, televised fundraising events, benefit concerts, and other initiatives undertaken by the Foundation. In the case of major televised events, 100 percent of publicly donated funds will go to research, none to overhead costs, with the proceeds distributed worldwide to scientists and their institutions wherever the funds will have the greatest impact in terms of accelerating vaccine research.
Prevention is better than cure
Of the billions of dollars spent every year fighting infectious diseases around the world, less than 2 percent is invested in vaccine research. The Foundation believes that this is shortsighted and that we must reset our priorities. "The science and the technology are there to develop life-saving vaccines for the most challenging infectious diseases," said Founding Board Director Dr. Paul Offit of Children's Hospital of Philadelphia and co-inventor of the rotavirus vacci
|SOURCE The Foundation for Vaccine Research|
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