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Donors Welcome the Advance Market Commitment's First Long-Term Supply Commitments
Date:4/9/2010

Global Health Progress applauds world’s poorest countries’ ability to access pneumococcal disease vaccines

(PRWEB) April 10, 2010 -- Global Health Progress applauds the governments of Italy, the United Kingdom, Canada, Russia, and Norway and the Bill & Melinda Gates Foundation as they welcome the first long-term agreements made by pharmaceutical firms to provide increased access to medicine by supplying new, affordable vaccines against pneumococcal disease to the world’s poorest countries.

GlaxoSmithKline (GSK) and Pfizer Inc. are the first companies to agree to supply pneumococcal vaccines through the Advance Market Commitment (AMC). These vaccines may be available as early as this year at a fraction of the price charged in industrialized countries.

The AMC was created to stimulate the development, manufacture, and uptake of affordable vaccines that meet the needs of developing countries.

In June 2009, the governments of Italy, the United Kingdom, Canada, the Russian Federation, Norway and the Gates Foundation launched a pilot AMC with a collective US$1.5 billion commitment. In addition, GAVI will help fund the total cost of these vaccines by contributing up to US$ 1.3 billion for the period 2010 to 2015.

Thanks to these financial commitments, pharmaceutical companies have responded to the incentive and committed to supply millions of doses of life-saving vaccines for ten years at an affordable price –an unpreced
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