Navigation Links
Rich Nations to Sign $1.5 Bn Vaccine Pact in Italy

Rome: The Group of Seven rich countries will sign an agreement on Friday to provide $1.5 billion to develop vaccines for poor countries, //the government of Italy, which is among those heading the initiative, said on Tuesday.

The new Advanced Market Commitments for Vaccines programme, under the auspices of the G7, is "aimed at saving millions of lives in the poorest countries and supporting their economic growth with new methods", the Italian economy ministry said.

The mechanism involves donor nations making a prior commitment to buy vaccines which are under development at a preferential price once they are launched, thereby creating a demand-led market for new vaccines needed by poor countries.

Italy, Britain, Canada and Norway will announce funding commitments on Friday at a ceremony attended by Italian Economy Minister Tommaso Padoa-Schioppa, Britain's Gordon Brown, Canada's Jim Flaherty and World Bank chief Paul Wolfowitz.

Jordan's Queen Rania will preside over the launch and the G7 officials will explain the programme in person to Pope Benedict at the Vatican on Friday before travelling to Essen in Germany for the G7 meeting, said the Italian ministry in a statement.

The G7 groups the United States, Japan, Germany, Britain, France, Italy and Canada.

Italian government sources said separately that Rome would stump up $500 million of the funding while Britain was likely to give $400 million and Canada and Norway $200 million each.

The first target disease will be pneumococcus which causes pneumonia and meningitis and is a major killer of children under five in poor countries, said Italian officials. The ultimate aim of the project is to fight malaria, HIV/AIDS and tuberculosis.

Source-Bio-Bio Technology
'"/>




Page: 1

Related medicine news :

1. Asian Nations Told To Ready Themselves For Pandemic
2. Asian Nations To Take Joint Efforts Against H5N1
3. Donor Nations Urged To Pledge More To Combat Bird Flu
4. Joint Effort among Various Nations to Tackle Bird Flu
5. Developing Nations Should Reform Health Financing Systems: WB
6. 2010 AIDS Target May Misfire, Warns United Nations
7. AIDS Meet Ends Without Firm Commitments From Donors Dharam Shourie United Nations
8. United Nations draws flak Due to Lukewarm AIDS Prevention Measures
9. Vaccines For Cervical Cancer Will Soon Be Available In Developing Nations
10. Developing Nations to Get Gardasil at Lesser Rates from Merck Soon
11. Diabetes The Leveler-Sweeping Across Nations
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:1/19/2017)... ... January 19, 2017 , ... Students interested in video ... Awareness Scholarship competition., The winner will earn a $1,000 scholarship and have his or ... Feb. 1, and the deadline is May 31, with the winner announced on June ...
(Date:1/19/2017)... ... January 19, 2017 , ... ... members in 2017 who are passionate about making a difference in the lives ... headquartered in Tampa, UMA, a nonprofit healthcare educational institution, has more than 30,000 ...
(Date:1/19/2017)... Savannah, GA (PRWEB) , ... January 19, 2017 ... ... that offers asset protection and financial planning services to communities throughout eastern Georgia, ... the fight against heart disease. , Heart disease kills more Americans every year ...
(Date:1/19/2017)... ... ... St. Catherine’s Village announced that a limited number of rooms have become ... the grounds of the St. Catherine’s Village campus in Madison, Mississippi that accommodates 120 ... in Mississippi for the second year in a row by readers of the Clarion-Ledger. ...
(Date:1/19/2017)... ... January 19, 2017 , ... ... at Reproductive Medicine Associates of Connecticut (RMACT) have earned “Top Doctor” awards. Dr. ... Dr. Shaun Williams have each been chosen by their peers for the 2017 ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... 18, 2017 The drug delivery technology market ... from USD 1,179.20 billion in 2016, at a CAGR ... of chronic diseases, increasing demand for biologics, technological advancements, ... growth of this market. Whereas, self-administration & home care ... significant growth opportunities for players operating in this market. ...
(Date:1/18/2017)... 2017  Aprima Medical Software, a leading provider ... (PM) and revenue cycle management (RCM) solutions for ... former reseller Healthcare Data Solutions (HDS) of Coral ... will assume full support for HDS,s customers, which ... across 15 states. Financial terms were not disclosed. ...
(Date:1/18/2017)... SAN JOSE, Calif. , Jan. 18, 2017  Adaptive ... machines, announced today a new partnership with Hyatt Place ... guests by providing ASTI LectroFan sleep therapy machines in ... "Obviously one of the most important parts of having ... Wicks , general manager of Hyatt Place Nashville/Downtown. "We,re ...
Breaking Medicine Technology: