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:6/27/2016)... ... June 27, 2016 , ... The ... OSHA Training Institute Education Center headquartered in Northern California, has issued an important ... heat at their worksites. Employers with workers exposed to high temperatures should ...
(Date:6/27/2016)... Aliso Viejo, California (PRWEB) , ... June 27, 2016 , ... ... that are fully customizable inside of Final Cut Pro X," said Christina Austin - ... with another unique style. Final Cut Pro X users can now reveal ...
(Date:6/27/2016)... (PRWEB) , ... June 27, 2016 , ... ... for mental health professionals, announced today its affiliation with Tennessee Counseling Association. ... solutions to the network of the Tennessee Counseling Association, adding exclusive benefits and ...
(Date:6/27/2016)... (PRWEB) , ... June 27, ... ... in the patient payment industry today announced its strategic partnership with Connance, ... system workflows. , The two companies’ proven, proprietary technology combine to provide ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... technology to revolutionize the emergency ambulance transport experience for the millions of people ... how Uber has disrupted the taxi industry through the use of technology. Now, ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... One of Australia,s successful biotechnology scientists, Dr ... biotechnology company, Noxopharm Limited [ABN 50 608 966 123] ("Noxopharm"). Noxopharm ... on the ASX. Noxopharm is a clinic-ready company with ... 1 clinical study later this year. ... problems facing cancer patients - the ability of cancers to become ...
(Date:6/26/2016)... Jazz Pharmaceuticals plc (Nasdaq: JAZZ ) announced ... Act of 1976, as amended ("HSR"), with respect to ... CPXX ) expired effective June 24, 2016, ... previously announced on May 31, 2016, Jazz Pharmaceuticals and ... Jazz Pharmaceuticals has commenced a tender offer for all ...
(Date:6/26/2016)... 27, 2016  VMS Rehab Systems, Inc. ( www.vmsrehabsystemsinc.com ... whatever measures required to build a strong and stable ... currently listed on the OTC Markets-pink current trading platform. ... CEO, "We are seeing an anomaly in market trading ... only by the Company, but shareholders and market players ...
Breaking Medicine Technology: