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:6/23/2017)... ... 23, 2017 , ... Military Connection friend and veteran advocate Micaela ... Virgin Atlantic lounge. , Bensko is no stranger to the plight of the ... her life to supporting our wounded veterans. A world-class photographer, her riveting photos “The ...
(Date:6/23/2017)... ... ... The Aesthetic Channel has recently highlighted Dr. Ben Talei’s unique approach to ... technique that he calls the AuraLyft Facelift. The AuraLyft does more than ... expect to look refreshed, rejuvenated, and revitalized. , Dr. Talei’s unique approach stems ...
(Date:6/23/2017)... , ... June 23, 2017 , ... 21 Middle East ... (EF) has selected 21 leaders from government, business and civil society in 11 countries ... the U.S. this fall, engaging in a transformative exchange of knowledge and ideas with ...
(Date:6/23/2017)... ... 2017 , ... Ross Insurance Agency ( http://www.rossinsuranceagency.com ) saves ... Agency’s (FEMA) recent update of flood zones, more people than ever are in ... enacted to reflect the actual risk in flood zone areas during a time ...
(Date:6/23/2017)... ... June 23, 2017 , ... The Katyl ... services to families and business owners in and around Lackawanna County, is joining ... citizens in the area. , Meals on Wheels of NEPA provides hand-delivered and ...
Breaking Medicine News(10 mins):
(Date:6/16/2017)... , June 16, 2017 Datascope Corp. is voluntarily ... Datascope Corp. for a potential electrical test failure code.     ... PART NUMBER ... IABP CS300 IABP ... ...
(Date:6/14/2017)... June 14, 2017  ivWatch LLC, a medical device ... intravenous (IV) therapy, is pleased to announce it was ... Nonsurgical Hospital Supplies and Equipment at the 2017 Medical ... the medtech industry. The award was presented by Medical ... Javits Center in New York ...
(Date:6/14/2017)... , June 14, 2017  In 2016, ... Creative Startups pitch competition and came away with ... platform is described by Forbes as "entering the life ... Medical Association as teaching "empathy to medical professionals in ... startup was recently named a finalist for the Department ...
Breaking Medicine Technology: