Navigation Links
The Bill & Melinda Gates Foundation and CureVac Collaborate to Accelerate the Development of Transformative Vaccine Technology
Date:3/5/2015

SEATTLE and TÜBINGEN, Germany, March 5, 2015 /PRNewswire-USNewswire/ -- The Bill & Melinda Gates Foundation and CureVac today announced that the foundation has made a commitment to invest $52 million (€46 million) in CureVac, a leading clinical-stage biopharmaceutical company specializing in mRNA-based vaccine technologies. As part of the agreement, the foundation will also provide separate funding for several projects to develop prophylactic vaccines based on CureVac's proprietary messenger RNA (mRNA) platform. In addition, CureVac's longstanding investor dievini Hopp BioTech announced a commitment of $24 million (€21 million) of additional equity.

CureVac is pioneering the use of natural and chemically unmodified mRNA as a data carrier to instruct the human body to produce its own proteins capable of fighting a wide range of diseases. CureVac's novel technology is the broadest and most advanced mRNA therapeutic platform and allows for rapid, low-cost production of multiple drugs and vaccines. Additionally, CureVac's mRNA vaccines are thermostable, which eliminates the demand for cold-chain storage and infrastructure, a major challenge in the vaccine supply of most developing countries.

The investment will support continued development of CureVac's platform technology and the construction of an industrial scale Good Manufacturing Practice (GMP) production facility. As part of this partnership, CureVac and the Gates Foundation will collaborate on the development and production of numerous vaccines against infectious diseases that disproportionately affect people in the world's poorest countries.

"If we can teach the body to create its own natural defenses, we can revolutionize the way we treat and prevent diseases," said Bill Gates, co-chair of the Bill & Melinda Gates Foundation. "Technologies like mRNA give us confidence to place big bets for the future.  We are pleased to partner with CureVac who has been pioneering this technology."

"This collaboration will ensure that one of medicine's most promising new technologies is applied to the challenge of reaching all people with the affordable, life-saving vaccines they need," said Sue Desmond-Hellmann, CEO of the Bill & Melinda Gates Foundation.

The Gates Foundation will provide additional funding – beyond the equity investment – for multiple projects developing vaccines for viral, bacterial and parasitic infectious diseases. The foundation has started work with CureVac on initial projects for diseases such as rotavirus and HIV.

"When I first met CureVac's founders 10 years ago, their vision and technology reminded me of the beginnings of the software industry: mRNA is like software that is able to teach the body to reprogram itself in order to fight cancer and infectious disease. Even today I am not aware of any other biomolecule with such versatile potential," said Dietmar Hopp, through dievini Hopp Biotech, the primary shareholder in CureVac. "I am delighted that Bill Gates and the foundation see it the same way."

Ingmar Hoerr, co-founder and CEO of CureVac, said, "With the Bill & Melinda Gates Foundation we have found another strong and highly committed investor to support us in expanding our mRNA platform at an accelerated pace. We look forward to commencing our mutually beneficial partnership which will allow CureVac to contribute its versatile technology to combat many serious infectious diseases while also benefiting from the foundation's significant network and expertise in the vaccine market. We also very much appreciate the additional commitment from our longstanding investor. We feel very well-positioned to scale up our GMP manufacturing capabilities in order to supply the world markets with our products."

Under the terms of the agreement, any Gates Foundation-funded products will be made available by CureVac at an affordable price in poor countries. CureVac will be able to merchandise each Gates-funded product in developed countries on its own, through licensees or a combination of both. In addition, the new manufacturing facility will have dedicated capacity to focus on products resulting from Gates Foundation-related projects.

About CureVac

CureVac, a German clinical stage biopharmaceutical company founded in 2000, is pioneering the field of mRNA-based technology platforms for medical purposes, in which unmodified mRNA is specifically optimized and formulated. CureVac has been developing novel mRNA-based cancer immunotherapies and prophylactic vaccines against infectious diseases – both under the brand RNActive®. Moreover, CureVac's technology RNArt® is designed as molecular therapy to trigger the body's own production of therapeutic proteins without stimulating the immune system.

CureVac has successfully established the first GMP (good manufacturing practice) facility worldwide for the manufacture of mRNA in 2006 and has pioneered mRNA-based drugs in various clinical studies.

www.curevac.com

About the Bill & Melinda Gates Foundation

Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Sue Desmond-Hellmann and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.

 


'/>"/>
SOURCE Bill & Melinda Gates Foundation
Copyright©2015 PR Newswire.
All rights reserved

Related medicine technology :

1. Pharmaceutical Ethics & Compliance Professionals Place Company Values Front and Center
2. Global Pharma US & EU Outlook 2015: First -In-Class Innovations and Cost Optimization Plays Major Role In Shaping Up Business for Large Cap Pharmaceutical Companies
3. Customization is the New Formula in Global Pharmaceutical Packaging, Finds Frost & Sullivan
4. United States Blister Packaging Market 2015-2019 - Growing Demand in Pharmaceuticals Industry with Amcor, Bemis, MeadWestvaco & Sonoco Products Dominating
5. Global POC Diagnostics Market 2015-2019 with Abbott Labs, Alere, Bayer Healthcare, Danaher, F. Hoffmann-La Roche & Johnson & Johnson Dominating
6. Global Ultrasound Equipment Market 2015-2019: Rise in Number of MI Diagnostic Procedures with GE Healthcare, Phillips Healthcare, Siemens Healthcare & Toshiba Medical Systems Dominating
7. AT&T Providing Connectivity for Philips GoSafe Mobile Medical Alert System, Empowering United States Seniors to be Connected to Emergency Care On-the-Go
8. Frost & Sullivan Applauds Neopeutics Commitment to Accelerating the Delivery of New Nature-Based Pharmaceuticals and Therapeutics
9. CBIS Momentum Continues: Company Opens Call Center In Preparation For New Product Releases & CEO Shares His Impressive And Insightful Views With Columnist
10. Generic Drugs a $350 Billion Opportunity According to The Generic Drugs Market: 2015-2030 - Opportunities, Challenges, Strategies & Forecasts
11. Caren Mason Appointed President & CEO of STAAR Surgical Company
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2020)... ... August 27, 2020 , ... The flu season is right round the corner and ... equipped with all the necessary measures before it begins to harbor its effects on us. ... it is leaving a huge impact on our lives. Hence it has become even more ...
(Date:8/27/2020)... ... August 27, 2020 , ... Trella Health, the leading ... provider of cloud CRM, marketing automation, and contact center solutions for senior living ... integration of Trella’s performance intelligence data and insights into Enquire’s CRM solution to ...
(Date:8/27/2020)... ... ... The GHT Companies , a leading developer and distributor of nutraceutical ... with a press conference at its manufacturing facility in Vista. Here are ... an overall donation result exceeding $30,000 to Feeding San Diego, Who: Jim Rex, ...
Breaking Medicine Technology:
(Date:8/31/2020)... ... August 31, 2020 , ... ... are joining biomedical engineers from Carnegie Mellon University (CMU) to develop a new ... who have undergone open heart surgery. , The AGH/CMU team was recently awarded ...
(Date:8/31/2020)... ... August 31, 2020 , ... Ocean Springs, Mississippi-based ... to medical first responders across the United States. Since the start of the ... equipment (PPE) medical centers , hospitals , firefighters , and ...
(Date:8/31/2020)... AURORA, Colo. (PRWEB) , ... August 31, 2020 ... ... premier provider of innovative higher-learning opportunities through high-quality, career-relevant, and affordable online education ... Emergency Responder Psychology . , Among the first of its kind in ...
(Date:8/31/2020)... ... ... Cure for Covid-19 “PTS” with Mediation & Hypnosis , At this very turbulent time ... experiencing deep anxiety, immense stress, and right now are needing serious relief from a constant ... the planet are experiencing a great degree of emotional discomfort, be it fear or worrying ...
(Date:8/31/2020)... (PRWEB) , ... August 31, 2020 , ... ... intended to improve outcomes for patients with advanced heart failure, today announced that ... grant in the amount of $555,358 from the National Heart, Lung, and Blood ...
Breaking Medicine News(10 mins):