Slide2:
Advance Market Commitments Vaccines and neglected diseases
More than 7 million people a year die, mostly in poor countries, from infectious diseases like pneumococcus, malaria and HIV/AIDS.
Vaccines: the most effective and efficient solution to address this problem, but unfortunately, they are not available.
Slide3:
Advance Market Commitments Market failures and AMC Global resources invested in finding new vaccines are far below the social optimum
Uncertainty and market failures in vaccine development
AMC establishes a market where one is currently missing
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Advance Market Commitments From academia to political agenda Idea of AMC for vaccines put forward some years ago in the academia
Italian Finance Minister, with the support of Gordon Brown, presented the AMC concept to his G8 colleagues, who expressed interest in the idea
2 December 2005 - the Report on AMCs prepared by the Working group led by Italy is presented to G8 Ministers who welcome the Report and agree on the idea to launching a pilot project by 2006.
Six candidate diseases: HIV-AIDS, Malaria, Rotavirus, Tuberculosis, Pneumococcus and Human Papillomavirus.
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Advance Market Commitments
Work for the preparation of the pilot project with the support of an ad-hoc Advisory Group of experts, chaired by Dr Ntaba.
Choice of Pneumococcus (more than 1.6 million deaths a year, nearly 1 million children under 5), for the first AMC.
Recommendation of malaria for the second AMC.
July 2006 - Proposal to launch the pilot project for a vaccine against pneumococcus by 2006. The pilot project
Slide6:
The Rome meeting Advance Market Commitments Representatives from 15 countries and a range of institutions attended the meeting
Review of the work undertaken on the legal, technical, institutional and financial aspects of an AMC pilot
Agreement that additional technical work was necessary
Decision to meet again to agree the details necessary for donors to make concrete financing commitments and to launch a pilot for a Pneumococcus vaccine before the end of the year.
Slide7:
Advance Market Commitments Work since Rome
Further work in particular on:
Governance and institutional support
Financial structures
Legal structures
New Report to discuss today