focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

WHO seeks new mechanism for crisis vaccine supplies at low cost

Wed, 19th Oct 2016 14:27

By Kate Kelland, Health and Science Correspondent

LONDON, Oct 19 (Reuters) - The World Health Organization,drugmakers and humanitarian groups are hammering out details ofa new vaccine supply system aimed at getting vital shots tovulnerable people in crises such as wars or natural disasters.

The mechanism, which so far has British drugmakerGlaxoSmithKline signed up to provide its pneumoniavaccine at the lowest possible price, will ask other majorpharmaceutical firms including Pfizer and Merck to make similar cut-price agreements for emergencies only.

"The idea is that this will set a model in place for othermanufacturers to put their vaccines on the table," said GregElder, a medical coordinator with the international charityMedecins Sans Frontieres (MSF) which joined talks on the issueat the WHO's Geneva headquarters last week.

A spokesman for the WHO said the humanitarian vaccinemechanism - which would only be used in crisis situations -could mean reaching millions of vulnerable people withprotective shots against potential killers such as measles,yellow fever and pneumonia.

For now, GSK has pledged to make its PCV-10 vaccine forpneumococcal infection available at its lowest possible price,he said, and other manufacturers are considering which of theirshots might also be included.

Signing up would mean drugmakers agreeing to supply theshots at a price equivalent to that paid by the United Nationschildren's fund UNICEF for vaccines supplied under the GAVIVaccines Alliance to low and middle-income countries who can'tafford to pay full price.

Yet unlike GAVI, the cheaper emergency vaccines would beaccessible only to non-governmental organisations such as MSFand other charities and humanitarian groups - not to healthministries or national authorities.

This, said MSF's Elder, will ensure drugmakers are notexposed to having to supply large quantities of vaccines atrock-bottom prices that could dent their profits.

"We're talking about a very specific cohort - refugees,displaced populations, people who have gone through a lot oftrauma and have had to flee their homes," Elder said.

"It's a small group of people who are caught in the middleof emergencies and can fall through the gaps. And it's a minutefraction of their (the drug companies') global market."

The International Federation of Pharmaceutical Manufacturers& Associations (IFPMA) and the Developing Countries VaccineManufacturers Network (DCVMN), who took part in the talks"expressed great interest" and said they would take the idea totheir members, according to Noni MacDonald, an immunisationspecialist and professor of paediatrics at Canada's DalhousieMedical School, who chaired the meeting.

Philippe Duclos, a senior WHO expert on immunisation, saidthe hope is that the mechanism will ultimately cover some 23shots against diseases ranging from cholera to rabies to polioto hepatitis to yellow fever.

"Of course some vaccines are more important in certainemergencies than in others," he said. "What we need is torationalise, quickly, in each emergency, which ones are needed."

MacDonald said that while there is a way to go to agreeprices and supplies, she is confident that starting with GSK'spneumococcal shot will show how the system can work for others.

"It's rare to have such disparate groups come together sosolidly to support the way forward," she told Reuters.

"It's going to take a lot of effort and education to makethis process work, but we're all agreed it's important - andfailure to deliver is not an option because lives depend upongetting this done right." (Reporting by Kate Kelland; Editing by Richard Balmforth)

Related Shares

More News
Today 17:13

TOP NEWS: GSK to sell remaining holding in spin-off Haleon

(Alliance News) - GSK PLC on Thursday said it intends to sell its remaining stake in Haleon PLC, the consumer healthcare firm it spun out almost two y...

Today 17:02

GSK to sell entire 4.2% remaining stake in Haleon

(Sharecast News) - GSK said on Thursday that it plans to sell its entire remaining 4.2% stake in Haleon.

Today 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher followin...

Today 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

14 May 2024 10:11

LONDON BROKER RATINGS: DB and Berenberg raise Diploma price target

(Alliance News) - the following London-listed shares received analyst recommendations Monday and Tuesday morning:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.