Major drug companies have pledged price cuts of as much as 67 percent on potentially life-saving vaccines for the world’s poorest countries.
Dow Jones Newswires noted that today’s announcements came in advance of an international conference next Monday in London focused on raising funds for vaccines for poor nations.
The companies promising discounts included brand-name and generic drug manufacturers from Europe, the U.S. and India. The aim is to support the Geneva-based group that helps pay for mass vaccination programs in the least-developed countries — the Global Alliance for Vaccines and Immunization, or GAVI — to close the $3.7 billion budget gap for its commitments over the next four years.
GAVI, which says that about 1.7 million children die every year of diseases that can be prevented through vaccination, has urged big pharma to play a bigger role in fighting the problem.
The companies that stepped forward today included the United Kingdom’s GlaxoSmithKline PLC, U.S.-based Merck & Co., Johnson & Johnson’s Dutch division Crucell, Bharat Biotech and France’s Sanofi Pasteur.
Glaxo, for example, promised to provide GAVI with its Rotarix rotavirus vaccine at $2.50 per dose, or $5 to fully immunize a child, a discount of 67 percent off the usual price. Rotavirus is the leading cause of severe diarrhea, the world’s second-largest killer of children, after pneumonia.
India-based firms Serum Institute and Panacea Biotec pledged price cuts on their pentavalent vaccines, which protect against diphtheria, tetanus, pertussis, hepatitis B, and Haemophilus influenzae type b.
GAVI, which is funded by governments and institutions such as the World Bank and the Bill & Melinda Gates Foundation, said the price cuts by Serum Institute and Panacea Biotec “illustrate the key role of emerging market suppliers as new global players.”
In a statement, Bill and Melinda Gates said they are “particularly excited about the offers for rotavirus vaccine because the shock of learning that more than 500,000 children die each year from a preventable disease that causes severe diarrhea is what drew us to work in global health in the first place.”
Related Post:
Gates Urges Increased Vaccinations to Save Millions of Lives


