Making markets for vaccines

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In the time it takes you to read this preface, 100 people will die of diseases that can already be prevented with vaccines, and 150 more will die of malaria, HIV or tuberculosis.

Run, don't walk, to the Center for Global Development's 'markets for vaccines' report. The simple idea is that donors could give incentives to private companies to develop vaccines, by committing to purchase large quantities of a successful vaccine.

Our proposal is for a market not a prize. There is no winner-take-all. By underwriting the purchase of vaccines, donors create incentives for firms to compete to bring products to market quickly. Better products can compete for market share, as they can in affluent markets.

The idea, Michael Kremer's, has been around for a while, but this report is full of practical detail. Also see the CGD Vaccines blog, maintained by Owen Barder.

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