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Advance Market Commitments.pdf

amc_pp_20_20_01_13.pdf

🔗 Source: scholar.harvard.edu

📊 Size: 259 KB

👤 Author: Christopher M. Snyder

⬇️ Downloads: 135

Summary

Donors committed $1.5 billion to a pilot Advance Market Commitment (AMC) for pneumococcal vaccine in low-income countries, aiming to encourage development, ensure distribution, and pilot the AMC mechanism. The AMC has led to the development of three vaccines and the immunization of over 150 million children, saving an estimated 700,000 lives. The economic logic behind AMCs is to tackle static and dynamic distortions in the vaccine market by mitigating static deadweight loss and bolstering dynamic R&D incentives. The pilot AMC has been successful, with firms competing for supply contracts and country co-payments set according to standard rules. By 2016, the vaccine was distributed in 60 of 73 eligible countries, with annual distribution exceeding 160 million doses, enough to immunize over 50 million children per year.

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Description

Donors committed $1.5 billion to a pilot Advance Market Commitment (AMC) for pneumococcal vaccine in low-income countries, aiming to encourage development,...

Technical Information

File Format: PDF
File Size: 259 KB
Pages: 7
Language: EN
Author: Christopher M. Snyder
Total Downloads: 135
Last Updated: 1 week ago

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This PDF document about Advance Market Commitments provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Advance Market Commitments.