Making Markets for Vaccines

Making Markets for Vaccines

In this two-minute 2006 video clip, Ruth Levine, then CGD senior fellow and director for global health, tells the story of CGD’s Making Markets for Vaccines initiative. She describes how a CGD Working Group produced an economic and legal framework for funds to incentivize vaccine development. The G-7 Finance Ministers endorsed the approach and five donors (Canada, Italy, Norway, UK and Russia, and the Gates Foundation) committed $1.5 billion to create an incentive for a vaccine against the strains of pneumococcus disease prevalent in low-income countries. Owen Barder, a co-author of the working group report, and Alice Albright, a member of the working group who was then CFO of the Global Alliance for Vaccines and Immunization, help tell the story of moving this innovative proposal from idea to action.