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Advance Market Commitment Working Group (March 2003 - April 2005)
The Group assessed whether a mechanism to increase market-based incentives to purchase a future vaccine product could be designed, and how it might work in practice. The final report, Making Markets for Vaccines: Ideas into Action, laid the groundwork for a $1.5 billion pilot for a vaccine to prevent pneumococcal disease, which annually kills some 3 million children in developing countries.
Making Markets for Vaccines: Ideas to Action presents the proposal from theory to practice, by showing how a commitment can be consistent with ordinary legal and budgetary principles. A draft contract term sheet is included, highlighting the key elements of a credible guarantee.