Gates Foundation, Seattle Research Institute Team to Give Vaccines a Shot in the Arm
Friday, October 16, 2015
Three powerhouses in the global health sector have teamed to open a new vaccine center in Seattle.
The new center, called the Global Health Vaccine Center of Innovation, is the result of a partnership between Seattle global heath nonprofit Infectious Disease Research Institute, the Bill & Melinda Gates Foundation and French pharmaceutical company Sanofi's vaccine development arm. It will be headquartered at IDRI.
The new center aims to speed up the development of vaccines while decreasing development costs. Another goal is to boost availability of vaccines to people in developing countries.
Sanofi Pasteur and the Gates Foundation jointly funded the new center with $9.5 million, which will be distributed over the course of four years. That money will go toward operational support and training, and there will be another $2 million in funding once the center identifies its first vaccine.
Source: The Business Journals (link opens in a new window)
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