Bill Gates: $1.5 Billion For Vaccines

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Bill and Melinda Gates, in agreement with the governments of Canada, Russia, Italy, Britain and Norway will fund $1.5 Billion for the supply of vaccines for pneumonia and meningitis to 60 of the worlds poorest countries by 2015.

The Gates group, GAVI Alliance, will manage the program and add an additional $1.3 Billion for its operation through their Advance Market Commitment program which guarantees pharmaceutical manufacturers a market price to encourage the research and development of new vaccines.

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