Spotlight on new approach to tuberculosis vaccine funding

European politicians, tuberculosis (TB) advocates and health advisers are gathering to discuss an innovative financing model that would enable scientific discoveries to be translated into TB vaccines.  On the occasion of a World TB Day meeting, Joris Vandeputte of TuBerculosis Vaccine Initiative (TBVI) will present a new funding plan: "Our governments are faced with a difficult question: how to reduce the deficit while maintaining a commitment to invest 3% of gross national income in research and innovation?"

"In our plan, European governments or agencies are asked to provide guarantees to take up money gradually from financial institutions, according to the progress of vaccine developments. Countries therefore do not have to provide any cash; the loan will be repaid through the profits of the final vaccines."

Speakers at the World TB Day event also warn against counterproductive cuts to public health spending. A World Bank study on the economic impact of TB control estimated that the benefits of investing in scaled-up TB care and control outweigh the costs of treatment, on average, by 10 times.

Jorge Sampaio, the UN Secretary-General's Special Envoy to the Stop TB Partnership and one of the speakers at this meeting, stresses that Tuberculosis damages economies worldwide, destroys families and is keeping millions of people in poverty.

"We need to avoid making the same mistakes from the past when, during economic recession times, irrational and wholly uneconomic decisions were made to cut health spending. We need to remember that health is an investment," says Mr Sampaio.

Clara de la Torra of the European Commission adds: "Big health challenges such as Aids and Tuberculosis are not limited by geography. The Innovation Union will focus Europe's efforts on global challenges such as health and on co-operation with third countries."

Worldwide, tuberculosis (TB) kills 1.7 million people every year. The economic burden related to TB is estimated at 0.52% of the world’s gross national income. Cooperation, research and innovation are the key drivers to eliminating this devastating disease.

"With TBVI's financial plan, we can kill two birds with one stone: reduce the massive poverty caused by tuberculosis and strengthen the role of Europe in the world of innovation," says Onno Ruding, chair of TBVI's governance board.

The meeting was organized by TuBerculosis Vaccine Initiative (TBVI), Calouste Gulbenkian Foundation, Fondacion Mérieux, Friends of the Global Fund Europe and the Stop TB Partnership.


Jojanneke Nieuwenhuis
(The author is an Associate Communications and Advocacy Relations, TuBerculosis Vaccine Initiative - TBVI)  



Published in:
Citizen News Service (CNS), India/Thailand 
Elites TV News, USA
News Blaze News, California, USA
Now Public News, India 
Healthdev.net
Buzz.yahoo.com
Msgnews.com
Connect.in.com
CNS Stop-TB Initiative
Freindfeed.com
Aidsportal.org
Twitter.com

1 comment:

  1. Looks like a good program for vaccine providers. The non-requirement of cash outs provides great relief.

    ReplyDelete