Vaccine group plans advance market agreement for COVID-19 vaccines


  • World
  • Thursday, 04 Jun 2020

FILE PHOTO: Phials of an mRNA type vaccine candidate for the coronavirus disease (COVID-19) are pictured at Chulalongkorn University during the development of an mRNA type vaccine for the coronavirus disease (COVID-19) in Bangkok, Thailand, May 25, 2020. REUTERS/Athit Perawongmetha

LONDON (Reuters) - The GAVI vaccines alliance is to launch an Advance Market Commitment (AMC) for future COVID-19 vaccines which it says will help secure access to the new shots for poorer countries.

The AMC mechanism should provide incentives to vaccine manufacturers to invest in large scale production capacity even as they develop new products and before full-scale trials have shown whether they work, GAVI's chief executive officer Seth Berkley told Reuters.

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