Aspen to receive $30m from CEPI, Gates Foundation to improve Africa’s vaccine access
JSE-listed pharmaceutical company Aspen has reached an agreement for $30-million of grant funding from the Bill & Melinda Gates Foundation and the Coalition for Epidemic Preparedness Innovations (CEPI) to support African regional manufacturing capacity for an affordable supply of vaccines.
"Aspen can now confirm that it has concluded a set of agreements with the Gates Foundation and CEPI to receive the $30-million funding to support its capabilities to manufacture lifesaving routine and outbreak vaccines for Africa.
"The new funding, which includes $15-million from each organisation, will support a ten-year agreement between Aspen and Serum Institute of India, which aims to expand the supply and sourcing of affordable vaccines manufactured in Africa," Aspen said in a statement issued on December 12.
Aspen announced in August that an agreement had been reached with the Serum Institute of India, which provided Aspen with a licence to the enabling know-how, allowing its South African manufacturing operations to manufacture, market and distribute four routine vaccines in Africa.
"Through the partnership with Serum Institute, Aspen will manufacture and distribute four routine vaccines in Africa, namely Pneumococcal, Rotavirus, Polyvalent Meningococcal and Hexavalent, with the technology transfer activities initiating in early 2023.
"In addition to supporting the technology transfer of these routine vaccines, the funding from CEPI and the Gates Foundation will help to sustain regional vaccine manufacturing capacity at Aspen for potential future outbreak response, with the intention of securing early access to African-produced vaccines in the event of a future public health emergency," Aspen said.
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