FINANCING RESEARCH AND DEVELOPMENT FOR NEW VACCINES IN DEVELOPING ASIA-PACIFIC COUNTRIES

(Corresponding author) Gavin Yamey (), Kaci Kennedy McDade, Wenhui Mao and Ekene Osakwe
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(Corresponding author) Gavin Yamey: Duke University
Kaci Kennedy McDade: Duke University
Wenhui Mao: Duke University
Ekene Osakwe: Duke University

Asia-Pacific Sustainable Development Journal, 2022, vol. 29, issue 2, 125-153

Abstract: For many infectious diseases with a high burden in the Asia-Pacific region, there are no licensed, highly effective vaccines. In addition, for neglected infectious diseases in the region, the existing vaccines have limitations. One reason behind the lack of vaccines is a financing gap, especially for late-stage trials. We estimate that the annual financing gap for vaccine research and development (R&D) for neglected diseases is approximately $2 billion and the annual gap for vaccine R&D for emerging infectious diseases is approximately $50 million-170 million. In this paper, a variety of possible mechanisms to mobilize financing for vaccine R&D in the region are presented.

Keywords: research and development (R&D); vaccines; neglected infectious diseases; emerging infectious diseases; financing; Asia Pacific region; resource mobilization; pooling; strategic purchasing (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:29:y:2022:i:2:p:125-153

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