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Financing Research And Development For New Vaccines In Developing Asia-Pacific Countries

Author

Listed:
  • (Corresponding author) Gavin Yamey

    (Duke University)

  • Kaci Kennedy McDade

    (Duke University)

  • Wenhui Mao

    (Duke University)

  • Ekene Osakwe

    (Duke University)

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.

Suggested Citation

  • (Corresponding author) Gavin Yamey & Kaci Kennedy McDade & Wenhui Mao & Ekene Osakwe, 2022. "Financing Research And Development For New Vaccines In Developing Asia-Pacific Countries," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 29(2), pages 125-153, November.
    • Handle: RePEc:unt:japsdj:v:29:y:2022:i:2:p:125-153
    as

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    References listed on IDEAS

    as
    1. John-Arne Røttingen & Claudia Chamas, 2012. "A New Deal for Global Health R&D? The Recommendations of the Consultative Expert Working Group on Research and Development (CEWG)," PLOS Medicine, Public Library of Science, vol. 9(5), pages 1-2, May.
    2. Jisun Song & Lynn Pyun, 2022. "Innovative Development Finance for Health Sector Development: Focusing on the Air Ticket Solidarity Levy System in the Republic of Korea," Sustainability, MDPI, vol. 14(5), pages 1-15, February.
    3. Han Li & Minxuan Xu & Jun S. Liu & Xiaodan Fan, 2020. "An Extended Mallows Model for Ranked Data Aggregation," Journal of the American Statistical Association, Taylor & Francis Journals, vol. 115(530), pages 730-746, April.
    4. Fan, Victoria Y & Jamison, Dean T & Summers, Lawrence H, 2018. "Pandemic risk: how large are the expected losses?," Scholarly Articles 35014363, Harvard Kennedy School of Government.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    research and development (R&D); vaccines; neglected infectious diseases; emerging infectious diseases; financing; Asia Pacific region; resource mobilization; pooling; strategic purchasing;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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