Smart, Coordinated Efforts Can Help Stimulate Innovation, Improve Global Health

STAT: Smart strategies and collaboration can help improve global health
Natalie Revelle, deputy director of program-related investments at the Bill & Melinda Gates Foundation

“…[S]mart, coordinated efforts by governments, international organizations, and impact investors can engage the private sector to better serve the poorest populations. … Guarantees [for a certain volume of vaccine sales for several years in exchange for the supplier’s commitment to produce that much vaccine and to reduce prices for developing countries] give suppliers the certainty they need to invest in innovation and expanded production, which lowers per-unit costs. That, in turn, helps expand public health interventions around the world. As the demand for the vaccine rises, more suppliers may enter the market, stimulating further innovation, ensuring a reliable supply, and strengthening price competition. The end result is a healthier and more sustainable market. … [C]oncerted efforts and smart strategies, based on an understanding of economics, can sometimes catalyze sustainable solutions to market failures in global health and beyond” (10/27).

The KFF Daily Global Health Policy Report summarized news and information on global health policy from hundreds of sources, from May 2009 through December 2020. All summaries are archived and available via search.

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