| answer text |
<p>The UK is at the forefront of efforts to develop a COVID-19 vaccine. At the G20
last month, the Prime Minister called on all governments to work together to develop
a vaccine as quickly as possible and make it globally available.</p><p>MedAccess,
initially called the Credit Facility for Access to Medicines, is a wholly-owned subsidiary
of CDC, the UK’s Development Finance Institution, which in turn is owned and funded
by DFID. MedAccess provides ‘volume guarantees’ to manufacturers to stimulate production
and increase the availability and affordability of medical supplies in developing
country markets across Africa and Asia. It has a track record of success with viral
testing kits to combat HIV and insecticide treated bednets to combat malaria. MedAccess
is in discussions with UN agencies and manufacturers to establish whether it can provide
financial guarantees to increase production and enable more rapid procurement of much
needed medical supplies at affordable prices to tackle the COVID-19 pandemic in low-
and middle-income countries.</p><p> </p><p> </p><p> </p><p> </p><p> </p>
|
|
