Founding , co-author of the concept of CEPI, and board member The concept for CEPI was outlined in a July 2015 paper in
The New England Journal of Medicine, titled "Establishing a Global Vaccine-Development Fund", co-authored by British medical researcher
Jeremy Farrar (a director of
Wellcome Trust), American physician
Stanley A. Plotkin (co-discoverer of the
Rubella vaccine), and American expert in infectious diseases
Adel Mahmoud (developer of the
HPV vaccine and
rotavirus vaccine). Their concept was further expanded at the 2016 WEF in Davos, where it was discussed as a solution to the problems encountered in developing and distributing a vaccine for the
Western African Ebola virus epidemic. India joined a short time afterwards. In a launch interview with the
Financial Times (FT), Gates said that a key goal was to reduce the time to develop vaccines from 10 years to less than 12 months. The
FT reported CEPI would "build the scientific and technological infrastructure for developing vaccines quickly against pathogens that emerge from nowhere to cause a global health crisis, such as Sars in 2002/03 and Zika in 2015/16", and fund research papers on the costs and process of vaccine development. At launch, Norwegian physician
John-Arne Røttingen, who led the steering committee for Ebola vaccine trials, served as interim CEO, and CEPI was based at the
Norwegian Institute of Public Health in Oslo. In April 2017, Richard J. Hatchett, former director of the U.S. government's
Biomedical Advanced Research and Development Authority (BARDA), became the full-time CEO. Hatchett was also a member of the
United States Homeland Security Council under
George W. Bush, and the
United States National Security Council, under
Barack Obama. Also in April 2017, CEPI opened an additional office in London, and in October 2017, a further office was opened in Washington, D.C.
Nature later stated, "It is by far the largest vaccine development initiative ever against viruses that are potential epidemic threats". In 2020, CEPI was identified by several media outlets as a "key player in the race to develop a vaccine" for
coronavirus disease 2019. A funding target of US$1 billion was set for the first 5 years of operation (i.e. by January 2022). As part of its funding structure, CEPI has used "vaccine bonds" to "frontload" multi-year sovereign funding pledges. In 2019, the
International Finance Facility for Immunisation (IFFIm) issued NOK 600 million in vaccine bonds to front-load the commitment by Norway, through
Gavi, the Vaccine Alliance, to CEPI. In March 2019, the
European Commission granted access to CEPI into the EU's
Horizon 2020 programme, and a longer-term financial funding programme. CEPI note presentations that the EU's financial commitment amounts to US$200 million, which when added to the seed amount (including the full German commitment), came to US$740 million. By February 2020,
Bloomberg News reported that CEPI had raised a total of US$760 million with additional donations from the governments of Australia, Belgium, Canada, and the U.K. In January 2022, The Wellcome Trust and the Bill & Melinda Gates Foundation pledged $300 million to CEPI. This is part of CEPI's effort to enable the world to reduce vaccine development timelines to 100 days.
Mission The founding mission of CEPI was "equitable access" in pandemics: selling vaccines to developing nations at affordable prices. contained specific measures to prevent some of these market problems. All vaccine-manufacturing contracts would need initial approval by a public review board. The policy also stated that vaccine prices would be set at levels affordable to those needing vaccines and sustainable to the manufacturer. the CEPI retained "step-in" rights: the right to license and use intellectual property developed with CEPI funds for vaccine production, even if the company that had received the funding and taken ownership of the IP later withdrew from the agreement with CEPI. The policy changes met with strong criticism, led by
Médecins Sans Frontières. CEPI was also criticized for not following its own policies on transparency, and for removing the requirement that CEPI's board review CEPI's contracts. It said that several unnamed vaccine manufacturers had declared that they could not work with the CEPI under the original policy. It said that the policy change did not reflect a change in commitment to access, and CEPI would still retain the right to do
research and development using
intellectual property it had funded, if the old partner was unable to continue. It also said that the CEPI would retain the right to find a new manufacturer if the old manufacturer could not continue, provided the old manufacturer agrees to the transfer of the information and intellectual property to the new one.
Reception The coalition was nominated for the 2021
Nobel Peace Prize by Norwegian MP
Carl-Erik Grimstad. ==Structure==