Vaccine manufacturers are often criticized for investing in shots aimed at high-margin Western markets, while neglecting diseases affecting the developing world. This week, the Bill & Melinda Gates Foundation set up a project to spur development in neglected areas by cutting the financial risk of early research.
GlaxoSmithKline ($GSK) and Sanofi ($SNY) are the first companies to sign up to the project, called the Vaccine Discovery Partnership (VxDP). Under VxDP, the Gates Foundation will work directly with biopharma companies on projects that further its goals and span from preclinical through to Phase IIa. By providing financial support for the projects, the Gates Foundation hopes to make early-phase vaccine research a less risky proposition for the industry.