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Advance market commitment - Wikipedia

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An advance market commitment (AMC) is a promise to buy or subsidise a product if it is successfully developed. AMCs are typically offered by governments or private foundations to encourage the development of vaccines or treatments. In exchange, pharmaceutical companies commit to providing doses at a fixed price. This funding mechanism is used when the cost of research and development is too high to be worthwhile for the private sector without a guarantee of a certain quantity of purchases. The idea of advance market commitments was developed by economists in the 2000s. This idea was applied to finance the pneumococcal conjugate vaccine. During the Covid-19 crisis, the COVAX AMC provided 1.8 billion vaccine doses to 87 low and middle-income countries.[1] AMCs could be used to stimulate research on universal vaccines, which would contribute to pandemic preparedness. An AMC has also been launched for carbon-removal that meets certain technical specifications. In the case of vaccines, an a

Advance market commitment - Wikipedia Jump to content From Wikipedia, the free encyclopedia Funding mechanism for technologies This article may contain original research . Please improve it by verifying the claims made and adding inline citations . Statements consisting only of original research should be removed. ( February 2024 ) ( Learn how and when to remove this message ) An advance market commitment ( AMC ) is a promise to buy or subsidise a product if it is successfully developed. AMCs are typically offered by governments or private foundations to encourage the development of vaccines o

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