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			 GAVI said the additional investments, which it hopes 
			to get mainly from global health philanthropists and the governments 
			of developed nations, could double the total number of lives saved 
			through GAVI-supported vaccines to an estimated 12 million. 
 "We are faced with an historic opportunity to support countries to 
			build sustainable immunization programs that will protect entire 
			generations of children," the group's chairman, Dagfinn Hoybraten, 
			said in a statement.
 
 "The investments we all make now can ensure the equivalent of two 
			children every second will be reached with GAVI-supported vaccines 
			for five years and secure the future health and economic prosperity 
			of all our children in years to come."
 
 
			 
			GAVI, which is backed by the Bill & Melinda Gates Foundation, the 
			World Health Organisation (WHO), the World Bank, UNICEF, donor 
			governments and others, funds immunization programs for poor nations 
			that cannot afford to buy vaccines at rich-world prices.
 
 The group targets common but deadly diseases such as pneumonia, 
			diarrhoea and cervical cancer and says it has already saved around 6 
			million lives since its launch in 2000.
 
 Seth Berkley, GAVI's chief executive, told Reuters that if the 
			alliance were to achieve its target of an extra $7.5 billion, this 
			would be added to $2 billion already in hand for the 2016 to 2020 
			period.
 
 This is around 15 percent more than GAVI has for the current 
			five-year period, he said, but an acceleration is necessary because 
			there are still around 1.5 million children who die each year of 
			vaccine-preventable diseases.
 
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			Berkley said the economic benefits of fully funded, sustainable 
			vaccine programs in poorer countries would result in between $80 and 
			$100 billion in gains, partly by cutting the costs of treating 
			illness, and increasing population productivity by keeping people 
			alive and well into adulthood.
 GAVI uses its private and government donors' backing to negotiate 
			with pharmaceutical firms such as GlaxoSmithKline, Merck and Pfizer 
			to bring down vaccine prices for the poor. It then works with 
			partners to bulk-buy and deliver them to countries whose populations 
			need them most.
 
 The group says its influence on the vaccines market so far has led 
			to a 37 percent decrease in the cost for a GAVI-eligible country to 
			vaccinate a child with pentavalent, pneumococcal and rotavirus 
			vaccines since 2010.
 
 (Editing by Alison Williams)
 
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