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			 Stung by the devastation of West Africa's 2014-2015 Ebola outbreak, 
			which killed more than 11,300 people before an effective vaccine was 
			developed, the coalition is aiming to ensure such deadly outbreaks 
			can't happen again. 
 John-Arne Rottingen, interim chief executive officer of the 
			Coalition for Epidemic Preparedness Innovations (CEPI), said it is 
			designed as "a global insurance policy against epidemic and pandemic 
			threats".
 
 CEPI's founders used the World Economic Forum in Davos to announce 
			its launch, with initial funding of $460 million from the 
			governments of Germany, Japan and Norway, the Bill & Melinda Gates 
			Foundation and the Wellcome Trust global health charity.
 
 Bill Gates, co-chair of the Gates Foundation and a leading global 
			health philanthropist, said recent major viral disease epidemics - 
			Ebola and Zika - showed how the world "is tragically unprepared to 
			detect local outbreaks and respond quickly enough to prevent them 
			from becoming global pandemics".
 
			 
			"Without investments in research and development, we will remain 
			unequipped when we face the next threat," he said. "The ability to 
			rapidly develop and deliver vaccines when new unknown diseases 
			emerge offers our best hope to outpace outbreaks, save lives and 
			avert disastrous economic consequences."
 The initial commitments mean CEPI has raised nearly half the $1 
			billion it needs for its first five years. It is now calling for 
			proposals from researchers and companies who want to work on 
			developing shots against its first target diseases - the Middle East 
			Respiratory Syndrome (MERS), Lassa and Nipah viruses.
 
 Rottingen said all these have shown the capacity to spread across 
			borders and become fast-growing outbreaks causing death and illness. 
			CEPI aims to drastically shorten the time it takes to make vaccines 
			to protect against these and other viruses, which can emerge 
			suddenly as global public health threats.
 
 Jeremy Farrar, director of the Wellcome Trust, told Reuters CEPI 
			aims to develop two vaccine candidates against each disease before 
			any epidemic, so they are ready for rapid deployment in field trials 
			if and when an outbreak starts.
 
			
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			He noted that with Ebola, despite huge international efforts to work 
			faster, a vaccine was developed and validated as 100 percent 
			protective only in the final months of the West Africa epidemic, 
			after thousands had been infected and killed in Guinea, Sierra Leone 
			and Liberia.
 "This partnership is trying to make sure the horror of Ebola is not 
			forgotten," he said. "There are moments in time that have to be 
			seized."
 
 CEPI is also backed by major pharmaceutical companies, the World 
			Health Organization and the international health charity Médecins 
			Sans Frontières (MSF).
 
 Joanne Liu, head of MSF, welcomed the launch of CEPI but said price, 
			safety and speed were crucial. "For new vaccines to be game 
			changers, they must be developed and tested before outbreaks hit and 
			made accessible and affordable for all communities in times of 
			health crisis," she said.
 
 (Reporting by Kate Kelland; Editing by Mark Trevelyan)
 
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