CEPI expands investment in COVID-19 vaccine development
[caption id="attachment_9277" align="aligncenter" width="747"] Press Release[/caption]
OSLO, NORWAY, March 10, 2020?? CEPI, the Coalition for Epidemic Preparedness Innovations, today announced the expansion of its COVID-19 vaccine portfolio. CEPI will be investing a further $4.4 million in partnering agreements with Novavax, Inc. and The University of Oxford to rapidly develop vaccine candidates against COVID-19. This brings CEPI?s total investment in COVID-19 vaccine R&D to $23.7 million.
CEPI will provide initial funding to Novavax to enable preparations for phase 1 trials. Funding for The University of Oxford project will support the manufacture of vaccine materials required for preclinical and phase 1 testing. Earlier this year, CEPI announced initial funding to?Curevac Inc.,?Inovio Pharmaceuticals Inc.,?Moderna, Inc., and?University of Queensland?to develop COVID-19 vaccine candidates using innovative platform technologies.
The investments announced today are a result of a recent global?call for proposals?that CEPI issued in early February, which invited funding applications for proven vaccine technology that could be used to rapidly develop a vaccine against the new coronavirus, and most importantly at scale and with the necessary equitable access provisions.