Effective AIDS Vaccine Years Away, Process Might Require Doubling of Funds, International AIDS Vaccine Initiative Report Says
July 12, 2004
With the introduction of an effective AIDS vaccine years away, the effort needs almost a doubling of funds, and researchers might have to "go back to the drawing board" if the current approach fails, according to a report by the International AIDS Vaccine Initiative, Reuters/Yahoo! News reports. In its biennial report on the state of research, presented Monday at the XV International AIDS Conference in Bangkok, Thailand, IAVI called for vaccine development funding of $1.3 billion annually, according to Reuters/Yahoo! News (Hirschler, Reuters/Yahoo! News, 7/12). IAVI President and CEO Seth Berkley said that annual spending on vaccine research is about $650 million -- less than 1% of the total spending on all HIV/AIDS product development, according to Agence France-Presse. HIV treatment options are "far more profitable" for pharmaceutical companies than vaccines to prevent the disease, Agence France-Presse reports. Berkley said that the "world is inching toward a vaccine, when we should be making strides," adding, "The single biggest obstacle is that vaccine development is not a top scientific, political and economic priority. Only a vaccine can end the epidemic."
Global HIV Vaccine Enterprise
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