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Gates-Backed Group Commmits $300 Million to Ebola Vaccine

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The GAVI Alliance, the biggest provider of money for vaccines sent to developing countries, will commit as much as $390 million to buy Ebola shots and support their use in an effort to stop the deadly outbreak in West Africa.

The Geneva-based organization funded by governments and the Bill & Melinda Gates Foundation will pay as much as $300 million for 12 million courses of Ebola vaccines, it said in a statement today. GAVI will also provide as much as $45 million to roll out vaccines that win endorsement from the World Health Organization and a further $45 million to help Ebola-affected countries rebuild health systems and immunization services.