GAVI said that the price it pays pneumococcal vaccines will be reduced under new agreements among GAVI, UNICEF, The World Bank, GlaxoSmithKline and Pfizer. GAVI said that under previous agreements both manufacturers offered pneumococcal vaccine at US$3.50 per dose, but that under new pricing arrangements Pfizer will provide the vaccine at $3.40 per dose with a further reduction to $3.30 per dose from 2014 onwards. The new prices will apply to all doses to be purchased from Pfizer under current contracts, including those awarded under two previous agreements. GSK will lower its price to $3.40 per dose for this new contract covering the period 2014-2024. GAVI purchases pneumococcal vaccines through UNICEF as part of an Advance Market Commitment (AMC) which “aims to accelerate the development of new products, bring forward supply availability and increase the introduction of appropriate and affordable vaccines to tackle pneumococcal disease.” The AMC involved is supported by the governments of Italy, the United Kingdom, Canada, the Russian Federation and Norway, and the Bill & Melinda Gates Foundation, which have committed a total of US$1.5 billion to the initiative. The AMC was launched in 2009 and is being implemented by GAVI, The World Bank and UNICEF.