ABOUT US

Our history

We were formed in 2017 to tackle market inefficiencies that disrupt access to healthcare. Today, our three active guarantees are helping to increase access to healthcare products in underserved communities.

A group of children running on grass

Our story so far

MedAccess was established in November 2017. We were originally formed as The Credit Facility for Access to Medicines, in response to ongoing concerns within the global health community that access to medical supplies in low- and middle-income countries was being impeded by market inefficiencies.

MedAccess was founded by CDC Group plc, the UK’s development finance institution, with support from the Department for International Development (now replaced by the Foreign, Commonwealth & Development Office (FCDO)) and the Clinton Health Access Initiative (CHAI). MedAccess is a wholly-owned subsidiary of CDC.

We began work on our first volume guarantee in early 2018. This resulted in an agreement with Hologic – a medical technology company – to provide its Panther® viral load testing platform for HIV, hepatitis B and C (HBV and HCV) and human papillomavirus (HPV) to 12 countries  in sub-Saharan Africa, which was announced at the 2018 International AIDS Society Conference.

Negotiations and due diligence on a volume guarantee for BASF’s Interceptor® G2 insecticide-treated bed nets were conducted in 2019. The agreement, which will accelerate access to an innovative mosquito-control technology for communities in malaria-endemic countries, was announced at the Global Fund Replenishment Conference in Lyon in October 2019.

In July 2020, in response to COVID-19, we announced a partnership with UNICEF to increase and accelerate access to medical supplies for doctors and nurses on the frontlines of the pandemic.

MedAccess timeline

September

$200m capital authorised by CDC in preparation for MedAccess’ incorporation.

November

MedAccess formally incorporated. Michael Anderson begins work as CEO. Start of due diligence on Hologic Panther volume guarantee proposal.

2017
January

Nigel Keen appointed Board Chair. First $100 million of paid-in capital issued  by CDC.

July

Volume guarantee for Hologic’s Panther platform launched at AIDS 2018 conference.

August

Assessment of potential volume guarantee for BASF’s Interceptor G2 bed net begins.

2018
January

Panther volume guarantee starts.

March

MedAccess takes on responsibility as lead negotiator for proposed Interceptor G2 guarantee.

October

Interceptor G2 guarantee announced at Global Fund Replenishment event. Guarantee starts immediately, backdated to January 2019.

November

CDC pays in further $100 million capital, taking MedAccess’ capitalisation to $200 million.

2019
July

Following an expedited process, MedAccess announces a $50 million guarantee for UNICEF to accelerate procurement of vital COVID-19 medical supplies.

2020
March

One-year extension to UNICEF procurement guarantee for essential COVID-19 and non-COVID-19 products announced.

July

Launch of volume guarantee to catalyse access to Macleods’ 3HP latent tuberculosis treatment. The guarantee complements interventions from CHAI and Unitaid.

August

Financing agreement announced with Gavi and GSK to support continued production of RTS,S malaria vaccine antigen ahead of key policy and funding decisions.

November

Launch of volume guarantee announced with CHAI and SD Biosensor to catalyse access to dual HIV-syphilis rapid diagnostic test.

2021