A new way to tackle access challenges
MedAccess was born out of the recognition by global health partners including the Clinton Health Access Initiative (CHAI), the Bill & Melinda Gates Foundation and the former UK Department for International Development (DFID) that unpredictable healthcare markets are a major barrier to access in many countries.
DFID commissioned CDC Group, now British International Investment (BII), to develop an idea for an organisation focused on shaping healthcare markets in low- and middle-income countries. CDC’s investment experts developed the Credit Facility for Access to Medicine – later renamed MedAccess.
The company was established in November 2017 with the clear aim to blend private sector knowhow with public health expertise, using $200 million paid-in capital to negotiate agreements that reduced the price and increased availability of medical innovations.
We are independent and not for profit, with any operating surplus is invested into developing new agreements to speed up access to healthcare.
From first steps to growing impact
We announced our first agreement, with Hologic, in July 2018.
Since then, we have provided eight further guarantees to increase access to medical innovations that tackle HIV, malaria, tuberculosis, COVID-19 and syphilis.
To date, our guarantees have helped accelerate access to health products for more than 375 million people in over 90 countries.
BII remains MedAccess’ sole shareholder.
MedAccess timelineExpand all
Launch of procurement guarantee with the Open Society Foundations to help meet country demand for COVID-19 vaccines via COVAX’s cost-sharing mechanism.
Launch of volume guarantee to catalyse access to Wondfo’s HIV self-test, in partnership with CHAI.
Launch of volume guarantee to catalyse access to SD Biosensor’s G6PD testing devices and strips, in partnership with PATH.
Professor Helen Rees OBE appointed Board Chair.
UNICEF procurement guarantee for essential COVID-19 and non-COVID-19 products extended by one year.
Launch of volume guarantee to catalyse access to Macleods’ 3HP latent tuberculosis treatment, in partnership with CHAI and Unitaid.
Launch of innovative financing agreement with Gavi and GSK to support continued production of RTS,S malaria vaccine antigen ahead of key policy and funding decisions. MedAccess comes off risk in December when positive policy and funding decisions are announced.
Launch of volume guarantee to catalyse access to SD Biosensor’s HIV and syphilis dual test, in partnership with CHAI.
Launch of procurement guarantee for UNICEF to accelerate procurement of essential COVID-19 and non-COVID-19 supplies.
Launch of volume guarantee for BASF’s Interceptor® G2 mosquito nets announced at Global Fund replenishment event, in partnership with the Bill & Melinda Gates Foundation.
BII pays in further $100 million capital, taking MedAccess’ capitalisation to $200 million.
Nigel Keen appointed Board Chair. First $100 million of paid-in capital issued by BII.
Launch of volume guarantee for Hologic’s Panther® viral load testing platform announced at AIDS 2018 conference, in partnership with the Clinton Health Access Initiative (CHAI).
$200m capital authorised by British International Investment (BII) in preparation for MedAccess’ incorporation.
MedAccess formally incorporated. Michael Anderson begins work as CEO.