Davos, Switzerland and Santa Clara, California (ots-PRNewswire) -
Yahoo! Inc. (Nasdaq: YHOO), a global Internet commerce,
communications and media company, today pledged US$5 million to
support the International AIDS Vaccine Initiative's (IAVI) effort to
mobilise global support for the organisation and accelerate the
development and delivery of a preventive AIDS vaccine for the world.
Yahoo! is the first major corporate sponsor to back IAVI.
Yahoo!'s three-year commitment to IAVI will be used to develop an
integrated campaign to raise awareness and funds across the Yahoo!
global network. It is the largest single grant Yahoo! has made to
date to an individual organisation.
"We are thrilled to have Yahoo! join IAVI as our first major
corporate sponsor," said Seth Berkley, M.D., president and chief
executive officer of IAVI, at the World Economic Forum in Davos.
"While a vaccine is the best hope of ending this pandemic, it is
clear that no single organisation can achieve this goal alone.
Yahoo!'s generous support will help us to create the broad-based
global movement that is necessary to help overcome the scientific,
political and economic challenges that lie ahead."
"Yahoo! is pleased to help the International AIDS Vaccine
Initiative mobilise worldwide support for the development of an AIDS
vaccine," said David Filo, co-founder of Yahoo!. He added, "AIDS is a
devastating global problem and we look forward to lending the power
of our global network to help find a solution."
Dr. Berkley added, "We hope that other corporations will follow
Yahoo's example and make a commitment to accelerate the development
of an AIDS vaccine for the world."
AIDS, the world's number one cause of death among infectious
diseases, killed 500,000 children and 2.5 million adults last year,
according to the World Health Organisation and UNAIDS. Despite
existing prevention efforts, last year 600,000 children and 4.6
million adults became infected with HIV, the virus that causes AIDS.
The pandemic is a global health catastrophe, and has reversed decades
of social and economic progress in sub-Saharan Africa and is
spreading rapidly in India, China and the former Soviet Union.
Recent scientific advances make it increasingly likely that a
vaccine of at least limited efficacy will be ready within a decade.
IAVI has one vaccine candidate already in human trials and is
supporting three more vaccines that are heading toward human trials.
The organisation has also committed to sponsoring eight to 12 new
vaccine candidates over the next five to seven years.
Yahoo! is a global Internet communications, commerce and media
company that offers a comprehensive, branded network of services to
more than 180 million individuals worldwide each month. As the first
online navigational tool for the Web, www.yahoo.com
is the leading
guide in terms of traffic, advertising and household and
business-user reach. Yahoo is the most recognised and valuable
Internet brand globally. The company also provides online business
services designed to enhance the Web presence of Yahoo!'s clients,
including audio and video streaming, store hosting and management and
Web site tools and services. The company's global Web network
includes 24 world properties. Yahoo!, headquartered in Santa Clara,
California, has offices in Europe, Latin America, Canada, The Asia
Pacific region and the United States.
The International AIDS Vaccine Initiative is an international
non-profit scientific organisation founded in 1996 whose mission is
to ensure the development of safe, effective, accessible, preventive
HIV vaccines for use throughout the world. IAVI's work focuses on
four areas: creating global demand for AIDS vaccines through advocacy
and education, accelerating scientific progress, encouraging
industrial involvement in AIDS vaccine development, and assuring
global access to a vaccine once it is developed. IAVI is a
collaborating centre of UNAIDS. IAVI's major supporters include the
Bill and Melinda Gates, Rockefeller, Sloan and Starr Foundations, the
World Bank, and governments of the United Kingdom, the Netherlands,
Canada, Ireland and the United States. For further information, visit
Note: Yahoo! and the Yahoo! logo are registered trademarks of
Yahoo! Inc. All other names are trademarks and/or registered
trademarks of their respective owners
ots Original Text Service: yahoo
Contact: Victor Zonana, 0-79-62-222-57, or firstname.lastname@example.org
, or Kay
Marshall, +1 212-847-1044, or email@example.com
, both of
International AIDS Vaccine Initiative; or Kate Grant of Yahoo! Inc.,
+1 408-992-7260, or, firstname.lastname@example.org
Web site: http://www.iavi.org
Web site: http://www.yahoo.com
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