Gavi, the Vaccine Alliance, has signed a $5 million deal for an Ebola vaccine, to protect against future outbreaks of the deadly disease.
The deal commits pharmaceutical company Merck to keeping 300,000 vaccines ready for emergency use or further clinical trials.
It will also submit an application to license the vaccine by the end of 2017, which would the next step towards enabling Gavi to prepare a global stockpile.
More than 11,000 people have died in the latest Ebola outbreak in West Africa.
The sheer scale of the outbreak – the largest in history – led to an unprecedented push on vaccines, which condensed a decade’s work into less than a year.
Early evidence from studies in West Africa suggest it may give 100% protection, although more data is still being collected.
Gavi CEO Dr. Seth Berkley said: “The suffering caused by the Ebola crisis was a wake-up call to many in the global health community.
“New threats require smart solutions, and our innovative financing agreement with Merck will ensure that we are ahead of the curve for future Ebola outbreaks.”
Gavi is an alliance of public bodies and companies committed to saving lives through vaccination.
It announced the advanced-purchase commitment at the World Economic Forum held at Davos in the Swiss Alps.
The $5 million paid to Merck will be offset against any vaccines Gavi orders once the shot is licensed.
The World Health Organization declared West Africa Ebola-free last week, after all of the affected countries had gone 42 days without a case.
However, just hours later, a death in Sierra Leone was confirmed to be from Ebola.
The WHO has warned more flare-ups are expected.