The UNITAID Executive Board adopted a resolution on December 15 2009 that gave the go ahead for the establishment of a legal entity to house the Medicines Patent Pool. UNITAID has committed to provide funds of up to US$ 4 million in 2010 for the start up, subject to the approval of the budget.
On 5 February 2010, the UNITAID Executive Board met again to discuss outstanding matters, including an analysis, carried out by the Secretariat, of the appropriate legal structure for the Pool and its relationship with UNITAID. The resolution following this meeting can be found here.
UNITAID is now working on the necessary legal documents and action steps for the establishment of the Medicines Patent Pool Foundation.