The Portfolio Strategy & Management Board (PSMB) is the CEPI Management’s decision-making body with accountability for identification, selection, management and evaluation of CEPI’s Research & Development and Manufacturing (R&D&M) portfolio, which comprises vaccine candidate, platform technology, manufacturing and enabling sciences investments. The PSMB is accountable to the CEPI Leadership Team and operates as the Leadership Team’s delegated authority for R&D&M portfolio decision-making.