Close X
Thursday, December 26, 2024
ADVT 
International

Pfizer to provide access to low income countries for Covid pill

Darpan News Desk IANS, 16 Nov, 2021 09:08 AM
  • Pfizer to provide access to low income countries for Covid pill

New Delhi, Nov 16 (IANS) Pfizer Inc and the Medicines Patent Pool (MPP), a United Nations-backed public health organisation working to increase access to life-saving medicines for low- and middle-income countries, on Tuesday announced the signing of a voluntary license agreement for Pfizer's Covid-19 oral antiviral treatment candidate which is administered in combination with low dose ritonavir.

The agreement will enable MPP to facilitate additional production and distribution of the investigational antiviral, pending regulatory authorization or approval, by granting sub-licenses to qualified generic medicine manufacturers, with the goal of facilitating greater access to the global population.

Under the terms of the head license agreement between Pfizer and MPP, qualified generic medicine manufacturers worldwide that are granted sub-licenses will be able to supply PF-07321332 in combination with ritonavir to 95 countries, covering up to approximately 53 per cent of the world's population.

This includes all low-and lower-middle-income countries and some upper-middle-income countries in Sub-Saharan Africa as well as countries that have transitioned from lower-middle to upper-middle-income status in the past five years.

Pfizer will not receive royalties on sales in low-income countries and will further waive royalties on sales in all countries covered by the agreement while Covid-19 remains classified as a Public Health Emergency of International Concern by the World Health Organization.

"Pfizer remains committed to bringing forth scientific breakthroughs to help end this pandemic for all people. We believe oral antiviral treatments can play a vital role in reducing the severity of Covid-19 infections, decreasing the strain on our healthcare systems and saving lives," said Albert Bourla, Chairman and Chief Executive Officer, Pfizer. "We must work to ensure that all people - regardless of where they live or their circumstances - have access to these breakthroughs, and we are pleased to be able to work with MPP to further our commitment to equity."

"This license is so important because, if authorized or approved, this oral drug is particularly well-suited for low-and middle-income countries and could play a critical role in saving lives, contributing to global efforts to fight the current pandemic," said Charles Gore, Executive Director of MPP. "PF-07321332 is to be taken together with ritonavir, an HIV medicine we know well, as we have had a license on it for many years, and we will be working with generic companies to ensure there is enough supply for both Covid-19 and HIV."

MORE International ARTICLES

Joe Biden's ties with Kamala Harris are in crisis

Joe Biden's ties with Kamala Harris are in crisis
US President Joe Biden's ties with Vice President Kamala Harris is in crisis, with the latter's staff furious that she is being 'sidelined', while the President's team is increasingly frustrated by how Harris is playing with the American public, the Daily Mail reported.

Joe Biden's ties with Kamala Harris are in crisis

Indian American student dies after being trampled at music concert

Indian American student dies after being trampled at music concert
An Indian American student has died after being trampled at a rap music concert in Houston,Texas. Bharti Shahani, 22, died on Wednesday from injuries she suffered in the incident on Saturday, her family said at a news conference on Thursday.

Indian American student dies after being trampled at music concert

Indian-origin consultant charged in $450K insider trading scheme

Indian-origin consultant charged in $450K insider trading scheme
An Indian-origin partner in a global consulting firm has been arrested and charged in an alleged insider trading scheme that netted him about $450,000, according to federal officials.

Indian-origin consultant charged in $450K insider trading scheme

Authorities probe bomb threats at NYU

Authorities probe bomb threats at NYU
Local authorities have conducted investigations after New York University (NYU) evacuated multiple buildings due to bomb threats. The locations were soon evacuated, according to the university. Police conducted a search and later issued an all clear, reports Xinhua news agency.

Authorities probe bomb threats at NYU

US opens border to fully vaccinated int'l travellers

US opens border to fully vaccinated int'l travellers
International flight arrivals are expected to rise 11 per cent on Monday over a similar day in October at Newark Liberty and John F. Kennedy international airports, with 253 flights scheduled to arrive, according to the Port Authority of New York and New Jersey, Xinhua news agency reported.

US opens border to fully vaccinated int'l travellers

Indian-American police officer wounded in shooting

Indian-American police officer wounded in shooting
Paramhans Desai, 38, was shot when he arrived at a house in McDonough in Georgia state on the evening of November 4 as he tried to make an arrest, local county Sheriff Reginald Scandrett said at a news conference. The attacker pulled away and drew a handgun and shot Desai before fleeing in a car, Scandrett said.

Indian-American police officer wounded in shooting

PrevNext