Close X
Tuesday, November 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

Pakistan to spend $1.1B on shots for adults

Pakistan to spend $1.1B on shots for adults
Pakistan will spend $1.1 billion in the next fiscal year to import COVID-19 vaccines to inoculate most of the 100 million adult population.

Pakistan to spend $1.1B on shots for adults

Police: Third victim dies in Miami banquet hall shooting

Police: Third victim dies in Miami banquet hall shooting
Shankquia Peterson, 32, died on Thursday afternoon, Miami-Dade police said in a news release. She was among the 23 people shot early Sunday during a rapper’s album release party at the El Mula Banquet Hall. Two of the victims remained in critical condition at a hospital, police said.

Police: Third victim dies in Miami banquet hall shooting

Biden offers vaccines for global sharing program

Biden offers vaccines for global sharing program
President Joe Biden plans to share COVID-19 vaccines with the world, including directing 75% of excess doses through the UN-backed COVAX global vaccine sharing program.    

Biden offers vaccines for global sharing program

Jill Biden getting Delaware beach day for her 70th birthday

Jill Biden getting Delaware beach day for her 70th birthday
President Joe Biden and his wife were heading to their Delaware beach house Wednesday evening to help the first lady celebrate that personal milestone on Thursday.

Jill Biden getting Delaware beach day for her 70th birthday

Trudeau commits $25M in aid for Palestinians

Trudeau commits $25M in aid for Palestinians
Canada will provide $25 million to Palestinian civilians affected by the recent conflict between the Israelis and the Palestinians in Gaza Strip and the West Bank, Prime Minister Justin Trudeau said Friday.

Trudeau commits $25M in aid for Palestinians

Biden marks vaccine progress, thanks troops ahead of holiday

Biden marks vaccine progress, thanks troops ahead of holiday
Biden sought to use the stop on Friday at Sportrock Climbing Centers — an 18,000-square-foot (1,670-square-meter) space of climbing and bouldering walls, a gym, and yoga studios — to celebrate progress made as the country looks to turn the corner on the coronavirus pandemic, which has killed more than 593,000 Americans and 3.5 million people worldwide.

Biden marks vaccine progress, thanks troops ahead of holiday