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

3rd major COVID-19 vaccine shown to be effective and cheaper

3rd major COVID-19 vaccine shown to be effective and cheaper
The results are based on an interim analysis of trials in the U.K. and Brazil of a vaccine developed by Oxford University and manufactured by AstraZeneca.

3rd major COVID-19 vaccine shown to be effective and cheaper

Pfizer seeking emergency use of its COVID-19 vaccine in US

Pfizer seeking emergency use of its COVID-19 vaccine in US
The action comes days after Pfizer Inc. and its German partner BioNTech announced that its vaccine appears 95% effective at preventing mild to severe COVID-19 disease in a large, ongoing study.

Pfizer seeking emergency use of its COVID-19 vaccine in US

Some of Trump's trade legacy to linger under Biden

Some of Trump's trade legacy to linger under Biden
Future administrations, be they Democrat or Republican, are unlikely to forget the lessons of 2016 any time soon, a panel of trade experts agreed Thursday.

Some of Trump's trade legacy to linger under Biden

Leaders honour veterans ahead of Remembrance Day

Leaders honour veterans ahead of Remembrance Day
Prime Minister Justin Trudeau, along with other federal party leaders, rose in the House of Commons Thursday to pay their own tributes ahead of the Nov. 11 commemorations.

Leaders honour veterans ahead of Remembrance Day

Crowds stand vigil as ballots counted in Philly

Crowds stand vigil as ballots counted in Philly
With police keeping a respectful distance, supporters of Democratic nominee Joe Biden danced in the streets at the corner of Arch and South 12th St., while watching the dozen or so Donald Trump supporters on the other side of waist-high barricades.

Crowds stand vigil as ballots counted in Philly

WATCH: France Alert as Terrorist Strikes Nice Again | "Islamic Terrorism" says President Macron

WATCH: France Alert as Terrorist Strikes Nice Again |
WATCH: A deadly terrorist attack has targeted France. According to Police, three people have been killed in a knife attack at a church in the French city of Nice.

WATCH: France Alert as Terrorist Strikes Nice Again | "Islamic Terrorism" says President Macron