Pfizer lowers drug costs for a few of world’s poorest nations

Pfizer stated Wednesday that it’ll present practically two dozen merchandise, together with its top-selling COVID-19 vaccine and therapy, at not-for-profit costs in among the world’s poorest nations.

The drugmaker introduced this system on the World Financial Discussion board’s annual gathering in Davos, Switzerland, and stated it was aimed toward enhancing well being fairness in 45 lower-income nations. A lot of the nations are in Africa, however the listing additionally consists of Haiti, Syria, Cambodia and North Korea.

The merchandise, that are broadly accessible within the U.S. and the European Union, embrace 23 medicines and vaccines that deal with infectious illnesses, some cancers and uncommon and inflammatory situations. Firm spokeswoman Pam Eisele stated solely a small variety of the medicines and vaccines are presently accessible within the 45 nations.

New York-based Pfizer will cost solely manufacturing prices and “minimal” distribution bills, Eisele stated. It should adjust to any sanctions and all different relevant legal guidelines.

China rejects World Well being Group’s criticism of “zero-COVID” technique


The drugmaker additionally plans to supply assist with public schooling, coaching for well being care suppliers and drug provide administration.

“What we found by means of the pandemic was that provide was not sufficient to resolve the problems that these nations are having,” Pfizer Chairman and CEO Albert Bourla stated Wednesday throughout a chat at Davos.

He famous that billions of doses of the corporate’s COVID-19 vaccine, Comirnaty, have been supplied without spending a dime to low-income nations, primarily by means of the U.S. authorities, however these doses cannot be used proper now.

Earlier this month, the pinnacle of the World Well being Group referred to as on Pfizer to make its COVID-19 therapy extra broadly accessible in poorer nations.

Comirnaty introduced in practically $37 billion in gross sales final 12 months, and analysts count on the corporate’s COVID-19 therapy Paxlovid so as to add virtually $24 billion this 12 months, in line with the information agency FactSet.

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