Pfizer to sell all its patented drugs at non-profit price in low-income countries

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NEW YORK - Pfizer will make all of its patented medicines including Covid-19 treatment Paxlovid and big-selling breast cancer drug Ibrance available at a not-for-profit price to 45 of the world's poo

NEW YORK - Pfizer will make all of its patented medicines including Covid-19 treatment Paxlovid and big-selling breast cancer drug Ibrance available at a not-for-profit price to 45 of the world's poorest countries, the drugmaker said on Wednesday .It can take four to seven years longer for new treatments to become available in low-income countries, according to the Bill & Melinda Gates Foundation, if they become available at all.

"But clearly the antiviral is going to be a very big deal for them - if they need it they can get it immediately," he said. The 27 low-income countries and 18 lower-income countries included in what Pfizer is calling"An Accord for a Healthier World" cover most of Africa and much of South-east Asia. Five countries - Rwanda, Ghana, Malawi, Senegal and Uganda - have already committed to joining the accord, which was announced at the World Economic Forum in Davos.

Pfizer has been criticized for how it rolled out its Covid-19 vaccine, with some poorer countries waiting for months after the earliest doses arrived in wealthier countries.

 

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