ZURICH - Novartis’s Sandoz division will not make a profit on 15 generic drugs it is making available to developing countries to treat symptoms of COVID-19, the Swiss drugmaker said on Thursday.
The Basel-based drugmaker plans to maintain the zero-profit programme until the pandemic ends or a vaccine or cure is found, Novartis Global Health Chief Operating Officer Lutz Hegemann said in an interview. “We are not targeting classical commercial distribution channels, but very direct channels, to influence that to the extent we can,” he said.
Data is expensive
Try your own country first!
What about low income people in the US? Oh they can fuck off and die, you say? Alright thanks!
Very good initiative & Novartis is following a similar step already taken 30 years ago by Pfizer when in South Africa -HIV drug. But, I have an issue per HCQ, which it withheld from the offer as reported by this article following restrictions in the U.S.?
Profit and total cost is a concept. It can be anything. Are they planning to sell at production cost or all-in cost including R&D etc?
Bwahahaha. The USA won’t give any vaccine to low income people. They will charge full price.
Precisely African countries. Yeah so that the experiment can work really good. I think America and UK needs it more.
I don't trust them I'm Researching their Company and subsidiaries
NowyOnlyoneprfctDntwstetmeDnt aplytmprymnylstwysNwarngmntsnt gaveUefctversltsBesnsbleStpdths RstreUractvtsAdpt100%rcvrytrtmnt RmveCorona/anyinfctsdngrsdissby NeemTonic2D'sdly(mdeNmtreelvs) SprmgclvccneEarthPrtctalnrv PrvdealtmeoxygnSetalorgnflof vtmnsNodthNosdefctVrskilerBldprtr
Nice✌🏻
This reminds me of the very rich making donations: they look philanthropists , but at the same time they're applying questionable ( to say the least) trade methods.
I would not trust this company.
Just what drugs
Low income, like America?
About time the pharma industry started paying forward.
Whose accountant gets to make that determination?
So, the US?
The United States have become one of those countries because of the incompetence of Pres. Donald Tramp to handle this virus or anything else. Good luck with the clean up on every aisle J.B.
Yeah...the poor will test it for them....if it goes wrong, oh well.
Does that include the US
But they are salivating at the profit margins in the US
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hospitals Stock Up on Covid-19 Drugs to Prepare for Second Wave in FallHospitals across the country are stocking up on drugs for treating Covid-19, hoping to avoid another scramble for critical medications should a second wave of the virus threaten new drug shortages. The second wave is already here, because we never did enough to stop the first wave... Now?
Source: WSJ - 🏆 98. / 63 Read more »
UK COVID-19 death toll nears 56,000 including suspected cases: Reuters tallyThe United Kingdom's COVID-19 death toll has hit 55,873, including suspected cases, according to a Reuters tally of official data sources that underline the country's status as one of the worst hit in the world. Come on Boris your brexiteer cult demands more. Not our finest hour!! Could have been managed a lot better. Come on Boris, get off the phone to Donnie and do your job. His way doesn't work
Source: Reuters - 🏆 2. / 97 Read more »
Can Reese Witherspoon Beat Lawsuit Over Awkward COVID-19 Lottery?In court papers, the actress argues that she wasn't offering an unlimited amount of free dresses to school teachers nationwide as appreciation for their hard work. Instead, educators were presented an 'opportunity.' ReeseW will likely think twice about any future kind gestures. Those sweet, lovely teachers are suing for their free dress. Laryssa Galvez, Judith Lindley, Natalie Anderson
Source: THR - 🏆 411. / 53 Read more »
India's tech hub, other towns back in lockdown amid COVID-19 surgeIndia's high-tech hub of Bengaluru will go back into a coronavirus lockdown for a week on Tuesday after a surge of infections, threatening to derail government efforts to revive a stuttering economy. This building is known as 'Washing Machine Building', Infosys Bangalore. While in Bangalore, I did visit this Building. Looks like a mega-MRT-device
Source: Reuters - 🏆 2. / 97 Read more »
Australia Grapples With New Surge In COVID-19 CasesAustralia is seeing a new surge in coronavirus cases. A health official for Victoria state, where Melbourne is located, announced 270 new cases on Tuesday and warned of hundreds of hospitalizations in the coming weeks. Why would Ron DeSantios do this? false positive tests. Well, it's winter there, so....
Source: NPR - 🏆 96. / 63 Read more »
Swiftly waning COVID-19 immunity poses vaccination challengeEmerging evidence that the body's immune defence against COVID-19 may be short-lived makes it even harder for vaccine developers to come up with shots fully able to protect people in future waves of infection, scientists said on Tuesday. FAKE NEWS 👎🏼 How much money do you receive for the news ? 😉 The body made them once, I'm sure it'll make them again. Jabbing me in the arm every 4 months, weakening my own immune system with your drugs ain't my thang, bruh. Big pharma gonna make billions and billions... cha ching! There's only one solid as a rock solution... 😷😷😷WEAR A MASK😷😷😷
Source: Reuters - 🏆 2. / 97 Read more »