Pfizer agreed to give a royalty-free licence to distribute its anti-coronavirus pills in almost 100 countries.
Pfizer won’t receive royalty income from the sale of the antiviral drug in 95 countries. This agreement was made with the Medicines Patent Pool, a UN-backed health organisation. MPP can grant sub-licenses. “qualified” Each country has its own generic drug manufacturers.
The countries covered by the deal comprise around 53% of the world’s population, Pfizer said. “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,” Pfizer CEO Albert Bourla said.
We must work to ensure that all people – regardless of where they live or their circumstances – have access to these breakthroughs.
The drug PF07321332, which is trademarked under the name Paxlovid was tested in a phase two/three study. It reduced hospitalization and death rates by 89% for patients with Covid-19 who received it within 3 days of symptom onset. This drug can be used in conjunction with low-dose ritonavir (a medication that is used to treat HIV/AIDS).
UN and WHO (World Health Organization) long urged companies to provide affordable vaccines for the developing world.
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