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Drug firms cut vaccine prices to the developing world

first_img Sharing is caring! Tweet Share HealthLifestyle Drug firms cut vaccine prices to the developing world by: – June 6, 2011 Sharecenter_img 30 Views   no discussions Share The vaccines will be sold at a price that covers the drugmakers’ costsSeveral major drugs companies have announced big cuts to the amounts they charge for their vaccines in the developing world.GlaxoSmithKline (GSK), Merck, Johnson & Johnson and Sanofi-Aventis have agreed to cut prices through the international vaccine alliance Gavi.GSK said it would cut the price of its vaccine for rotavirus by 67% to $2.50 (£1.50) a dose in poor countries.Rotavirus-related diarrhoea kills more than 500,000 children a year.The vaccine will be subsidised by higher prices being charged in richer countries.The rotavirus vaccine, for example, would cost about $50 in the US.‘Helped out’“What we need is a return to invest in the next generation of new vaccines and drugs and that has to come from the profits of the medicines or the vaccines,” Andrew Witty, chief executive of GSK told the BBC.“But it’s obvious that if you’re in Kenya or a slum in Malawi or somewhere like that there is no capacity for those people to contribute to it, so they have to be helped out by the contribution from the middle and the richer (countries).”Gavi is a partnership representing public and private sector organisations that helps to fund mass vaccination programmes in developing countries.It is committed to funding the introduction of rotavirus vaccinations in 40% of the poorest countries by 2015, but it faced a $3.7bn funding shortfall and so has been appealing for price cuts and donations.It will be holding a pledging conference in London on 13 June.Anti-poverty campaigners welcomed the move but also called on world leaders to act.“The pricing commitments announced today help drive momentum, but Gavi’s ambition to save four million lives in the next five years is only achievable if the international donor community steps up to the plate on 13 June,” said Jamie Drummond, executive director of campaign group ONE.Malaria vaccineMerck has said it will provide its own rotavirus vaccine for $5 a dose, coming down to $3.50 once more than 30 million doses have been sold.The price Gavi pays for pentavalent vaccines, which protect against diphtheria, tetanus, pertussis, hepatitis B and Haemophilus influenzae type B will be cut by two Indian firms, Serum Institute and Panacea Biotec.GSK also said it was very close to developing the world’s first malaria vaccine, which is unusual because there is no market for it in the West.That means there is no opportunity for patients in richer countries to subsidise those in poorer countries.As a result, GSK said that if the vaccine comes to market it would be sold at a price that provides a small return of 5%, which would be used to fund the next generation of malaria treatments.Save the Children called on other companies to replicate the “landmark move” which it said could prevent hundreds of thousands of “needless deaths”.“It’s important that Gavi now uses this to spur other vaccine producers to reduce prices and work to foster greater competition amongst producers to drive prices down even further and help even more children,” said chief executive Justin Forsyth.BBC Newslast_img read more

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Ronaldo, Ibrahimovic set for Italian Cup clash

first_imgIbrahimovic, 38, has scored three goals since returning to Milan last month.The Swede headed in the second goal on Sunday after setting up the first, but Inter hit back with four second-half strikes.“I showed that I can still make a difference, even at 38,” he said.But Inter striker Romelu Lukaku will be looking to upstage the two other former Manchester United players against Napoli in the other last-four first leg on Wednesday.Gennaro Gattuso’s Napoli, despite their current slump, ousted holders Lazio in the quarter-finals.“There’s a new king in town,” a jubilant Lukaku wrote on Twitter after scoring the fourth goal for Inter in Sunday’s derby.“We run this town.”The Belgian was replying to Ibrahimovic’s pre-derby post saying that “lions don’t compare themselves to humans”. Cristiano Ronaldo and Zlatan Ibrahimovic are set to go head-to-head in Thursday’s Italian Cup semi-final, first leg between Juventus and AC Milan at the San Siro.Advertisement Lukaku claimed that there is a “new king in town”Juventus coach Maurizio Sarri has reason to be worried by his side’s away form, with the defending Serie A champions having lost their last two games on the road.“I hope that someone will help me, it’s something we have to resolve,” Sarri said after the loss to Verona.“Right now we have a difference in performance between home and away.”Juventus are bidding to reclaim the trophy which they held for four seasons until losing to eventual runners-up Atalanta in the quarters last year.Antonio Conte’s Inter are the only one of the four semi-finalists to win in Serie A at the weekend, with Napoli crashing to a 3-2 defeat by lowly Lecce.Inter’s victory lifted them ahead of Juventus on goal difference at the top of the table, as they target their first Scudetto since 2010.The second-leg ties will take place on March 4 and 5.FixturesSemi-finals, first legWednesdayInter Milan v Napoli (1945GMT)ThursdayAC Milan v Juventus (1945GMT)FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content6 Major TV Characters We Were Relieved To See Leaving The ShowPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiCouples Who Celebrated Their Union In A Unique, Unforgettable Way12 Flicks That Almost Ended Their Stars’ CareersWhat Happens When You Eat Eggs Every Single Day?Best Car Manufacturers In The World10 Most Praised Historical Movies7 Things That Actually Ruin Your Phone7 Black Hole Facts That Will Change Your View Of The Universe10 Hyper-Realistic 3D Street Art By Odeith7 Facts About Black Holes That Will Blow Your Mind5 Of The World’s Most Unique Theme Parks “It wasn’t the result we wanted,” said the 35-year-old Ronaldo despite becoming the first Juventus player to score in 10 successive league games, just one game short of the Serie A record.The five-time Ballon d’Or winner has scored 23 goals in all competitions this season. Both Ronaldo and Ibrahimovic scored at the weekend in defeats as Juventus fell 2-1 at Hellas Verona, while AC Milan threw away a two-goal lead in a 4-2 defeat by city rivals Inter.last_img read more

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