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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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Europa League: Eriksen scores first Inter Milan goal, Ajax lose at Getafe

first_imgRelatedPosts Vidal lands in Milan to complete move from Barca to Inter Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U Inter Milan midfielder Christian Eriksen scored his first goal for the club since last month’s move from Tottenham Hotspur to set up a 2-0 win at Ludogorets Razgrad in the Europa League on Thursday. Manchester United were held 1-1 at Club Brugge and Getafe pulled off a surprise 2-0 home win over last year’s Champions League semi-finalists Ajax in other round-of-32, first-leg ties. Inter were frustrated by more than an hour by their Bulgarian opponents until Eriksen fired a low shot into the net from just outside the penalty area in the 71st minute. Romelu Lukaku sealed the win with a stoppage-time penalty, the Belgian striker’s 22nd goal of the season, after Anicet Andrianantenaina was judged to have handled following a VAR review. United were quickly in trouble in Belgium when Emmanuel Dennis lobbed the ball over Sergio Romero to give Brugge a 15th-minute lead. But Anthony Martial levelled in the 36th minute when he raced through to place a shot past Simon Mignolet. United, with new midfield signing Bruno Fernandes on the bench, struggled to create many chances, although conditions were difficult with heavy rain and a strong wind. Brazilian pair Deyverson and Kenedy scored in each half for Getafe against Ajax. Deyverson finished off a well-worked free kick to celebrate his European debut for the La Liga club with a goal after 38 minutes and Kenedy broke clear to add a second in the last minute. In other matches, Daichi Kamada scored a hat-trick to help Eintracht Frankfurt to a 4-1 win over coach Adi Huetter’s former club RB Salzburg. Viktor Kovalenko scored the winner as Shakhtar Donetsk beat Benfica 2-1 and Sporting defeated Istanbul Basaksehir 3-1. Youssef En-Nesyri equalised as Sevilla rescued a 1-1 draw at Cluj after Ciprian Deac had given the Romanians the lead with a penalty. Reuters/NAN.Tags: AjaxANthony MartialChristian EriksenEuropa LeagueInter MilanLudogorets RazgradManchester Unitedlast_img read more

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