Related Stories
GlaxoSmithKline to 'drop patents in poor countries for better drug access'
Key Excerpts from Article on Website of BBC
Posted: April 11th, 2016
http://www.bbc.com/news/health-35933692
Pharmaceutical firm GlaxoSmithKline has said it wants to make it easier for manufacturers in the world's poorest countries to copy its medicines. The British company said it would not file patents in these countries. GSK hopes that by removing any fear of it filing for patent protection in poorer countries it will allow independent companies to make and sell versions of its drugs in those areas, thereby widening the public access to them. Sir Andrew said he hoped Africa would benefit most from the move. In accordance with international guidelines set out by the United Nations and World Bank, the company has drawn up a list of 50 countries with a combined population of about 1 billion people, where it has said it will not file for patents. The company has said it also wants to put all its future cancer drugs into a Medicines Patent Pool in an effort to address what it described as "the increasing burden of cancer in developing countries". The patents pool was established in 2010 and has proved successful in accelerating access to treatments such as HIV, tuberculosis and hepatitis C through voluntary licensing arrangements, which allow generic versions of GSK's drugs to be made and distributed in poorer countries. Expanding the pool to include cancer drugs will "add to the wider contribution GSK makes to improve access to effective healthcare around the world", the company said.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Related Stories
Top Inspiring News Articles
Top Inspiring News Articles from Years Past
