Wed | Jul 6, 2022

Pfizer to offer low-cost medicines, vaccines to poor nations

Published:Friday | May 27, 2022 | 12:48 AM
Albert Bourla, CEO of Pfizer, speaks at a press conference at the World Economic Forum in Davos, Switzerland, on Wednesday, May 25.
AP Albert Bourla, CEO of Pfizer, speaks at a press conference at the World Economic Forum in Davos, Switzerland, on Wednesday, May 25.

Pfizer said on Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries.

The drugmaker announced the programme at the World Economic Forum’s annual gathering in Davos, Switzerland, and said it was aimed at improving health equity in 45 lower-income countries. Most of the countries are in Africa, but the list also includes Haiti, Syria, Cambodia and North Korea.

The products, which are widely available in the United States and the European Union, include 23 medicines and vaccines that treat infectious diseases, some cancers, and rare and inflammatory conditions. Company spokeswoman Pam Eisele said only a small number of the medicines and vaccines are currently available in the 45 countries.

New York-based Pfizer will charge only manufacturing costs and “minimal” distribution expenses, Eisele said. It will comply with any sanctions and all other applicable laws.

The drugmaker also plans to provide help with public education, training for healthcare providers and drug supply management.

“What we discovered through the pandemic was that supply was not enough to resolve the issues that these countries are having,” Pfizer Chairman and CEO Albert Bourla said on Wednesday during a talk at Davos.

He noted that billions of doses of the company’s COVID-19 vaccine, Comirnaty, have been offered for free to low-income countries, mainly through the US government, but those doses can’t be used right now.

Pfizer’s plan will still leave many middle-income countries and other nations “to pay through the nose for lifesaving drugs they can’t afford,” said a statement from the People’s Vaccine Alliance, a grouping of human-rights organisations advocating for broader sharing of vaccines and their underlying technology. “We shouldn’t hail pandemic profiteers as heroes, even when they make qualified gestures like this,” the statement said.

Earlier this month, the head of the World Health Organization called on Pfizer to make its COVID-19 treatment more widely available in poorer countries.

Comirnaty brought in nearly US$37 billion in sales last year, and analysts expect the company’s COVID-19 treatment Paxlovid to add almost US$24 billion this year, according to the data firm FactSet.

– AP