GSK moves to help generate cheaper drugs for NTDs

14 Feb
Published by MatTodd

Community 

general open research

Potentially very interesting news that GSK are looking to provide/find cheaper drugs for underdeveloped countries. From the article:

"[Witty] said that GSK will:
Cut its prices for all drugs in the 50 least developed countries to no more than 25% of the levels in the UK and US “ and less if possible “ and make drugs more affordable in middle- income countries such as Brazil and India.

Put any chemicals or processes over which it has intellectual property rights that are relevant to finding drugs for neglected diseases into a "patent pool", so they can be explored by other researchers.

Reinvest 20% of any profits it makes in the least developed countries in hospitals, clinics and staff.

Invite scientists from other companies, NGOs or governments to join the hunt for tropical disease treatments at its dedicated institute at Tres Cantos, Spain."