👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Pfizer donates Paxlovid to group targeting COVID in poorer countries

Published 09/07/2022, 09:04 AM
Updated 09/07/2022, 12:26 PM
© Reuters. FILE PHOTO: Paxlovid, Pfizer's anti-viral medication to treat the coronavirus disease (COVID-19), is displayed in this picture illustration taken in Medford, Massachusetts, U.S., May 12, 2022. REUTERS/Brian Snyder/Illustration/File Photo
PFE
-

By Jennifer Rigby

LONDON (Reuters) - Pfizer (NYSE:PFE) has donated 100,000 courses of its COVID-19 antiviral treatment Paxlovid to a new group aiming to improve access to the drug in low and middle-income countries.

The Covid Treatment Quick Start Consortium, set up by organizations including Duke University and the Clinton Health Access Initiative with support from the pharmaceutical company, said it is working with ministries of health in 10 countries to set up national test-and-treat programmes.

It aims for high-risk patients in some of the countries to start treatment by the end of this month, the group said in a statement on Wednesday.

While Paxlovid is widely available in many rich countries, availability has been severely restricted in poorer ones, echoing the disparities in the global COVID-19 response.

Pfizer has already agreed a deal with several generic drugmakers to produce its treatment at a lower price for low and middle-income countries. They are expected to sell their versions of the drug to the consortium when their products are approved, which is likely in the next few months.

Ahead of this, Pfizer's donation facilitates what is effectively a pilot programme in countries that already have some testing infrastructure in place, including Nigeria, Laos, Zimbabwe and Zambia.

Other groups are also aiming to broaden access and ensure the drug is used effectively worldwide.

© Reuters. FILE PHOTO: Paxlovid, Pfizer's anti-viral medication to treat the coronavirus disease (COVID-19), is displayed in this picture illustration taken in Medford, Massachusetts, U.S., May 12, 2022. REUTERS/Brian Snyder/Illustration/File Photo

The Drugs for Neglected Diseases Initiative (DNDI), for example, is seeking to run a trial to see if Paxlovid can still work well if treatment is started later than five days after symptoms begin, the current guidance for use.

That tight timeline could prove be a stumbling block in countries with under-resourced health systems, DNDI said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.