
Pharma Competes to Improve Medicines Access in Developing Countries
European pharmaceutical companies are outdoing their US counterparts when it comes to making medicines available to developing countries, according to the Access to Medicine Index, which analyzes and ranks the access to medicine efforts of the world's largest pharma companies.
European pharmaceutical companies are outdoing their US counterparts when it comes to making medicines available to developing countries, according to the Access to Medicine Index, which analyzes and ranks the access-to-medicine efforts of the world’s largest pharmaceutical companies.
The index, established by the international Access to Medicine Foundation, encourages drug companies to compete in improving access to medicine for societies in need, and also offers investors and others a way to compare social responsibility records. Companies are assessed in management, influence, research and development, pricing, patenting, capability, and philanthropy.
The leader of the
“I believe the index can encourage both originator and generics companies to increase their contributions. In fact, we now have good evidence that the index is working: several companies clearly made significant efforts to improve their performance and ranking in the 2010 index,” Wim Leereveld, Chairman and Founder of the Access to Medicine Foundation, explained in the
For instance, a
Since 2008, the Access to Medicine Foundation reported a number of trends, including the increased sharing of intellectual property such as compound libraries for research purposes; an increase in the number of research collaborations targeting areas of need; and the development of several promising innovative approaches to access. For the high-ranking originator companies, the foundation also noticed increased collaboration with generic-drug companies, especially through non-exclusive voluntary licensing arrangements.
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