Further to points #12 and #19 in the article I put out yesterday:
#12 According to Alternet, “11 of the 12 new-to-market drugs approved by the Food and Drug Administration were priced above $100,000 per-patient per-year” in 2012.
and
#19 It turns out that dealing drugs is extremely profitable. The 11 largest pharmaceutical companies combined to rake in approximately $85,000,000,000 in profits in 2012.
..... I think that many readers will find this little look at transparency from within Big Pharma very Illuminating
|
+2
The CEO of phamaceutical giant Bayer has sparked fury after announcing one of the firm's drugs was for 'western patients who can afford it'.
Marijn Dekkers made the inflammatory comments after the Indian company Natco Pharma Ltd. were granted a government licence to produce a copy of Bayer’s cancer drug Nexavar which they will sell for 97 per cent less than the original product.
Under Indian law the government grants compulsory licenses to domestic firms to produce copies of drugs if the original isn’t available locally at a reasonable price, regardless of whether they are under patent.
Mr Deekers, who has previously described India's patent laws as 'essentially theft', said: 'We did not develop this medicine for Indians. We developed it for western patients who can afford it.'
Nexavar, which is also known as Sorafenib, has been approved for the treatment of kidney cancer, advanced liver cancer (hepatocellular carcinoma), and thyroid cancers that are resistant to radioactive iodine treatment.
Currently a kidney cancer patient would pay $96,000 (£58,000) for a year's course of the Bayer-made drug. However the cost of the Natco version would be around $2,800 (£1,700).
Mr Deekers later posted a comment on a Forbes magazine blog claiming he regretted the way the comment was received.
He wrote: 'I regret that what was a quick response from me within the framework of a panel discussion at the recent FT Pharma conference has come across in a different way as it was meant by myself.
'However, I was particularly frustrated by the Indian government’s decision, to not protect a patent on Nexavar that was given to us by the Indian patent authority.
+2
'I remain firm that there is no excuse for any country to weaken the intellectual property rights. Without new medicines people in developing countries – as well as those in the more prosperous countries – ultimately will all suffer.'
Dr Manica Balasegaram, the Executive Director, Médecins Sans Frontières Access Campaign, which is trying to increase the availability of cancer drugs in developing countries said Mr Dekker's comments summed up 'everything that is wrong with the multinational pharmaceutical industry.'
She added: 'Bayer is effectively admitting that the drugs they develop are deliberately going to be rationed to the wealthiest patients. This is a side-effect of the way drugs are developed today.
'Pharmaceutical companies are singularly focused on profit and so aggressively push for patents and high drug prices. Diseases that don’t promise a profit are neglected, and patients who can’t afford to pay are cut out of the picture.
'Drug companies claim to care about global health needs, but their track record says otherwise.'
However other commentators have pointed out that drug companies need to be able to charge high prices in order to continue the vital research and development.
#12 According to Alternet, “11 of the 12 new-to-market drugs approved by the Food and Drug Administration were priced above $100,000 per-patient per-year” in 2012.
and
#19 It turns out that dealing drugs is extremely profitable. The 11 largest pharmaceutical companies combined to rake in approximately $85,000,000,000 in profits in 2012.
..... I think that many readers will find this little look at transparency from within Big Pharma very Illuminating
We didn't make this medicine for Indians… we made it for western patients who can afford it': Pharmaceutical chief tries to stop India replicating its cancer treatment
- Indian firm granted government licence to produce copy of a Bayer drug
- Nexavar is used for the treatment of kidney, liver and thyroid cancers
- A patient would pay £58,000 for a year's course of the Bayer version
- However the cost of the Natco version would be around £1,700
- Bayer CEO Marijn Dekkers made comments during a panel discussion
- He has previously described India's patent laws as 'essentially theft'
|
+2
Bayer CEO Marijn Dekkers said one of his firm's drugs was for 'western patients who can afford it'
The CEO of phamaceutical giant Bayer has sparked fury after announcing one of the firm's drugs was for 'western patients who can afford it'.
Marijn Dekkers made the inflammatory comments after the Indian company Natco Pharma Ltd. were granted a government licence to produce a copy of Bayer’s cancer drug Nexavar which they will sell for 97 per cent less than the original product.
Under Indian law the government grants compulsory licenses to domestic firms to produce copies of drugs if the original isn’t available locally at a reasonable price, regardless of whether they are under patent.
Mr Deekers, who has previously described India's patent laws as 'essentially theft', said: 'We did not develop this medicine for Indians. We developed it for western patients who can afford it.'
Nexavar, which is also known as Sorafenib, has been approved for the treatment of kidney cancer, advanced liver cancer (hepatocellular carcinoma), and thyroid cancers that are resistant to radioactive iodine treatment.
Currently a kidney cancer patient would pay $96,000 (£58,000) for a year's course of the Bayer-made drug. However the cost of the Natco version would be around $2,800 (£1,700).
Mr Deekers later posted a comment on a Forbes magazine blog claiming he regretted the way the comment was received.
He wrote: 'I regret that what was a quick response from me within the framework of a panel discussion at the recent FT Pharma conference has come across in a different way as it was meant by myself.
'However, I was particularly frustrated by the Indian government’s decision, to not protect a patent on Nexavar that was given to us by the Indian patent authority.
+2
Nexavar: Currently a kidney cancer patient would
pay (£58,00 for a year's course of the Bayer-made drug. However the
cost of the Natco version would be around £1,700
'I remain firm that there is no excuse for any country to weaken the intellectual property rights. Without new medicines people in developing countries – as well as those in the more prosperous countries – ultimately will all suffer.'
Dr Manica Balasegaram, the Executive Director, Médecins Sans Frontières Access Campaign, which is trying to increase the availability of cancer drugs in developing countries said Mr Dekker's comments summed up 'everything that is wrong with the multinational pharmaceutical industry.'
She added: 'Bayer is effectively admitting that the drugs they develop are deliberately going to be rationed to the wealthiest patients. This is a side-effect of the way drugs are developed today.
'Pharmaceutical companies are singularly focused on profit and so aggressively push for patents and high drug prices. Diseases that don’t promise a profit are neglected, and patients who can’t afford to pay are cut out of the picture.
'Drug companies claim to care about global health needs, but their track record says otherwise.'
However other commentators have pointed out that drug companies need to be able to charge high prices in order to continue the vital research and development.
