1. Global strategies
  2. Reducing cost of drugs

Reducing cost of drugs

  • Improving access to medicines for the poor
  • Lowering price of phramaceuticals

Context

There is still a great deal to be done to improve the poorest people's access to essential medicines. Health care providers and consumers in the poorest countries need the lowest possible prices to make essential medicines affordable to all. The challenge for the international community, research-based companies, and generic pharmaceutical producers is to achieve this on a sustainable basis.

Implementation

In 2002, the European Commission presented to the WTO a document concerning the countries with insufficient manufacturing capacity in the pharmaceutical sector, also proposing that WTO to create an exception in the Trade-related intellectual property rights (TRIPS) Agreement. The idea is not to eliminate the protection of intellectual property. It is rather to allow members to export to developing countries, without quantitative limits, pharmaceutical products produced under compulsory licence, thus allowing countries without production capacity to call on other countries to import the necessary pharmaceutical products.

Claim

WHO and the EU agree that WTO members need to find a sustainable, balanced, and workable solution for these countries. The solution should be applicable in the shortest possible time. The solution should also be supportive of WTO Members' right to protect public health and to promote access to medicines for all. The EU and WHO will continue to analyse the effects of abolishing tariffs and taxes on medicines imported into developing countries.

Some people are using veterinary medicines and medication designed for their pets, some of which are available for sale online; for example antibiotics intended for fish can be bought from pet stores.

Broader

Reducing costs
Yet to rate

Narrower

Constrains

Peddling drugs
Yet to rate

Facilitates

Facilitated by

Related

Problem

Value

Costliness
Yet to rate

SDG

Sustainable Development Goal #3: Good Health and Well-beingSustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
Global strategies
Type
(D) Detailed strategies
Subject
  • Commerce » Purchasing, supplying
  • Health care » Pharmacy
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Sep 25, 2020