No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeCovid 19 UpdatesPfizer strikes global licensing deal for Covid pill

Pfizer strikes global licensing deal for Covid pill

US pharmaceutical giant Pfizer on Tuesday announced a deal to make its prospective antiviral Covid-19 pill available more cheaply in the world’s least wealthy countries.

Pfizer will sub-licence production of its promising Paxlovid pill to generic drug manufacturers for supply in 95 low- and middle-income nations covering around 53 percent of the world’s population.

Under the deal struck with the global Medicines Patent Pool (MPP), Pfizer — which also produces one of the most widely-used Covid vaccines with German lab BioNTech — will not receive royalties from the generic manufacturers, making the treatment cheaper.

The agreement is subject to the oral antiviral medication passing ongoing trials and regulatory approval.

The Pfizer drug is to be taken with the HIV medicine ritonavir.

Interim data from ongoing trials demonstrated an 89 percent reduction in the risk of Covid-19-related hospitalisation or death compared to a placebo, in non-hospitalised high-risk adults with Covid-19 within three days of symptom onset, said Pfizer.

Similar results were seen within five days of symptom onset, it added.

The Geneva-based MPP is a United Nations-backed international organisation that works to facilitate the development of medicines for low- and middle-income nations.

If approved, the pill could be on the market in “a matter of months”, MPP policy chief Esteban Burrone told AFP.

HIV drug mix

Pfizer will forego royalties on sales in all countries covered by the agreement while Covid-19 remains classified as a Public Health Emergency of International Concern by the World Health Organization.

Last month, the WHO maintained the highest level of alert over the spread of the SARS-CoV-2 virus that causes Covid-19.

Paxlovid, or PF-07321332, is an investigational antiviral therapy designed to block the activity of the SARS-CoV-2-3CL protease — an enzyme that the coronavirus needs to replicate.

Taking it together with a low dose of ritonavir helps slow the breakdown of PF-07321332. It therefore remains active in the body for a longer period at a high concentration, to help combat the virus.

The pill could potentially help patients avoid severe illness, which can lead to hospitalisation and death, Pfizer said.

“We believe oral antiviral treatments can play a vital role in reducing the severity of Covid-19 infections, decreasing the strain on our healthcare systems and saving lives,” said Pfizer chairman and chief executive Albert Bourla.

While a multitude of vaccines have been rolled out in the pandemic, the hunt for treatments for those who have already caught the disease has not been as fruitful.

Agreement follows Merck deal

The MPP was founded by Unitaid, which works on innovations to prevent, diagnose and treat major diseases in poorer countries.

“During a pandemic, saving time means saving lives. This agreement could help us to reach more people more quickly as soon as the medicine is approved,” said Unitaid executive director Philippe Duneton.

Potential sublicensees have until December 6 to register an expression of interest.

The announcement comes after the MPP signed a similar voluntary licensing deal with Pfizer’s US rivals Merck & Co last month for its investigational oral antiviral medicine molnupiravir.

Subject to regulatory approval, the deal will help create broad access to molnupiravir in 105 low- and middle-income countries.

Pills are easier to make than vaccines, do not require a cold chain for delivery and can be self-administered by the patient.

In terms of relieving health systems by preventing hospitalisations, “it’s a game changer”, said Burrone.

He said pricing for the Pfizer pill had not yet been set, but said that “in a competitive environment… the prices tend to come down” to a low level.

Doctors Without Borders (MSF) meanwhile suggested it might cost around $700 per Pfizer treatment course, in line with molnupiravir.

The medical charity said it was disheartened by the deal, saying restrictive voluntary licences were no substitute for guaranteed global access to Covid tools to bring the pandemic under control.

Trending Now

Dollar Stuck Near â‚¡450 as Costa Rica Keeps Policy Rate

The Banco Central de Costa Rica set its reference exchange rate on Wednesday at â‚¡449.80 for the purchase of United States dollars and â‚¡455.01...

Costa Rica’s Romería Reaches Its Peak With Major Security Operation

Costa Rica’s Romería entered its busiest time today as hundreds of thousands of pilgrims began converging on Cartago under one of the country’s largest...

Novak Djokovic Returns to Cincinnati With US Open History at Stake

Novak Djokovic will return to the Cincinnati Open in August, choosing one final hard-court tournament before resuming his pursuit of a record 25th Grand...

Costa Rica Police Report Links 116 Officers to Criminal Groups

A confidential police intelligence report has flagged 116 Fuerza Pública officers stationed along Costa Rica's southern border, describing alleged collaboration with drug trafficking, liquor...

FIFA’s Plan to Sell World Cup Stakes Lands on Costa Rica’s Desk

Costa Rica's football federation has aligned itself with regional pushback against FIFA's plan to bring private investors into the ownership of its commercial operations,...

Costa Rica Earthquake Near Orosi Followed by 60 Aftershocks

OVSICORI-UNA revised Friday night's Cartago earthquake to magnitude 5.0 at 8 km depth near Orosi and counted 60 aftershocks between 8:16 p.m. Friday and 5:00 a.m. Saturday.

Costa Rica Pressed to Improve Conditions for Indigenous Coffee Workers

More than 500 people and organizations, among them three former presidents of Costa Rica and Panama, have signed a public statement demanding that the...

Starbucks Opens 33rd Costa Rica Store as Dunkin Expands

Starbucks has opened its 33rd store in Costa Rica while Dunkin' adds locations in Zapote and Sabana Este, intensifying competition in the country's coffee and doughnut market.

La Negrita: Faith, Unity, and the Heart of Costa Rica

Today, thousands of pilgrims from across Costa Rica are arriving at the Basilica of Our Lady of the Angels in Cartago. They come on...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel