Monday, December 18, 2017

Secrecy surrounds AMC aid deal for drug industry

The Nobel Prize winner Médecins Sans Frontières says a USD 1.5 billion aid deal to develop new vaccines for poor countries is much too lucrative for the drug industry. MSF has estimated an earlier version of the scheme to be overpriced by USD 600 million, but has been denied basic facts about the latest proposal.

Development Today has obtained a confidential document about the scheme sent to donors last month, which shows one firm, GSK, walking away with almost the whole prize. Donors are to settle the deal May 20.

Development Today is a subscription-based online journal. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.