Why Astronomical Drug Prices Are Bad For Health

by Marie Rodriguez

The rate of pharmaceuticals worldwide can range dramatically depending on who’s deciding to buy the medication and where those patients manifest to live. Take the pneumonia vaccine. Doctors Without Borders struck a deal on it for refugee children in Greece. The aid institution pays $9 in line with immunization for a drug with a list price of $540. In nearby Greek pharmacies, the vaccine prices are $168. France can pay $189 for the vaccination simultaneously as some distance less prosperous kingdom of Lebanon pays $243 for it, consistent with the institution. In India, you can get it for kind of $60.

Why Astronomical Drug Prices Are Bad For Health 2

Expensive gene therapies could change how we pay for medicines, such as making incremental payments over time.

The international drug pricing machine is “broken,” says Fatima Suleman, a professor of pharmaceutical sciences at the University of KwaZulu-Natal in Durban, South Africa. “Affordability used to be an issue frequently for low- and middle-earnings international locations, but it is now global trouble,” she says.

This weekend, Suleman is collaborating inside the Fair Pricing Forum, a conference backed by the World Health Organization. The event brings collectively pharmaceutical executives, authorities, health officials, teachers, and advocacy corporations to look at ways to make international drug costs more low-priced — even as additionally benefiting drug manufacturers. We are known as up Suleman, who focuses on pharmaceutical policy, to ask her how the worldwide fitness network should help sufferers get entry to drugs they want and permit drug businesses to attain a great deal larger markets. This interview has been edited for length and readability.

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