Public Management

HIV-infected Africans to soon get $75 state-of-the-art treatment used in USA

Friday, 22 September 2017 13:00

HIV-infected Africans will soon have access to a state-of-the-art treatment, for only $75 a year. Manufacturers of generic AIDS drugs will start producing millions of the pills for Africa. This with the support of the Bill & Melinda Gates Foundation which will subsidy a major part of the new treatment which integrates dolutégravir, an integrase inhibitor that avoids the drug resistance which often occurs when using traditional treatments.

Besides the Gates, the governments of South Africa and Kenya, the Clinton Health Access Initiative (CHAI) as well as British and American institutions will combine their efforts to provide necessary funding to concerned pharmaceutical firms, Mylan Laboratories and Aurobindo Pharma, to boost their production capacity for the pills.

In return, the drug makers will agree to a cap price of around $75 per patient a year for the treatment. This is less than list price for daily supply of dolutégravir combination in the US.

The deal will benefit 92 poor countries, starting from Africa.

Ministries of Health and other purchasers in the public sector will be able to get the drugs starting from 2018. According to estimates, the initiative could help the purchasers save more than $1 bilion in drugs bills over the next six years.

Fiacre E. Kakpo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Plan includes recovery commission, audits and possible asset seizures Move aims to strengthen governance and support industrial...
IFC considers $100m loan to Ghana International Bank Funds to support trade finance, disbursed in two tranches Deal targets Africa’s...
Gabon private sector credit rises 10.5%, dominates bank lending Government borrowing drops sharply; deposits fall, liquidity pressures...
IFC to approve €95m loan for OCP phosphogypsum facility Project supports 22m-ton storage at Jorf Lasfar complex Financing aids...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.