As
the First Pharmaceutical Company to Join the Medicines Patent Pool, Gilead
Leads the Industry in Improving Access to Life-Saving Medicines for Developing
Countries.
Members
of the Interfaith Center on Corporate Responsibility (ICCR) today acclaim the
decision of Gilead Sciences to become the first pharmaceutical company to join
the Medicines Patent Pool. By making licenses available for vital HIV and
Hepatitis B drugs, shareholders note that Gilead shows uncommon leadership and
sets an example for the entire industry.
Said
Judy Byron, OP, of the Northwest Coalition for Responsible Investment, “In 2004, when the Northwest
Coalition for Responsible Investment (NWCRI) and ICCR shareholders asked Gilead
Sciences to make its key HIV medicines accessible in developing countries where
HIV/AIDS was now a pandemic, senior management committed to do this. Over the
years Gilead Sciences has fulfilled its commitment through voluntary licenses,
the first fixed-dose combination drug for HIV, and pediatric formulations.
Today, we commend Gilead Sciences for its continuing leadership in global
health.”
The
Medicines Patent Pool was established in 2010 with the support of UNITAID to
improve access to medicines for HIV/AIDS, tuberculosis and malaria -- diseases
that disproportionately impact the world`s poorest countries. The pool
streamlines the production of vital formulations and offers legal certainty to
all participants. Pharmaceutical companies can protect their business models by
operating within the patent pool because it provides an alternative to pressure
for compulsory licensing in countries with populations that cannot afford more
expensive treatments.
Said Lauren Compere of Boston Common Asset Management, “By taking this important step,
Gilead Sciences sets an important precedent in promoting greater access to life-saving
drugs through a new collaborative business model. We are hopeful that this will
advance our dialogues with Gilead`s peers and strengthen the Patent Pool
initiative.”
The
agreement allows for the production of the HIV medicines tenofovir, emtricitabine,
cobicistat and elvitegravir and a “cocktail” of the four known as the “Quad”:
the latter three medications are in clinical development and the licensing of
these drugs will “significantly accelerate availability” according to Ellen T`Hoen,
Executive Director of the Medicines Patent Pool.
“ICCR
members have been actively encouraging the pharmaceutical companies in their
portfolios to join the Medicine Patent Pool,” said ICCR
Program Director for Human Rights David Schilling, “When companies recognize access to affordable
life-saving medicines as a basic human right they also acknowledge their
responsibility to make whatever adjustments are necessary to their business
models to protect this right. Joining the Medicines Patent Pool is a crucial
step in that direction.”
Keywords: Gilead / Agreement /
Patent Pool / Medicines