IFPMA members gave 11% of health aid

24 November 2008

International Federation of Pharmaceutical Manufacturers and Association members contributed about 11% of the Organization of Economic Cooperation and Development states' health assistance to the developing world in 2005, according to the IFPMA's latest health partnerships survey. This measures the research-based drug companies' contribution to help attain the health-related United Nations' Millennium Development Goals. The latest data shows that, from the inception of the MDGs in 2000 through to the end of 2007, IFPMA members made available 1.75 billion health interventions to help improve the health of people in low- and middle-income countries, a year-on-year increase of about 380 million.

Fred Hassan, the IFPMA's president and chairman of US drug major Schering-Plough, said that this third such survey "confirms that our industry's contribution to improving the health of people in developing countries is substantial and sustained. It reflects not only product contributions but also education and other actions for the long term. And it does not even include our industry's investment in R&D for developing world diseases."

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK









Company Spotlight