NO $ INCENTIVE FOR AIDS VACCINE
Excerpts from yahoonews.com article. Read full article: YAHOONEWS
WASHINGTON - In an unusually candid admission, the federal chief of AIDS research says he believes drug companies don't have an incentive to create a vaccine for the HIV and are likely to wait to profit from it after the government develops one.
And that means the government has had to spend more time focusing on the processes that drug companies ordinarily follow in developing new medicines and bringing them to market.
IAVI estimates total annual spending on an AIDS vaccine is $682 million.
"This represents less than 1% of total spending on all health product development," IAVI said. "Private sector efforts amount to just $100 million annually. This is mainly due to the lack of incentives for the private sector to invest in an AIDS vaccine — the science is difficult, and the developing countries that need a vaccine most are least able to pay."
WASHINGTON - In an unusually candid admission, the federal chief of AIDS research says he believes drug companies don't have an incentive to create a vaccine for the HIV and are likely to wait to profit from it after the government develops one.
And that means the government has had to spend more time focusing on the processes that drug companies ordinarily follow in developing new medicines and bringing them to market.
IAVI estimates total annual spending on an AIDS vaccine is $682 million.
"This represents less than 1% of total spending on all health product development," IAVI said. "Private sector efforts amount to just $100 million annually. This is mainly due to the lack of incentives for the private sector to invest in an AIDS vaccine — the science is difficult, and the developing countries that need a vaccine most are least able to pay."
posted by Lady Bunny at Tuesday, December 27, 2005
2 Comments:
^^ nice blog!! thanks a lot! ^^
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