BR100 Increased By (0.29%)
BR30 Increased By (0.37%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.20 No Change ▼ 0.00 (0%)
BML 58.30 Decreased By ▼ -0.95 (-1.6%)
BOP 33.95 Increased By ▲ 0.27 (0.8%)
CNERGY 10.63 Increased By ▲ 0.82 (8.36%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.75 Increased By ▲ 0.23 (0.43%)
FFL 16.50 Decreased By ▼ -0.18 (-1.08%)
FNEL 1.24 Increased By ▲ 0.03 (2.48%)
KEL 7.30 Decreased By ▼ -0.05 (-0.68%)
KOSM 5.61 No Change ▼ 0.00 (0%)
LOTCHEM 29.87 Increased By ▲ 0.76 (2.61%)
MLCF 96.30 Increased By ▲ 0.80 (0.84%)
NBP 204.40 Increased By ▲ 0.05 (0.02%)
NCPL 57.06 Decreased By ▼ -1.18 (-2.03%)
NPL 67.45 Decreased By ▼ -0.34 (-0.5%)
OGDC 317.99 Increased By ▲ 0.05 (0.02%)
PACE 10.64 Decreased By ▼ -0.07 (-0.65%)
PAEL 41.90 Increased By ▲ 0.07 (0.17%)
PIBTL 16.78 Increased By ▲ 0.28 (1.7%)
PPL 220.44 Increased By ▲ 0.70 (0.32%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 69.80 Decreased By ▼ -0.97 (-1.37%)
SSGC 29.26 Increased By ▲ 0.33 (1.14%)
TBL 9.78 Decreased By ▼ -0.06 (-0.61%)
TELE 8.89 Increased By ▲ 0.13 (1.48%)
TPL 17.08 Increased By ▲ 0.63 (3.83%)
TPLP 12.56 Increased By ▲ 0.46 (3.8%)
TREET 22.72 Decreased By ▼ -0.08 (-0.35%)
TRG 60.26 Increased By ▲ 0.23 (0.38%)
By

GENEVA: The pharmaceutical industry on Tuesday proposed a system to allow for more equitable access to vaccines and treatments in future pandemics, saying it was willing to set aside doses to distribute to lower-income countries.

The Covid-19 pandemic has seen a wide gap in vaccination rates between wealthy and less well-off countries, sparking demands from several countries for intellectual property rights on vaccines to be lifted.

IFPMA, a group that represents pharmaceutical firms around the world, has strongly opposed those measures, saying they would not solve the core problem.

The Geneva-based group instead proposed a framework to governments and international organisations aimed at improving “the real-time delivery of vaccines, treatments and diagnostics for priority populations in lower-income countries, as determined by health authorities, for future pandemics,” it said in a statement on Tuesday.

“Even now, when there is an abundance of vaccines available, quite a few countries have a vaccination rate of only 10 percent of their population,” IFPMA head Thomas Cueni told AFP.

“Industry cannot do it alone, it requires a social contract,” Cueni said.

Wealthy countries must “be ready to say that they cannot supply exclusively to themselves,” he added.

IFPMA, whose members include Covid vaccine makers such as Pfizer, Moderna and AstraZeneca, called the proposal the Berlin declaration.

“The success of the proposal requires open borders and no trade restrictions,” it said.

The group also called for a network of clinical sites to be set up across the world to support the rapid deployment of new treatments and vaccines.

Jose Manuel Barroso, the head of the Gavi vaccine alliance, welcomed the proposal, urging world leaders to “engage with industry on how to make this work”.

Comments

Comments are closed for this article.