HomeWorld

STAT+: Merck strikes voluntary licensing deals in poor countries for an experimental HIV prevention pill

World 1 source 1 country 🔦 Under-reported 48m ago

Amid rising concern over efforts to contain HIV, Merck has reached voluntary licensing deals with seven companies to make generic versions of an experimental, once-a-month prevention pill in 129 low- and middle-income countries. The agreements will allow the manufacturers — three of which are based in Africa and four in India — to sell generic versions to both public and private buyers, which is designed to ensure the medicine becomes available to the widest possible population. Moreover, the deals are royalty free, which makes it easier for the generic companies to predict costs.

The timing of the announcement is notable because Merck is striking these deals while its medicine, known as alimatravir, is currently undergoing a pair of late-stage clinical trials. By doing so now, the company believes it will help the generic makers plan for wide-scale production and the necessary steps to receive regulatory approvals around the world.Continue to STAT+ to read the full story…

Summary from source
Read the full story at the source STAT News (US) · US
Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →