2024 Access to Medicine Index finds that pharma companies are missing opportunities to reach more patients in low- and middle-income countries [Globe and Mail, The (Toronto, Canada)]
Bristol-Myers Squibb Company (BMY)
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Source: Globe and Mail, The
While the Foundation's new analysis shows improvement by some pharmaceutical companies in distinct areas, overall, momentum has slowed since the 2022 Index that overlapped with the COVID-19 pandemic, and growing gaps in access to medicine remain unaddressed. What does the report find? Despite the pharmaceutical industry's evident potential to drive expansion of access to medicines, the 2024 Index results show that both product and geographic coverage remain inconsistent, leaving significant portions of the world's poorest populations overlooked and underserved. Collaborative activities, such as voluntary licensing agreements and technology transfers, which can have a significant impact in improving the local availability of medicine globally, are not being maximised by companies. Only two new non-exclusive voluntary licensing (NEVL) agreements were identified in the 2024 Index, compared with six in 2022, signalling a missed opportunity to improve local availability of innovative
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