Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

GSK agrees HIV deal that gives lower income nations access to drug

Published 30/03/2023, 11:29
Updated 30/03/2023, 11:40
© Reuters. GSK agrees HIV deal that gives lower income nations access to drug

Proactive Investors - GSK PLC has entered into agreements with three firms to produce affordable generic versions of its long-lasting HIV prevention drug, cabotegravir, for use in lower-income countries where most new HIV cases arise.

The injectable medication received approval from US regulators in late 2021.

The UK pharma giant had announced a collaboration with the United Nations-backed Medicines Patent Pool in July last year, aiming to provide low-income countries with earlier access to new HIV treatments than they had with previous HIV drugs.

During the 1990s and early 2000s, millions of people died in the HIV/AIDS epidemic in Africa, where treatments readily available in wealthier nations were not accessible.

GSK revealed that the new initiative could make the generic version of its injectable drug available in low-income countries as early as 2026.

ViiV Healthcare, GSK's HIV treatment division, announced on Wednesday that it had granted voluntary licenses to Aurobindo, Cipla, and Viatris, allowing them to produce generic versions of injectable cabotegravir.

Subject to regulatory approvals, the generic alternatives will be supplied to 90 countries. Indian pharmaceutical company Cipla plans to produce the injections in India and South Africa, aiming to expand the country's drug manufacturing industry to meet the continent's needs and reduce reliance on imports exposed by the COVID-19 pandemic.

Pre-exposure prophylaxis (PrEP) is an effective method for HIV-negative individuals at risk of infection to reduce that risk. Until recently, PrEP was only available in pill form, making GSK's product the first non-pill alternative.

Read more on Proactive Investors UK

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.