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November 16, 2017

Reuters Examines How Growth In Chronic Diseases In Poor Countries May Force Drug Industry To Rethink Pricing System On Drugs

Reuters, in a separate story, examines what the pharmaceutical industry plans to do for the pricing of drugs for chronic diseases as global number of cases continues to climb. The article includes comments by AstraZeneca CEO and International Federation of Pharmaceutical Manufacturers and Associations President David Brennan, who "said on Wednesday [at the Reuters Health Summit] he expected to see a rethink on drug prices for poor countries," according to the news service.

Though Brennan said he expected to "see more willingness to do tiered pricing" for drugs to treat chronic diseases, "[w]orking out a balance to improve access to treatments for the poorest countries while ensuring profits in richer markets would be a key priority for the lobby group, he said," according to Reuters.

"Chronic diseases which were previously largely confined to rich, well-fed populations are an increasing problem in poorer nations in Asia and Africa, whose populations are increasingly adopting Western lifestyles and living longer. ?? Yet the price of many medicines remains a high barrier to access," Reuters writes. "Some pharmaceutical firms are already cutting drug prices for poorer people, in part to improve their foothold in fast-growing emerging markets. But health care campaigners argue deeper price cuts are needed if real progress is to be made on expanding access to medication" (Hirschler, 11/11).

This article was reprinted from kaiserhealthnews with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.