Pfizer says it will provide nearly two dozen products at not-for-profit prices in some of the world’s poorest countries.
A woman pushes a baby in a stroller past a sign hanging outside Pfizer headquarters in New York, Monday, May 23, 2022. Three doses of Pfizer's COVID-19 vaccine offer strong protection for children younger than 5, the company announced Monday, May 23, 2022. Pfizer plans to give the data to U.S. regulators later this week in a step toward letting the littlest kids get the shots.
The products, which are widely available in the U.S. and the European Union, include 23 medicines and vaccines that treat infectious diseases, some cancers and rare and inflammatory conditions. Company spokeswoman Pam Eisele said only a small number of the medicines and vaccines are currently available in the 45 countries.New York-based Pfizer will charge only manufacturing costs and “minimal” distribution expenses, Eisele said. It will comply with any sanctions and all other applicable laws.
Earlier this month, the head of the World Health Organization called on Pfizer to make its COVID-19 treatment more widely available in poorer countries. Pfizer has said its COVID-19 vaccine, Comirnaty, is already being provided to poorer counties at a not-for-profit rate through the U.S. government, which buys the shots and then distributes them for free.
Comirnaty brought in nearly $37 billion in sales last year, and analysts expect the company's COVID-19 treatment Paxlovid to add almost $24 billion this year, according to the data firm FactSet. Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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