U.S. drug firm, Pfizer, has announced a partnership with IDA Foundation to provide equitable access to quality cancer treatments.
IDA Foundation is an independent social enterprise providing essential medicines to low-and middle-income countries,
The partnership is effective immediately and supply of medicines under the agreement is expected to commence in February 2021. The agreement covers the delivery of the cancer treatments in about 70 developing countries across Latin America, Asia, Africa and the Western Pacific region.
At least 45 African countries are covered by the supply agreement.
“The supply agreement means that millions more patients will now have the potential to access innovative chemotherapy medicines for multiple types of cancer,” the drug maker said in a statement.
Developing countries currently bear over 60% of the global cancer burden and account for 70% of cancer deaths, according to the firm.
Michelle Akande, Vice President, Global Health Partnerships at Pfizer, announced the landmark partnership, saying it brought the company a step closer to its objective of ensuring cancer patients everywhere have sustainable access to the quality treatments they need.
The partnership with IDA Foundation builds on Pfizer’s long-standing collaboration with the American Cancer Society and the Clinton Health Access Initiative, which has provided access to Pfizer’s portfolio of quality oncology treatments in 11 countries in sub-Saharan Africa.
Countries that access products through the agreements save an average of 56 per cent on the cost of the medicines.
The supply agreement covers 18 essential cancer treatments and 30 formulations, including options for the treatment of breast, cervical and prostate cancer, which are among the most frequent types of cancer in developing countries and are often highly treatable.
“With approximately 70 per cent of deaths from cancer occurring in low- and middle-income countries, it is an urgent health burden which needs to be addressed. We believe this collaboration with Pfizer can help to bridge a gap and make quality essential medicines affordable and accessible in countries where they are needed most,” said Wendy Eggen, CEO of IDA Foundation.
The new partnership gives access to Pfizer’s portfolio of sterile injectable treatments to an additional 62 countries not previously served by existing market access agreements. This includes 11 low- and middle-income markets in the Western Pacific area, which has the highest cancer mortality rate in the world.