7:37 am - Saturday November 7, 2015

Cipla chief Yusuf Hamied stands up against drug monopoly

120 Viewed Alka Anand Singh Comments Off on Cipla chief Yusuf Hamied stands up against drug monopoly

Cipla chairman Yusuf Hamied, who has long battled global pharmaceutical majors to ensure that developing countries have access to life-saving drugs, has said that a pricecontrol mechanism is required in India for essential medicines sold under a monopoly. “The right to live should not be contingent on the ability to pay. Lives cannot be sacrificed at the altar of corporate profit and greed,” Hamied said.

Acknowledging that inventors of new drugs produced to tackle HIV/ AIDS, cancer and hepatitis should be rewarded for their work , Hamied insisted that Western pharmaceutical majors should not be allowed to patent “frivolous inventions”. ” A price control system is needed ( in India) for monopoly drugs. … If a drug is essential, it shouldn’t be sold under a monopoly. Indian companies are not willfully violating the law,” he said at an event organised by the external affairs ministry to highlight the problem of access to lifesaving drugs in developing countries.

Click here to submit your review.

Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
0/5 - 0
You need login to vote.
Filed in

CNG price in Delhi hiked by Rs 2.95 a kg; PNG Re 1 per unit


Reliance Comm shares fall as earnings disappoint

Related posts