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Global health vs. global wealth: Looming choice for health firms in developing countries
Date:9/9/2010

ntry firms can pursue both if support mechanisms are instituted to enable product development for the poorest market segments "for which a purely entrepreneurial model may not be suitable."

A call to action

The authors describe a suite of tactics to support continued health product innovation by firms in developing countries.

These include ensuring that existing instruments to stimulate global health innovation such as public-private partnerships, advance market commitments, prizes, patent pools, and priority review vouchers are attractive to emerging economy firms.

The authors also emphasize the need for initiatives and proposals targeted specifically at emerging economy firms that can help engage more emerging economy firms in global health. These include:

  • A Global Health Accelerator mechanism proposed by MRC to help health entrepreneurs in emerging economies assess international markets and regulatory requirements, identify commercialization partners and distribution channels, and facilitate access to financing. It would also offer a global health prize to recognize excellent examples of Southern innovation against diseases of the poor.

  • Adoption of orphan drug-like legislation, modeled on the US orphan drug statute, by the emerging market governments, aimed at encouraging entrepreneurial involvement in neglected and locally-relevant disease areas.

New financing sources and mechanisms targeted at emerging market entrepreneurs and researchers, examples of which include:

  • A partnership between the Welcome Trust (London, UK) and India's Department of Biotechnology called "R&D for Affordable Healthcare";

  • A program assisted by PATH (Seattle) that transfers funds and technology to Indian companies;

  • A grant-making mechanism for small and medium enterprises modeled on the US SBIR program proposed by Charles Gardner of the Global Forum for Health Researc
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Contact: Terry Collins
terrycollins@rogers.com
416-538-8712
McLaughlin-Rotman Centre for Global Health
Source:Eurekalert  

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Global health vs. global wealth: Looming choice for health firms in developing countries
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