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Article

16 Jun 2008

Author:
Ben Hirschler, Reuters

European firms beat U.S. on drug access for poor

European drugmakers are better than their U.S. counterparts in ensuring medicines reach people in poor countries, with Britain's GlaxoSmithKline Plc leading the field, according to an analysis on Monday. The ranking -- the first of its kind -- was produced by the Netherlands-based Access to Medicine Foundation and is backed by 12 fund managers, who together manage $1.2 trillion in assets. The ranking is based on eight main criteria, including companies' policies on increasing access, patenting, research into neglected diseases and the use of fair pricing systems... The full ranking is as follows: GlaxoSmithKline PLC Novo Nordisk [part of Novo Group] Merck & Company Inc Novartis AG Sanofi-Aventis AstraZenica PLC Roche Holdings Limited Johnson & Johnson Bayer Schering Pharma AG [part of Bayer] Eli Lilly & Company Bristol-Myers Squibb Comp Abbott Laboratories Ltd Merck Kgaa AG Cipla Limited Gilead Sciences Inc Ranbaxy Laboratories Ltd Pfizer Inc Wyeth Teva Pharmaceutical... Schering-Plough Corp