Innovative financing for development's success in the healthcare industry

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Innovative financing for development has a long-standing track record of mobilising funds in developing countries for health and access to medicines. “Global actors such as UNITAID, a novel financing mechanism that raises funding through a micro-levy on airline tickets, have contributed to the delivery of 350 million treatments for tuberculosis and malaria.”

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With 17 new Sustainable Development Goals in place, Governments cannot rely on foreign aid alone, in addition to official development assistance they need to find new ways of mobilizing funds.

 

Innovative financing for development has a long-standing track record of mobilising funds in developing countries for health and access to medicines. “Global actors such as UNITAID, a novel financing mechanism that raises funding through a micro-levy on airline tickets, have contributed to the delivery of 350 million treatments for tuberculosis and malaria.”

 

However, even though innovative financing has mobilsed many fund and has given many people access to medicines, they have still not reached enough people in developing countries. “The UNITAID-founded Medicines Patent Pool (MPP) brokers public health licenses on HIV medicines and facilitates the development of fixed-dose combinations appropriate for distribution in high-prevalence countries. By working with IP holders and sharing intellectual property,” it is clear that partnerships are what help organisations such as the MPP succeed.

 

“The MPP seeks to spur competition among low cost manufacturers to bring down prices on existing HIV medicines, and earlier licences are already making an impact.” The MPP get well-developed medicines manufactured and approved in a quicker time, shortening the time-line from initial development to distribution.  “Lower royalties for TDF and TDF combinations, as well as the ability of generic manufacturers to sell in more countries, have allowed governments and international agencies to buy the drugs at lower prices and thus stretch their treatment dollars.” It is important to make medicine available throughout the world, and not just readily available in developed countries – people in developing countries need medicine too. This is how innovative financing for development comes into play – where governments, companies, and even people can join together and help fund development.

 

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Innovative financing for development has a long-standing track record of mobilising funds in developing countries for health and access to medicines. “Global actors such as UNITAID, a novel financing mechanism that raises funding through a micro-levy on airline tickets, have contributed to the delivery of 350 million treatments for tuberculosis and malaria.”

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With 17 new Sustainable Development Goals in place, Governments cannot rely on foreign aid alone, in addition to official development assistance they need to find new ways of mobilizing funds.

 

Innovative financing for development has a long-standing track record of mobilising funds in developing countries for health and access to medicines. “Global actors such as UNITAID, a novel financing mechanism that raises funding through a micro-levy on airline tickets, have contributed to the delivery of 350 million treatments for tuberculosis and malaria.”

 

However, even though innovative financing has mobilsed many fund and has given many people access to medicines, they have still not reached enough people in developing countries. “The UNITAID-founded Medicines Patent Pool (MPP) brokers public health licenses on HIV medicines and facilitates the development of fixed-dose combinations appropriate for distribution in high-prevalence countries. By working with IP holders and sharing intellectual property,” it is clear that partnerships are what help organisations such as the MPP succeed.

 

“The MPP seeks to spur competition among low cost manufacturers to bring down prices on existing HIV medicines, and earlier licences are already making an impact.” The MPP get well-developed medicines manufactured and approved in a quicker time, shortening the time-line from initial development to distribution.  “Lower royalties for TDF and TDF combinations, as well as the ability of generic manufacturers to sell in more countries, have allowed governments and international agencies to buy the drugs at lower prices and thus stretch their treatment dollars.” It is important to make medicine available throughout the world, and not just readily available in developed countries – people in developing countries need medicine too. This is how innovative financing for development comes into play – where governments, companies, and even people can join together and help fund development.

 

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With 17 new Sustainable Development Goals in place, Governments cannot rely on foreign aid alone, in addition to official development assistance they need to find new ways of mobilizing funds.

 

Innovative financing for development has a long-standing track record of mobilising funds in developing countries for health and access to medicines. “Global actors such as UNITAID, a novel financing mechanism that raises funding through a micro-levy on airline tickets, have contributed to the delivery of 350 million treatments for tuberculosis and malaria.”

 

However, even though innovative financing has mobilsed many fund and has given many people access to medicines, they have still not reached enough people in developing countries. “The UNITAID-founded Medicines Patent Pool (MPP) brokers public health licenses on HIV medicines and facilitates the development of fixed-dose combinations appropriate for distribution in high-prevalence countries. By working with IP holders and sharing intellectual property,” it is clear that partnerships are what help organisations such as the MPP succeed.

 

“The MPP seeks to spur competition among low cost manufacturers to bring down prices on existing HIV medicines, and earlier licences are already making an impact.” The MPP get well-developed medicines manufactured and approved in a quicker time, shortening the time-line from initial development to distribution.  “Lower royalties for TDF and TDF combinations, as well as the ability of generic manufacturers to sell in more countries, have allowed governments and international agencies to buy the drugs at lower prices and thus stretch their treatment dollars.” It is important to make medicine available throughout the world, and not just readily available in developed countries – people in developing countries need medicine too. This is how innovative financing for development comes into play – where governments, companies, and even people can join together and help fund development.

 

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