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Speakers Sibongile Tshabalala,deputy general secretary of theTreatment Action Campaign in South Africa Morten Thaysen, Global Justice Now
In spite of medical advances, millions of people around the world suffer and die from treatable conditions because they cannot afford to pay for expensive medicine.
Drug companies can charge runaway prices because new drugs are protected by legal monopolies. This model has made the pharmaceutical industry the most profitable in the world.
The companies justify high prices by claiming they need to recoup their research and development costs. But nine of the top ten pharmaceutical companies spend more on marketing than on research and development. And the majority of innovative early-stage research is actually publicly-funded.
We say it’s time to put people before profit in the global drug industry.
Global Justice Now is a democratic social justice organisation working as part of a global movement to challenge the powerful and create a more just and equal world. We believe that a better world is possible: a world where our resources and decisions about how they’re used lie in the hands of the many, not the few; a world where resources are available to all, not just to those who can afford them.
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