More Drug Price Disclosure In Store As WHO Delegates Pass Landmark Resolution
Executive SummaryMany see the World Health Assembly resolution on drug pricing transparency as a game changer and welcome the fact that it will shine light on an area that critics says is far too opaque. Some are unhappy that the final version is not as strong as the original draft, but industry will be relieved the WHA ultimately did not adopt a requirement for mandatory disclosure of R&D costs.
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Last week the World Trade Organization’s TRIPS Council discussed transparency in medicine pricing, including R&D costs.
Following on from moves to push price transparency on to the global agenda, Italy is poised to pass a decree that would oblige companies to disclose public R&D funding.