Affordability Issues of Biotech Drugs in low- and middle-income countries (LMICs)

Affordability Issues of Biotech Drugs in low- and middle-income countries (LMICs)

Abdul Kader Mohiuddin

Department of Pharmacy, World University of Bangladesh,151/8, Green Road, Dhanmondi, Dhaka – 1205, Bangladesh

American Journal of Biotechnology and Bioscience

As indicated by World Bank publication Disease Control Priorities: Improving Health and Reducing Poverty (third edition, 2017), about 20% all out health use universally originated from out-of-pocket payments in 2014. The equivalent was about 40% all out health use for low-income countries, 56% for lower-middle-income countries, and 30% for upper-middle-income countries (WHO, 2016). 33% of the world’s populace needs opportune access to quality-guaranteed medicines while assessments demonstrate that in any event 10% of medicine in low-and middle-income countries (LMICs) are substandard or distorted, costing roughly US$ 31 billion every year (Global Health, 2018). Shockingly, 80% of worldwide cardiovascular passings happen in LMICs which is (halfway) because of the absence of access to healthcare including talented HR, equipped offices and medicines (Global status report on noncommunicable diseases, WHO, 2010). Cost of drugs, antibodies, and diagnostics is a noteworthy weight in LMICs round the globe. Cost of biotech drugs are much higher because of surprising expense caused by the pharmaceutical organizations for clinical preliminary. Biotech drugs have totally changed the administration of a few diseases, including malignant growth and immune system diseases. Albeit essential yet their affordability is as yet a consuming issue, particularly in LMICs.

Keywords: LMICs; out-of-pocket expenditure; cancer treatments; biotech drugs; pharmaceutical patents; biosimilars

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Abdul Kader Mohiuddin. Affordability Issues of Biotech Drugs in low- and middle-income countries (LMICs). American Journal of Biotechnology and Bioscience, 2019; 3:13.

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