New Laws of Commercial Registration and Trade Names take effect on Thursday    Civil Defense warns of heavy rains across Saudi Arabia until Monday    Saudi Exchange suspends trading of seven companies over financial disclosure delays    New fleet of 76 public transport buses starts operation in Jeddah on Tuesday Environmentally friendly electric buses introduced for first time    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    EU preparing 'further countermeasures' to protect its interest, von der Leyen says    Tesla sales plunge after backlash against Elon Musk    Musk's X is suing India, as Tesla and Starlink plan entry    Israel announces expansion of military operation in Gaza to seize 'large areas' of land    US cancels visa of Nobel Peace Prize winner Oscar Arias    Danish prime minister refutes US claim on Greenland on visit to the Arctic territory    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Cristiano Ronaldo joins Fatal Fury: City of the Wolves    Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Respect for intellectual property rights urged
By Querubin J. Minas Saudi Gazette
Published in The Saudi Gazette on 18 - 07 - 2009

In a rapidly growing global community, the fast-pace human activities and multifaceted demands of society exposes one's health to risks and therefore prone to illnesses.
At this juncture, the availability of the right medicine is crucial. Major pharmaceutical firms spend valuable time and huge amount of capital conducting extensive and elaborate research work to find the right concoction especially against virulent diseases and widespread illnesses.
Pfizer Inc, the US-based world's largest research-based biomedical and pharmaceutical company, believes that “finding sustainable solutions to the health care challenges of our changing world cannot wait.”
Pfizer's R&D programs are concentrated on oncology (study and treatment of tumors), diabetes mellitus, neurological and cardiovascular diseases.
As the global leader in health care, Pfizer is continuously exploring ways to find the best solution to difficulties and complications besetting individuals, thereby improving their welfare through better access to safe, effective and affordable medicine and related health care services.
Dr. Magdi Mohsen, public affairs manager, Pfizer Saudi Arabia, said the company allots more than 16 percent of the annual gross sales for its research and development endeavors. In 2007, Pfizer spent $8.1 billion on R&D in search for new medicines to keep people healthy.
He explained that developing a drug is a “high-risk investment” particularly for renowned pharmaceutical companies as it involves an average outlay of $500 million to $800 million before such drug finally gets the approval of regulatory bodies.
The several phases of producing a drug starting from a mere idea and selection of molecules down to actual test application of drug to around 5,000 to 10,000 patients afflicted with a disease intended by the drug is a meticulous and lengthy procedure that normally takes 10-15 years, Dr. Magdi noted.
It's only after evaluating the concomitant adverse reactions and side affects, if any, that the drug could be dispensed, he added.
However, Dr. Magdi lamented the widespread blatant disregard and utter violation of the intellectual property rights by some unscrupulous imitators of patented drugs, saying that established pharmaceutical firms like Pfizer lose huge amounts in revenues as a result.
Besides, he cautioned on the risks of taking the imitation drug since it did not pass the stringent inspection process that guarantees it contains the same amount of active ingredients and works in the same way as the patented drug.
Though the imitation drug is cheaper, he said, it poses another serious health threat as it may not only aggravate the disease, but may even add to resistance to patented drug should it be taken.
“Our innovative public-private partnership allows Pfizer drugs to reach those most in need in poor countries through donations,” he added.
Dr. Magdi said Pfizer is working actively with both the government agencies and the private sector to increase awareness on the right use of drugs and proper health care.
“In Saudi Arabia, Pfizer works closely with the Ministry of Health, other government agencies, non-governmental organizations, and healthcare professionals and even with the media to inform and educate the population about the illnesses that are common such as diabetes mellitus, hypertension and dyslipidemia or high concentration of cholesterol in the blood,” Dr. Magdi noted.
“Our regular health care programs done in collaboration with the government encompass the cities down to the villages,” he added.
Imparting proper health care and hygienic lifestyle is Pfizer's paramount corporate social responsibility, Dr. Magdi stressed. He said that the percentage of the population having diabetes and other cardiovascular diseases in the Kingdom is high, hence the “more we are emboldened to heighten our health awareness campaign.”
Sedentary way of life and eating habits lead to obesity that if goes unchecked and without proper exercise, would lead to serious diseases like diabetes and even heart attack due to blocked and hardened arteries, he explained.
Moreover, Pfizer is at the forefront of the drive against smoking, he said, citing the new drug to quit smoking invented by Pfizer and approved by the US and European regulatory agencies.
Dr. Magdi pointed out that Pfizer, as a research-based drug company, strengthens its partnership with governments and non-governmental organizations to ensure that patent-protected drugs reach those in need.
As patented drug takes years and costs millions of dollars before it could be available – with the cost of developing a new compound amounting to at least $800 million, Dr. Magdi once again urges full respect for intellectual property rights “for the interest of mankind.” __


Clic here to read the story from its source.