Pfizer CEO rules out generic Covid drug Paxlovid for China

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Pfizer CEO rules out generic Covid drug Paxlovid for China
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Pfizer Inc is not in talks with Chinese authorities to licence a generic version of its Covid-19 treatment Paxlovid for use there, but is in discussions about a price for the branded product, Chief Executive Albert Bourla said on Monday (Jan 9). Reuters reported on Friday that China was in talks with Pfizer to secure a licence that will allow...

Paxlovid, Pfizer's anti-viral medication to treat the coronavirus disease , is displayed in this picture illustration taken on Oct 7, 2022. A morning and an evening does consists of one white 100mg tablet of Ritonavir and two pink 150mg tablets of PF-07321332.

Bourla said the company had shipped thousands of courses of the treatment in 2022 to China and in the past couple of weeks, had increased that to millions. "They are the second highest economy in the world and I don't think that they should pay less than El Salvador," Bourla said. The failure of the talks to include Pfizer in the list of medicines covered by basic state health insurance generated heated discussions on Chinese social media on Monday.

Pfizer declined to comment on the Chinese media reports about the price it quoted during the negotiations. NHSA did not immediately reply to a Reuters request for comment on the negotiations.China's state media Global Times accused Pfizer of trying to profiteer from China's Covid-19 battle in an opinion piece on Monday.

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