Medicines Patent Pool Formally Established
June 9th, 2010
The Board of UNITAID, the European entity funded by an airline tax to support increased HIV/AIDS, Malaria and TB treatment in developing countries, has formally established a Medicines Patent Pool. NGOs and faith-based shareholders concerned about access to medicines among the poor in developing countries have pressed for the formation of a patent pool as a way to lower costs and increase availability of essential medicines.
The Board approved the Memorandum of Understanding (MoU) between UNITAID and the Medicines Patent Pool Foundation (MPPF) on June 8. The MPPF will be established as an independent organization under Swiss Law. The 3 founders are Paulo Teixeira (Brazil), Charles Clift (UK) and Benard Pecoul (France).