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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).
UNITAID approves Patent Pool for HIV Medicines January 5th, 2010
On December 15, 2009 the UNITAID Board, meeting in Geneva, passed an historic resolution to create a patent pool for HIV drugs. The Oblates, with other faith-based investors in the Interfaith Center on Corporate Responsibility (ICCR), are encouraging major pharmaceutical companies to engage with UNITAID in the development of a robust patent pool.
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