Global Fund launches online tool to aid transparency on drug prices

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The Global Fund to Fight AIDS, TB and Malaria has launched an online tool to assist countries and treatment programmes in paying less for antiretrovirals.

The Price Reporting Mechanism allows purchasers to compare the prices they are being offered with prices already paid by other countries that have received Global Fund grants.

So far the Price Reporting Mechanism has accumulated data on drug deals struck by 17 countries for drugs and supplies used in the treatment of HIV, AIDS, TB and malaria.

Glossary

malaria

A serious disease caused by a parasite that commonly infects a certain type of mosquito which feeds on humans. People who get malaria are typically very sick with high fevers, shaking chills, and flu-like illness. 

The Global Fund warns that price comparisons need to take into account whether countries have least developed status (and so qualify for discounts), whether drugs were purchased direct from the manufacturer (cheaper) and whether a large purchase was made that may attract a discount.

Click here to view the Price Reporting Mechanism webpage.