Malaria is a preventable, treatable disease but every year, malaria sickens more than 200 million people and kills more than 600,000, according to the World Health Organisation (WHO).
The Global Fund to Fight AIDS, Tuberculosis and Malaria announced its first pledge from the private sector on the sidelines of the World Economic Forum, in Davos, on Tuesday.
The Fund's head of strategy for policy, Harley Feldbaum, said Pfizer had committed to at least that many doses and could increase shipments later if organizations involved show they are able to distribute the pills well, noting most will be available toward the end of the year.
Confirming his above statement, Murthy announced that the US has taken steps to support India during its unprecedented second wave of Covid19 infections.
“India's pledge for the Global Fund strongly demonstrates its strong political leadership to achieve universal health and its equally strong commitment to work across borders and join hands in fighting the epidemic of these three diseases,” health minister Harsh Vardhan said.
The company's market valuation fell by Rs 748.28 crore to Rs 6,299.72 crore.
Cipla has been awarded $188.95 million tender for anti-retrovirals drugs by Global Fund which would enable it to supply the medicines to over 140 countries.
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
