Indian - Scientist | -
If you look at the world's top 50 drugs being sold today, they are being marketed and sold by companies that did not invent them. I respect patents. I'll pay a royalty. But I shouldn't be denied the right to produce drugs for poor people at reasonable prices.
Yusuf Hamied
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Unfortunately, the mechanism for doing philanthropy in a structured way isn't yet in place in India. I already do a fair bit and support various causes such as education, sanitation, health. But selling costly drugs at affordable prices is philanthropy in itself.
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Reducing the price of AIDS drugs gave me so much satisfaction that I've been thinking what else I could do. One day, I thought, 'Let's look at cancer and see how we can spare cancer patients' unnecessary suffering.'
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Clinton has played a major role in giving companies like Cipla credibility, for which I will always be grateful.
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Patients are becoming aware that they're being taken for a ride by big pharma companies. They charge high prices and have never cared for India's healthcare. There are 23 million cases of cancer every year and India has a fair share of that.
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Cipla has a strong professional management team, and we take team decisions. My brother has been working at Cipla since 1973.
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As long as I can contribute, I'll continue working.
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Cipla has already developed a generic version, oseltamivir, which would be much cheaper than Tamiflu, the only available drug effective in treating avian flu.
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Alleviation of suffering is my fundamental principle.
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I had seen AIDS patients in India and Africa, and knowing that people were dying even though drugs existed that could help them was shattering for me.
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India made a big mistake by signing up to TRIPS. With a population of 1.3 billion, India can't afford a monopoly in healthcare. Monopolies lead to higher prices and we can't allow them in a country like India with so much poverty and misery. It was like signing our own death warrant.
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Reducing the price of cancer drugs is a humanitarian move.
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