Big savings on HIV drugs via pooled procurement expected by Global Fund
The Global Fund to Fight AIDS, Tuberculosis and Malaria is putting into place a new agreement for purchasing HIV medication that will save close to $100 million over two years, money that can be reinvested in lifesaving drugs and programs all over the world.
By using a Pooled Procurement Mechanism, the agreement means lower prices, swifter delivery and more predictable and sustainable long-term supply - delivering on the goals of the Global Fund’s market shaping strategy.
It also yields greater transparency, reducing risks and expenses for countries that implement programs treating people with HIV. The new approach will also deliver better HIV medication options for children.
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