Former
US President Bill Clinton joined by the UN Special Envoy on Malaria
announced agreements with six companies including Calyx, that lower
the price of a leading artemisinin-based combination therapy (ACT) for
malaria by 30 percent and reduce the price volatility of artemisinin,
the key raw material for this and other ACTs, by 70 percent. With this
agreement Calyx extends its product range into Malaria.
“Nearly every life lost to malaria could have been saved with
access to effective medicines,” President Clinton said. “My
Foundation has helped organize markets for HIV/AIDS drugs, and I am
proud that we have been able to extend this model to malaria. Today’s
announcement is an important step forward in global efforts to increase
access to affordable and effective malaria treatment, and I applaud
the commitments of these companies to lower volatility in this market
and offer low and sustainable prices that will save more lives.”
Daniel Vasella, Chairman of Novartis, said the problems and challenges
are of such magnitude that nobody can solve them alone, not the Government,
not the private industries and not the NGOs, only a collaboration between
all of these partners can help to better the condition in the developing
nations. Mr. Vasella encouraged his traditional competitors, the Generic
manufacturers to work together to be successful in this social cause.
As an expression of his respect for his Indian colleagues present at
the event he finished with a quote of Mahatma Gandhi, “ We have
to be the change we want to see in the world”.
Role Of Calyx
Calyx has a 29-year history of building up successful partnerships and
this agreement with Clinton Foundation is another major step in honouring
social responsibility. We have taken an important step forward to supply
artemisinin derivatives at a price which will make the effective malaria
treatment affordable and accessible to various countries in Africa,
Asia, Latin America and the Caribbean that make up the Clinton HIV/AIDS
Initiative (CHAI) purchasing consortium.

Left to
Right : Raymond
Chambers – UN Special Envoy on Malaria, Smitesh Shah – CMD
Calyx, Bill Clinton and Daniel Vasella – CEO Novartis
Link
to the full video of the event at Mr. Clinton’s Office
http://www.kaisernetwork.org/health_cast/player.cfm?id=4347
Read
below the speech of Mr. Smitesh Shah, Chairman & CEO of Calyx at
the launch ceremony on 17th July, 2008 at Mr. Clinton’s Office
in New York
President
Sir, although we are a business at Calyx, we have another objective,
one that is shared with The Clinton Foundation and that is to
serve as many patients as possible.
There
is a quote that sits on the wall of our office, “No exercise
is better for the human heart than reaching down and lifting another
arm.” We
try to live this through our business. This is evidenced by our past
work that we have been associated with The Global Fund for Tuberculosis.
We have been an active supplier of APIs to all the formulations for
the last 15 years and now we intend to work on Malaria.
Calyx
is a producer of APIs and restricts itself of being an API producer.
Mr. Daniel Vasella, we classify we would not enter into competition
for finished dosages.
Calyx
has a world class R&D team, it is committed to
deploy it resources of R&D also for the developing nations. Calyx
works with large multinational companies all across the globe. We offer
Contract Research and Manufacturing services. We continue to work on
innovation but we offer only services as a part of our global initiative.
In
sync with India Inc. Calyx is annually growing at 40% and we continue
to believe that with malaria and other drugs our growth will continue
at the rate of 40%.
We
are proud to be working with The Clinton Foundation. This is
our first partnership with a non governmental organization and one thing
that strikes me about our work to date is the Clinton Foundation’s
ability to understand how we as business people think.
My
congratulations to Mr. Inder Singh and his team for having done a wonderful
job, being with us, holding our hands, understanding the pharmacopoeia
difficulties and solving them. As a buyer of artemisinin, I can tell
you first hand about the volatility of its prices and how this has created
disincentives to enter the business. The Clinton Foundation’s
work demonstrated by the announcement of these agreements focuses correctly
on reducing the financial risk associated with this volatility.