Axmed Wins Prestigious Norrsken Impact/100 Award, Spotlighted at Times Square

Axmed, the groundbreaking B2B marketplace revolutionizing access to essential medicines, has been honored as a 2024 Norrsken Impact/100 startup. This esteemed recognition highlights Axmed as one of the most promising impact-driven companies globally, underscoring its commitment to ensuring life-saving medicines reach those in need, regardless of location.

Global Recognition During New York Climate Week

As part of the celebration, Axmed’s logo was prominently displayed on the iconic Nasdaq Tower in Times Square during New York Climate Week 2024. This visibility symbolizes Axmed’s dedication to advancing healthcare equity in underserved regions and its place among a range of global companies providing “100 ways to fix the future.”

A Beacon of Hope in Global Health

Emmanuel Akpakwu, CEO of Axmed, expressed gratitude for the recognition: “Norrsken created the Impact/100 to inspire hope and positive change. We’re honored to be part of this movement and remain committed to transforming healthcare by making critical medicines accessible, especially in low- and middle-income countries.”

Pioneering HealthTech Solutions

As an emerging leader in HealthTech, Axmed joins an elite group of startups addressing pressing global challenges in line with the UN’s sustainable development goals. The Norrsken Impact/100 spotlights these innovative companies, emphasizing their potential for creating lasting, global impact.

Looking Ahead: Expanding Access and Partnerships

Bolstered by this award, Axmed is poised for its next growth phase:
– Enhancing its marketplace platform
– Expanding strategic partnerships
– Ensuring equitable access to essential medicines across communities

About Axmed

Axmed is transforming healthcare access in LMICs through its innovative B2B marketplace. By bridging the gap between healthcare providers and pharmaceutical manufacturers, Axmed is driving more equitable healthcare solutions worldwide.

Contact Information
Axmed
Media Contact: Katie Clift
Phone: +351 913 976 202
Email: katie@maybe.agency
Website: https://www.axmed.com

Poor countries desperately need better access to generic medicines

Manufacturers showed during the pandemic that they can deliver low-cost treatments at scale.

The Covid-19 pandemic underscored the urgent need for equitable access to medicine. But when it comes to expanding access, the pivotal role of the world’s generic medicine manufacturers often slips under the radar. This is despite the fact that the global market was worth $311.8bn in 2022, and is projected to hit $442.3bn by 2027.

It is often assumed that generic drugs are affordable and widely available to those who need them. But this is not entirely true. For example, even after patent expiries open the door to generic rivals, low levels of competition between companies in smaller markets means that generics can actually be more expensive in poor countries than in wealthy ones.

Many essential generic medicines are also often absent from pharmacy shelves in poorer countries, particularly in rural and remote areas — frequently with devastating results.

Today, generics are a cornerstone of health systems. Ninety per cent of the medicines included on the World Health Organization’s Model List of Essential Medicines are off-patent, meaning companies can make their own versions of these key products.

The huge footprint of the sector gives it a correspondingly huge importance in addressing the issues that leave millions of people worldwide without access to the treatments they need. Generics companies must now make a conscious effort to address global health challenges and realise their potential as key players in access to medicine.

We know this is possible, because generics companies are already experts at delivering lower-cost treatments at scale, and have stepped up previously to address urgent issues. Early in the Covid pandemic, for example, manufacturers leveraged their production capacity to respond rapidly, ensuring that many existing medicines remained available despite global supply chain disruptions.

Such efforts undoubtedly saved many lives — but they remain exceptional. To remedy this, the Access to Medicine Foundation has developed a new analytical framework to guide generic medicine manufacturers in converting exceptions into the rule. Initially, the framework will be used to assess the efforts of five companies: Cipla, Hikma, Sun Pharma, Teva and Viatris.

We are at an important moment in the generics industry’s development, as there are many opportunities for companies to seize, from working with local manufacturers to improve supply in low- and middle-income countries, to investing in adaptive research and development.

There are also more opportunities to engage in licensing agreements, through which the big pharmaceutical groups allow generics companies to launch versions of their on-patent medicines. With Big Pharma increasingly issuing these licences, including the first covering a cancer drug, generics companies have both a business opportunity and a chance to expand patients’ access to innovative medicines.

There are further opportunities in the market for biosimilars — copies of biological drugs — with their global market value projected to rise to $60.8bn in 2027. Biosimilar medicines first arrived on the scene over a decade ago, but the market has recently gained momentum with the expiry of patents on blockbuster biological drugs and with the WHO’s expansion of its prequalification assessment scheme to include a number of biosimilars. Although these drugs have yet to make significant inroads in low and middle-income countries compared with high-income ones, they offer great potential if access barriers can be broken down.

Generic medicine manufacturers have a central role to play in expanding access to medicine. Now is the time for them to explore the opportunities that will ensure people around the world gain access to the medicines they need.

FDA Grants Accelerated Approval for Alzheimer’s Disease Treatment

FDA NEWS RELEASE

Today, the U.S. Food and Drug Administration approved Leqembi (lecanemab-irmb) via the Accelerated Approval pathway for the treatment of Alzheimer’s disease. Leqembi is the second of a new category of medications approved for Alzheimer’s disease that target the fundamental pathophysiology of the disease. These medications represent an important advancement in the ongoing fight to effectively treat Alzheimer’s disease.

“Alzheimer’s disease immeasurably incapacitates the lives of those who suffer from it and has devastating effects on their loved ones,” said Billy Dunn, M.D., director of the Office of Neuroscience in the FDA’s Center for Drug Evaluation and Research. “This treatment option is the latest therapy to target and affect the underlying disease process of Alzheimer’s, instead of only treating the symptoms of the disease.”

Alzheimer’s disease is an irreversible, progressive brain disorder affecting more than 6.5 million Americans that slowly destroys memory and thinking skills and, eventually, the ability to carry out simple tasks. While the specific causes of Alzheimer’s are not fully known, it is characterized by changes in the brain—including amyloid beta plaques and neurofibrillary, or tau, tangles—that result in loss of neurons and their connections. These changes affect a person’s ability to remember and think.

Leqembi was approved using the Accelerated Approval pathway, under which the FDA may approve drugs for serious conditions where there is an unmet medical need and a drug is shown to have an effect on a surrogate endpoint that is reasonably likely to predict a clinical benefit to patients. The results of a Phase 3 randomized, controlled clinical trial to confirm the drug’s clinical benefit have recently been reported and the agency anticipates receiving the data soon.

Researchers evaluated Leqembi’s efficacy in a double-blind, placebo-controlled, parallel-group, dose-finding study of 856 patients with Alzheimer’s disease. Treatment was initiated in patients with mild cognitive impairment or mild dementia stage of disease and confirmed presence of amyloid beta pathology. Patients receiving the treatment had significant dose- and time-dependent reduction of amyloid beta plaque, with patients receiving the approved dose of lecanemab, 10 milligram/kilogram every two weeks, having a statistically significant reduction in brain amyloid plaque from baseline to Week 79 compared to the placebo arm, which had no reduction of amyloid beta plaque.

These results support the accelerated approval of Leqembi, which is based on the observed reduction of amyloid beta plaque, a marker of Alzheimer’s disease. Amyloid beta plaque was quantified using positron emission tomography (PET) imaging to estimate the brain levels of amyloid beta plaque in a composite of brain regions expected to be widely affected by Alzheimer’s disease pathology compared to a brain region expected to be spared of such pathology.

The prescribing information for Leqembi includes a warning for amyloid-related imaging abnormalities (ARIA), which are known to occur with antibodies of this class. ARIA usually does not have symptoms, although serious and life-threatening events rarely may occur. ARIA most commonly presents as temporary swelling in areas of the brain that usually resolves over time and may be accompanied by small spots of bleeding in or on the surface of the brain, though some people may have symptoms such as headache, confusion, dizziness, vision changes, nausea and seizure. Another warning for Leqembi is for a risk of infusion-related reactions, with symptoms such as flu-like symptoms, nausea, vomiting and changes in blood pressure. The most common side effects of Leqembi were infusion-related reactions, headache and ARIA.

As specified in the prescribing information, Leqembi is indicated for the treatment of Alzheimer’s disease. The labeling states that treatment with Leqembi should be initiated in patients with mild cognitive impairment or mild dementia stage of disease, the population in which treatment was studied in clinical trials. The labeling also states that there are no safety or effectiveness data on initiating treatment at earlier or later stages of the disease than were studied.

The FDA granted this application Fast TrackPriority Review and Breakthrough Therapy designations.

The approval of Leqembi was granted to Eisai R&D Management Co., Ltd.

Related Information

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The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.

Corona virus hits america again

Pharmaceutical companies invest heavily in R&D in order to discover and develop new drugs that can be brought to market. The R&D process can be very expensive and time-consuming, often taking many years and requiring significant investment in clinical trials, regulatory compliance, and marketing. As a result, the cost of developing a new drug can run into billions of dollars.

Drug shortages worsen in South Africa: In February 2021, it was reported that drug shortages in South Africa had worsened due to the COVID-19 pandemic

In February 2021, it was reported that drug shortages in South Africa had worsened due to a combination of factors, including the COVID-19 pandemic, a lack of investment in local manufacturing, and regulatory delays.

The shortages have affected both essential medicines and drugs used to treat COVID-19. For example, some hospitals were reportedly running out of oxygen supplies, while others were experiencing shortages of painkillers, antibiotics, and other critical drugs. The situation was particularly acute in rural areas and townships, where healthcare infrastructure is often under-resourced and overburdened.

According to the South African Health Products Regulatory Authority, the COVID-19 pandemic has disrupted global supply chains and led to shortages of raw materials, which has in turn affected the production and distribution of medicines. In addition, the agency noted that there has been a lack of investment in local manufacturing, which has made the country more dependent on imports.

The regulatory delays have also been a factor in the drug shortages. For example, some pharmaceutical companies have faced delays in getting approval for their products, which has led to supply chain disruptions and shortages.

The South African government has acknowledged the severity of the drug shortages and has taken steps to address the problem. In March 2021, President Cyril Ramaphosa announced a plan to invest in local pharmaceutical manufacturing, with the aim of reducing the country’s reliance on imports. The government has also established a task force to address the drug shortages and ensure that essential medicines are available to those who need them.

Overall, the drug shortages in South Africa have highlighted the need for greater investment in healthcare infrastructure and local manufacturing, as well as more effective regulatory processes to ensure that essential medicines are available to all who need them.