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Дэвис Дэннис

Dennis Davis

Judge, President, Competition Appeals Court of South Africa
SPIEF 2019
A Substantive Dialogue Between Global Pharmaceutical Players and BRICS Economies on the Rules of Fair and Equitable Competition
For developing countries, the problem that they have got is they have limited ability to make inventions. In a sense, their only pathway to deal with questions of drugs is through generics. <...> It is interesting that an UNCTAD report suggests that in the United States alone, the average price of generic drugs is as much as 86% less than their brand-name counterparts. In the South African case, <...> a 2006 study showed that the branded drugs to treat HIV-AIDS fell by more than 50% between 2002 and 2006, and the generic equivalent was even cheaper