Meet The Swiss Start-Up Bringing Medicines To Lower Income Nations [Forbes]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Forbes
billions of people vulnerable to diseases that could be treated and often cured if they lived in a richer nation. Swiss-based start-up is determined to help; having already secured early-stage backing from the Bill and Melinda Gates Foundation, it is today announcing a further $2 million funding round. “I've seen many of the problems first hand,” says Axmed CEO Emmanuel Akpakwu, who grew up in Nigeria and still has family there. “People just can't get the medicines they need, simply because they happen to live in the wrong place.” The statistics tell a powerful story. Low- and middle-income countries account for more than 80% of the world's population and more than 90% of its disease burden – yet global pharmaceuticals companies earn just 6% of their revenues from these nations. For various structural and commercial reasons, they do the vast majority of their business with developed economies. PROMOTED Axmed hopes to start changing this narrative. Its platform allows governmen
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NVS
Earnings
- 4/23/24 - Beat
NVS
Sec Filings
- 4/23/24 - Form 6-K
- NVS's page on the SEC website