WHO’s Council on the Economics of Health for All issues brief on equitable health innovation
The World Health Organization (WHO) Council on the Economics of Health for All called on governments, the scientific and medical community and private sector leaders June 9, 2021 to re-design the health innovation ecosystem toward delivering health technologies for the common good.
The council’s first brief recommended both immediate and long-term action. It urged all stakeholders to work towards creating a health innovation ecosystem characterised by purpose-driven and symbiotic public-private partnerships that put the common good front and centre.
“Mobilising money to throw at solutions that fail to address the underlying causes of long-standing structural problems will not be sufficient,” the brief said, according to a press statement by the WHO. “We all must look forward towards re-imagining health innovation as part of a new economic ecosystem that can deliver health for all,” it added.
Deep changes were needed on how intellectual property rights were governed to drive collective intelligence, how corporate governance was structured and how the benefits of public investments were shared to avoid the current dynamic of sharing risks but privatising rewards.
The brief recommended the following to build an inclusive end-to-end health innovation ecosystem that is able to deliver the appropriate medical technologies required to achieve health for all equitably:
The council, in its brief, added its voice to the growing calls for urgent action in four areas, according to the press statement:
The council’s brief came ahead of the G7 Leaders’ summit under the United Kingdom’s presidency, which aims to build back better from the novel coronavirus disease (COVID-19) pandemic.
This, it intends to do by strengthening resilience against future pandemics and following the 74th World Health Assembly and the G20 Global Health Summit co-hosted by Italy and the European Union earlier this month.
The council was established by the WHO in November 2020. It is chaired by noted economist Mariana Mazzucato, professor of the Economics of Innovation and Public Value and founding director in the Institute for Innovation and Public Purpose at University College London.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.