ViiV Healthcare explained

ViiV Healthcare
Location:London, England, UK
Area Served:Worldwide
Key People:Deborah Waterhouse (CEO)
Num Employees Year:2023

ViiV Healthcare is a British multinational pharmaceutical company specializing in the research and development of medicines to treat and prevent HIV/AIDS. Its global headquarters is located in London. The company was created as a joint venture by GSK and Pfizer in November 2009, with both companies transferring their HIV assets to the new company.[1] In 2012, Shionogi joined the company. As of December 2023, 76.5% of the company is owned by GSK, 13.5% by Pfizer and 10% by Shionogi.[2] According to The Financial Times, the company's co-ownership structure may change depending on the achievement of certain milestones.

ViiV Healthcare's products have a market share of approximately 32% of the global HIV therapy market, making it the second-largest healthcare company in the sector, after Gilead Sciences.[3]

ViiV Healthcare's global headquarters are in Brentford, Greater London in the United Kingdom, and the company has sites in a number of other countries including the United States, Australia, Belgium, Canada, France, Germany, Italy, Japan, Mexico, the Netherlands, Portugal, Puerto Rico, Russia, Spain and Switzerland.[4]

Products

The company markets 17 products:[5]

Treatment access programs

ViiV Healthcare has stated that it will continue the not-for-profit pricing schemes that Pfizer and GlaxoSmithKline had been involved in prior to the setting up of the company. This program covers all low- and middle-income countries, as well as all of Sub-Saharan Africa.[7]

The company has also granted voluntary licenses to 14 generics companies to enable the low-cost manufacture and sale of generic versions of the company's products in specific countries and/or regions.[7] [8]

In March 2020, ViiV Healthcare announced the initiation of a study in partnership with University of South Carolina's Ryan White Program to determine the effectiveness of ride-sharing services in improving access to care for people living with HIV.[9]

See also

Notes and References

  1. Jacks, Andrew "GSK and Pfizer to Merge HIV Portfolios Financial Times. 16 April 2010
  2. Web site: Shionogi and ViiV Healthcare Announce New Agreement to Commercialise and Develop Integrase Inhibitor Portfolio . viivhealthcare.com . 7 March 2014.
  3. Web site: ViiV vows joint venture will help fight HIV . 2023-11-03 . Financial Times. London.
  4. http://www.viivhealthcare.com/about-us/locations.aspx "ViiV Healthcare Company Website. About Us – Locations"
  5. Web site: Our HIV medicines. 2022-03-10.
  6. Web site: Generic Rescriptor Availability. Drugs.com. 2022-03-10.
  7. https://www.viivhealthcare.com/what-we-do/we-improve-access-to-our-medicines.aspx "ViiV Healthcare Company Website. We Improve Access to Our Medicines"
  8. Reuters "Glaxo, Pfizer JV Opens HIV Pipeline to Generic Companies" Africa – the Good News. 19 July 2010
  9. Web site: ViiV Healthcare initiates study with the University of South Carolina to evaluate the benefits of ride-sharing services on improving access to care for people living with HIV. Olean Times Herald. 2020-03-03.