Unfortunately, the mechanism for doing philanthropy in a structured way isn’t yet in place in India. I already do a fair bit and support various causes such as education, sanitation, health. But selling costly drugs at affordable prices is philanthropy in itself.
India made a big mistake by signing up to TRIPS. With a population of 1.3 billion, India can't afford a monopoly in healthcare. Monopolies lead to higher prices and we can't allow them in a country like India with so much poverty and misery. It was like signing our own death warrant.
To make marijuana against the law is like saying god made a mistake.- Bill Hicks
Mixing one's wines may be a mistake, but old and new wisdom mix admirably.- Bertolt Brecht
Cambodia was not a mistake; it was a crime. The world is diminished by the experience.- William Shawcross
Whenever I think, I make a mistake.- Roger L. Stevens
Error is discipline through which we advance.- William Ellery Channing
Comments on: "Yusuf Hamied Quotes: India made a big mistake by signing up to TRIPS. With a population..."
Patients are becoming aware that they’re being taken for a ride by big pharma companies. They charge high prices and have never cared for India’s healthcare. There are 23 million cases of cancer every year and India has a fair share of that.
If you look at the world’s top 50 drugs being sold today, they are being marketed and sold by companies that did not invent them. I respect patents. I’ll pay a royalty. But I shouldn’t be denied the right to produce drugs for poor people at reasonable prices.
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