J. Worthington Black,

CEO and Chairman of the Board,

Millennium Pharmaceutical, Inc.

The pharmaceutical industry faces tremendous opportunities associated with extraordinary scientific and technological progress. With these opportunities come great challenges created by the growing expectations of patients, healthcare providers, and governments for accessible, cost effective medicines as quickly as possible.  We have a strong commitment to partnerships involving everyone in healthcare. Our core philosophy is competitive superiority and shareholder value. It is through those strengths that we believe Millennium Pharmaceuticals will continue to provide longer, healthier lives through pharmaceuticals.

The pharmaceutical industry has made tremendous strides in providing assistance to fight the HIV/AIDS pandemic in Africa. In the past two years the major pharmaceutical firms in the United States and across the world have made major commitments to funding, providing research, medicines, and outreach to nations in Africa. 

I called this meeting to get your input: 

 Last, there is a policy issue that I’d like your advice.  Lanjouw, at Yale, has put forward a two-tier proposal for patent protection.  Corporations decide whether they want protection in the developed world, or in the Third World.  It gets protection in the tier of choice, and then permits lower priced copy-cat drugs in the other.   We don't have patents on our medications in most African states--it is too expensive.   It is my understanding that Treasury likes it, and that the Trade Office doesn’t.  Do we have a strong preference?  If so, we will instruct our lobbyists to begin their work.  

 

Jason Bratton, Treasurer

Gordon Marcus,  Board of Directors

Angela Sweet, Public Relations

Harold Schroeder, HIV/AIDS Research and Development 

Questions for Millennium