A unique social business partnership in Spain for people living in poverty
A social business program in Spain in partnership with Banco Farmacéutico, an organization that offers medicines for people in poverty while covering the expected co-pay, based on a unique operating model using 1,000 pharmacies. Teva covers the co-payment when a Teva product is dispensed to relevant patients in the program.
Objectives
Increase the number of patients treated and as a result, improving the patients’ quality of life and survival rate.
Teva has committed to a three-year long partnership to provide medicines for the patients in the program. Since it is a social business model, we expect the program to continue as long as it is sustainable and meets the needs of patients and partners.
The Social Business Access program in Spain is dedicated to support people living in poverty, migrants, unemployed persons and people experiencing homelessness suffering from chronic diseases and need regular medication.
This program involves providing support to people in poverty in a respectful manner by allowing the patients to receive the medicines at one of 1,000 pharmacies without paying the expected co-pay, while Banco Farmacéutico covers it separately to the pharmacies participating in the program. Teva covers the co-payment when a Teva product is dispensed to patients meeting certain criteria.
Results and milestones
Banco Farmacéutico reaches approximately 5,000 people a year.
Geographic Reach
- Europe
Disease Area
- Other
Target Population
- People with low incomes
SGDs the partnership contributes to
SDG 3: Good Health and Wellbeing
- 3.8: Achieve universal health coverage
SDG 17: Partnerships for the Goals
Geographic Reach
Europe
- Spain
Disease Area
Other
- General Health