Navigation Links
Clinton Foundation Eases Over-Pricing Of AIDS Drugs Once More

Former US president Bill Clinton has once again lent a helping hand to HIV/ AIDS victims. After a fallout between the Brazil government and drug giant Merck over pricey anti-retroviral drugs, the Clinton foundation has helped diffuse the situation. Clinching a deal with two Indian pharmaceutical companies Cipla and Matrix, Bill Clinton announced the tie-up with the companies to provide second-line AVR drugs and a next generation one-pill-a-day drug.

Cipla and Matrix agreed to price their drugs on a cost-plus basis and collaborate with Clinton Foundation HIV and AIDS Initiative (CHAI) to lower production costs, in part, by securing lower prices for key raw materials and by addressing major chemistry challenges.

These agreements lower prices for 16 formulations of ARVs, which will be available to 66 developing countries in Africa, Asia, Latin America and the Caribbean through the Clinton Foundations Procurement Consortium, a release from CHAI added.

Bill Clinton was quoted: Seven million people in the developing world are in need of treatment for HIV/AIDS. We are trying to meet that need with the best medicine available today, and at prices that low-and middle-income countries can afford. I applaud Cipla and Matrix for their commitment to lower the cost of new drugs at the forefront of the fight against AIDS, and I thank UNITAID for the funds.

The AIDS virus infects nearly 39 million people globally, and has killed 25 million people since it was identified 25 years ago. Virtually all (95 percent) of people infected with the virus live in the developing world.

Experts say that by the year 2010, nearly half a million people in developing countries will need the drugs which currently cost far more money than the majority of developing countries can afford.

As Clinton was reported saying- companies will not live or die because of high price premiums for AIDS drugs in middle-income countries, but pati ents may.

The former US president states that while he upholds the belief in intellectual property and understands that manufacturers need to earn profits to keep the discovery and supply of AIDS drugs sustainable, that creed should not prevent essential life-saving medicines reaching those who need them in low and middle-income countries.


'"/>




Related medicine news :

1. Clintons new problem - Is the outgoing American president suffering from skin cancer?
2. AIDS testing gets support from Bill Clinton
3. Bill Clinton On A Kill, To Bell The Bulge Out of Schools
4. MoU for HIV/AIDS Signed by Nigeria and Clinton Foundation
5. Clinton, Gates Highlight Treatment, Discrimination of AIDS
6. Powerful Synergy: Botswana and Clinton foundation To Sign MOU
7. Clinton’s Nutrition Deal Cuts Junk Food on School Menu
8. Bill Clinton Says US Healthcare System Immoral
9. Hillary Clinton Speaks Up Strongly for Stem Cell Research
10. Woodruff Foundation Grant To Support Doctorate Of Nursing Practice Program
11. Kalam To Lay Foundation Of Vellore Research Center
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:12/7/2016)... , ... December 07, 2016 , ... "Hacking into my ... had described him as 'a genius.'" Thus begins "Margaret in Berlin," Book Twelve in ... published by Wyston Books, Inc. These novels narrate the lives of a ...
(Date:12/6/2016)... ... December 06, 2016 , ... Men with gum ... risk of serious health problems, such as cardiovascular illness, according to research cited ... Beverly Hills Periodontics & Dental Implant Center notes that the correlation between periodontal ...
(Date:12/6/2016)... ... ... An inventor, from Talladega, Ala., thought there needed to be a more ... , The SLING-VEST provides an effective way to support and align the arm or ... result, it helps to reduce discomfort and shifting. The invention features an effective design ...
(Date:12/6/2016)... ... ... Mount Sinai Health System today announced the creation of the Medical Modeling ... order 3D models for their cases. Virtual reality, simulation, and 3D printing services ... resource will be the first of its kind catering to the unique patient-specific modeling ...
(Date:12/6/2016)... Scottsdale, Arizona (PRWEB) , ... December 06, 2016 , ... ... less than fIve days after launch. Almost 200 backers pledged more than $25,000 ... life-changing technology. , Dr. Amy Serin, an Arizona Neuropsychologist and inventor, ...
Breaking Medicine News(10 mins):
(Date:12/6/2016)...  BTL Aesthetics today announced the release of ... ME device was effectively redesigned for more efficient, ... tissue. The result: Significantly better outcomes in abdominal ... ME versus BTL Vanquish. "We are ... patients with the most highly-advanced devices on the ...
(Date:12/6/2016)... 6, 2016  Arcturus Therapeutics, Inc. ("Arcturus" or ... today that it entered into collaboration with Takeda ... the treatment of NASH and other gastrointestinal (GI) ... LUNAR™ and UNA Oligomer chemistry. The financial terms ... commitment to and expertise in GI disorders, we ...
(Date:12/6/2016)... 6, 2016 A new study released today ... 340B) projects the 340B Drug Pricing Program will continue to ... it is expected to exceed $23 billion in total purchases ... purchases surpass current Medicare Part B drug reimbursement purchases over ... – based on analysis of data on total drug purchases ...
Breaking Medicine Technology: