Thursday, October 23, 2003
Clinton makes a deal
Former President Bill Clinton has secured a deal with four generic-drug companies to provide low-cost AIDS drugs in the developing world, an aide to the former president said Thursday.
The agreement, which was to be announced at a news conference later Thursday, will cut the price of a triple-drug regimen to about 38 cents a day.
The deal, brokered by the William J. Clinton Presidential Foundation, was reported Thursday in The Wall Street Journal and confirmed by the Clinton aide, who spoke on the condition of anonymity.
The companies involved -- three Indian companies and one South African firm -- opened their books to a group of Clinton advisers, who then worked with the companies to cut costs.
Patented versions of the regimen run at least $1.54 per day. Where available, the discounted generic regimen costs 55 cents per day.
Story.
posted by chris at 10:20 PM
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