May 8, 2007

Clinton Knocks Down Drug Prices

Former President Bill Clinton announced new agreements today between his foundation, international drug organization UNITAID and generic manufacturers that will lower the price of second-line drugs in the developing world, as well reduce the price of a first-line, one-a-day AIDS drug to less than $1 per day. The price of the second-line treatments would drop by an average of 25 percent in low-income countries and 50 percent in middle-income countries.