May 16, 2012
Bill to Create $3B Fund in Exchange for Generic HIV Drugs
The U.S. Senate is considering a bill to create a $3 billion
fund to offer a prize to developers of new medications in exchange for allowing
those drugs to immediately go generic, Politico reports. Many HIV-positive
individuals still struggle to pay for expensive medications, and the recession
is making it even harder. As of April 2012, 10 states had waiting lists for
their AIDS Drug Assistance Programs (ADAP) and 15 had taken “cost-containment
steps.” And despite the fact that ADAPs are able to get medications at
discounted prices, it still costs about $10,000 per patient per year to cover
drugs. Senator Bernie Sanders (I–Vt.) has proposed the bill as a way to close
gaps in care and get cheaper meds to the people who need them.
To read the Politico article, click here.
Search: HIV, generic drugs, Bernie Sanders, Senate, ADAP
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