Former President Bill Clinton and two Indian pharmaceutical companies have struck an agreement to cut prices of HIV and AIDS treatment for children, making the lifesaving drugs far more accessible worldwide, Clinton's foundation's anti-AIDS initiative said.
The companies will supply drugs for HIV-positive children at prices as low as 16 cents a day, or less than $60 a year, according to a statement by the Clinton Foundation HIV/AIDS Initiative.
The deal will enable an additional 100,000 HIV-positive children in 62 countries to receive treatment in 2007, the foundation said.Under the agreement, the two companies -- Cipla Ltd. and Ranbaxy Laboratories Ltd. -- will supply 19 different antiretroviral formulations for prices about 45 percent less than the lowest current rates for these drugs in developing countries, the statement said.
[AP]
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