Abbott Blinks First and Brazil Gets Its AIDS-Drug Discount

Some 23,000 people in Brazil use the AIDS drug, Kaletra, made by the Abbott laboratories as part of the country’s AIDS program in which they are furnished drugs free of charge by the government.

The good news is that the government has gotten a substantial discount on the drug. Beginning in March of next year the price will come down from US$ 1.17 per capsule to US$ 0.63, reports the Brazilian Health Ministry.

Health Minister, Saraiva Felipe, says that the discount will mean an economy of around US$ 340 million over a five-year period (2006 to 2011) for Brazil.

Meanwhile the Abbott lab announced it will donate some US$ 3 million in other antiretroviral drugs and diagnostic kits. It also said it is studying a discount for Brazil on a new drug, Meltrex, which is still in tests in the US.

The Minister said the discount came after hard negotiations bolstered by Brazil’s stellar reputation in the treating of AIDS.

Brazil is the only developing nation that gives all HIV/AIDS positive persons free care if they need it. Some 160,000 people are enrolled in the program, which has become a model for the world.

ABr

Tags:

You May Also Like

Brazil President Sees Sunny Side of US Crisis: Obama’s Victory

Brazilian President, Luiz Inácio Lula da Silva, sees a silver lining in the recent ...

Brazil’s Tapeba Indians Want Their Land Back

For many years, the Brazilian State claimed that there were no indigenous people in ...

Brazil to let dollar rise in face of real

Brazil Ready to Let Dollar Climb and Interests Fall

Brazil has named a strong critic of the country's Central Bank strict (and controversial) ...

Brazil Has Never Seen Its Key Interest Rate So Low: 10.25%

The Central Bank of Brazil cut its benchmark interest rate Selic for a third-straight ...

Arab Summit Brings Typical Art and Food to Brazil

Brazilian music, Arab cinema, Moroccan food, photography exhibits, and typical Peruvian cuisine should be ...

Brazil Sends 3 Ministers, Pelí© and Paulo Coelho to Davos

The World Economic Forum got started today in Davos, Switzerland. The theme of this ...

In Brazil Only 35% Say Economy Is on the Right Track

After falling in July and September polls, consumer confidence in Brazil remained steady in ...

Brazil’s Giant Petrobras Gets Another Piece of Argentina

The Executive Director of Petrobras Argentina, Alberto Guimarães, said that Petrobras is awaiting authorization ...

Global Warming Might Turn Brazil’s Amazon into Scrubland

The conference held in the United Kingdom early this month on climatic changes cautioned ...

Jovino’s Alchemy

Last December, when Brazzil interviewed composer, flautist, and keyboardist Jovino Santos Neto, he spoke ...