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Article: Victory! Colombian Government Cuts Price of Abbott's Lifesaving AIDS Drug Kaletra 55%, Says AHF.
- Article from:
- AIDS Weekly
- Article date:
- May 25, 2009
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Colombian and international AIDS advocates and activists claimed victory today after the government of Colombia announced that it will cut the price of Abbott Laboratories' lifesaving AIDS drug, Kaletra to $1,067 USD for the public sector hospitals and clinics and $1,591 USD for the private sector. Government officials had asked the Chicago-based pharmaceutical giant to voluntarily lower the price; however, the company refused. As a result, Colombia invoked its power to cut and freeze the price of the key AIDS drug. The cut represents a roughly 55% price reduction in Colombia, where Abbott previously charged the private sector approximately $3,500 USD per patient yearly ...