Thursday, March 01, 2007

BMS AIDS medicine pricing - "a cold hearted business calculation"

The AIDS Healthcare Foundation recently launched an advertisement campaign against Bristol-Myers Squibb over the price of the pharmaceutical company's antiretroviral drugs Reyataz and Videx in Mexico, the AP/Forbes reports.

Ads appeared on Thursday in the Los Angeles Weekly, and similar ads are scheduled to appear in the Village Voice and Mexico's La Jornada, according to AHF.

AHF President Michael Weinstein in a statement said that BMS charges four times as much for Reyataz and Videx in Mexico than it does for the drugs in parts of Africa and Asia.

He added that BMS' pricing in Mexico is a "cold-hearted business calculation" that "effectively makes these drugs out of reach for nearly all people living with HIV/AIDS" in the country.

According to AHF, BMS and other pharmaceutical companies provide antiretrovirals to some impoverished countries at very low prices, but because Mexico is considered a middle-income country, it does not qualify for the same prices.

An antiretroviral regimen in Mexico can cost up to $6,000 annually, while the country's per capita income is about $7,300 annually, AHF said.

Source

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