AIDS drug cheaper in Brazil
July 5, 2007
Drug maker Abbott Labs of north Chicago has agreed to lower the price of an AIDS-fighting drug for the Brazilian government.
The Brazilian government provides that medication for free in an effort to stop the spread of the deadly disease in Brazil.
Under the agreement, Abbott will cut the price of Kaletra by 30 percent.
Brazil had threatened to ignore Abbott’s patent and develop a generic version of the drug, if a deal could not be reached.
