AEGiS-Chicago Tribune: Deal made on lower price of AIDS drug Chicago TribuneImportant note: Information in this article was accurate in 2005. The state of the art may have changed since the publication date.
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Deal made on lower price of AIDS drug

Chicago Tribune - July 10, 2005


RIO DE JANEIRO, BRAZIL -- Brazil and a U.S. drugmaker reached an agreement late Friday on a reduced AIDS drug price, prompting the Latin nation to end plans to break the company's patent, the Health Ministry said Friday.

The agreement, reached after 10 days of negotiations, calls for Abbott Laboratories to significantly reduce its price for the drug Kaletra over the next six years, the ministry said.

The Health Ministry said Abbott's price reduction will allow Brazil--with about 600,000 HIV patients--to save about $260 million over six years.


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