Bristol-Myers Squibb relents on AIDS drug pricing following sustained AHF advocacy campaign

13 August 2010

Following ongoing advocacy campaigns spearheaded by the USA-based AIDS Healthcare Foundation (AHF) that targeted several of the largest AIDS drug companies over their pricing and rebate policies for the nation's AIDS Drug Assistance Programs (ADAPs), the federally funded, state run programs that supply lifesaving AIDS drugs to low-income Americans in need, that the last remaining major AIDS drug company, Bristol-Myers Squibb this week announced an agreement that will provide additional cost savings to cash-strapped ADAPs nationwide (The Pharma Letter July 28).

Prior to B-MS' announcement of an agreement, with the ADAP Crisis Task Force (ACTF) of the National Alliance of State & Territorial AIDS Directors (NASTAD), Merck & Co, Johnson & Johnson's Tibotec Therapeutics, Gilead Sciences, Viiv Healthcare (a new drug company formed in a partnership between GlaxoSmithKline and Pfizer) and Abbott Labs all offered significant discounts and pricing concessions to cash-strapped ADAPs.

Among B-MS' commitments in the deal are the provision of its HIV medicines to eligible patients based on medical and financial needs and paying the first $200/month ($2,400/year) of an eligible patient's out-of-pocket co-pay costs for up to one year.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical