ABC Money
Home

Thai govt approves generic versions of Kaletra, Plavix


Published :
Mon, 29 Jan 2007 11:24
By : Agencies
Print this Story


AddThis Social Bookmark Button

BANGKOK (XFN-ASIA) - The health ministry said it has approved generic versions of the anti-AIDS drug Kaletra and the blockbuster heart drug Plavix.

'We have already issued compulsory licenses for two drugs, Plavix and Kaletra, in order to make the price more affordable in Thailand. Right now, the price of these two drugs is very high,' a ministry spokesman said.

The announcement follows Thailand's decision in November to allow generic versions of pharmaceutical giant Merck's high-priced HIV/AIDS drug Efavirenz.

But the decision to break the patent for Plavix -- sold by French-based Sanofi-Aventis and its US partner, Bristol Myers-Squibb -- marks a departure from a global trend of trying to lower prices on AIDS drugs.

Plavix, a blood-thinning treatment to prevent heart attacks, is believed to be the second-largest medication sold worldwide with global sales of 5.9 bln usd in 2005.

A Canadian company briefly introduced a generic version last year before getting pulled from shelves due to court challenges over the patent's validity.

AIDS activists and others had praised Thailand's decision to lower the cost of HIV treatments last year, but the latest decision drew sharp warnings from pharmaceutical firms who warned they would have to reconsider their investments in Thailand.

'They are concerned about continuing to invest in a country where the government cannot provide a basic guarantee for the safety of their assets,' the Pharmaceutical Research and Manufacturers' Association (PReMA) said last week.

gs/gn/rc




Share on


 You Might Like
Judge considers Plavix patent validity
Sales of Sanofi-Aventis blockbuster drug Plavix rebound in US - report
+
Bristol-Myers Q4 loss per share 0.07 usd
Barr CEO to testify on patent issues

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.