Tag Archives: cheap

India police arrest cheap mobile maker on fraud charges

India police arrest cheap mobile maker on fraud chargesLUCKNOW, India (AP) — The director of an Indian company that claimed it was selling the world's cheapest smartphone was arrested Thursday on fraud charges, police said Friday.

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Manufacturing deal wins China cheap supply of GSK’s new HIV drug

A British Airways airplane flies past a signage for pharmaceutical giant GlaxoSmithKlein in LondonChina will receive cut-price supplies of GlaxoSmithKline's new HIV drug Tivicay, following a deal for Shanghai-based Desano Pharmaceuticals to become an additional manufacturer of the medicine's active ingredient. The collaboration between GSK's HIV unit ViiV Healthcare and Desano marks an improvement in the business climate for the British drugmaker, which was fined a record 3 billion yuan ($ 484 million) in September for bribing Chinese doctors. Under the agreement announced by ViiV on Thursday, Desano will manufacture the active pharmaceutical ingredient for Tivicay, or dolutegravir, to feed into the GSK/ViiV supply chain for onward sale in China and other developing countries.

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Analysis: Fight for cheap drugs shifts from AIDS to new hepatitis pills

By Ben Hirschler LONDON (Reuters) – A new battle is looming over access to antiviral medicines in developing countries – this time for treating hepatitis C – more than a decade after a global showdown over the price of AIDS drugs in Africa. Drugmakers like Gilead Sciences, whose product Sovaldi won U.S. approval this month with a $ 1,000 a day price tag, are under mounting pressure to strike deals to avoid a rerun of the disputes that stalled early access to HIV therapy. “Affordability is an urgent and pressing issue,” World Health Organization (WHO) Director General Margaret Chan told Reuters during a visit to London. I hope we can learn from the lesson of HIV and find solutions without confrontations.” In the 1990s, HIV/AIDS drugs costing more than $ 10,000 per patient a year were simply out of reach for millions of people in the developing world.
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