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Clinton Foundation Works to Decrease Price of Malaria Drugs

July 26, 2007, 12:34 pm

The Clinton Foundation this week announced a program to subsidize the cost of malaria drugs in Tanzania, with the hope that the project can be copied throughout Africa, reports Reuters AlertNet.

The program will decrease the cost of drugs to 90 percent less than market prices and enable a national drug wholesaler to sell them, which will then distribute medications to rural stores.

The foundation, along with UNITAIDS, a global organization that fights AIDS, has also reached a deal with pharmaceutical companies to decrease the cost of antiretroviral drugs for poor countries. Prices will drop from about $200 per person per year to $25 to $60.

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