Novartis to distribute cancer drug free to needy
11 May 2001
Leading Swiss pharma company, Novartis, surprised the global community by announcing that it would distribute its revolutionary anti-cancer drug, Gleevec, free to patients who cannot afford it. This move is applicable only to patients in the US.
The company said that it would give away the Gleevec to any uninsured patient who earned less than $43,000 a year. People earning as much as $100,000 will also receive heavy discounts.
Given its startling trial results, Gleevec received approval for release in the US in just three months, nine months faster than normal.
Gleevec would normally cost $2,000-$2,400 a month for patients with chronic myeloid leukaemia, a rare form of the disease that causes a fatal overproduction of white blood cells.
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
