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Scan day: 01 February 2014 UTC
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Description: News, analysis and links to progressive organizations and information.
Up there in the annals of multinational corporations doing heinous things in the name of obscene profits comes the German-based Bayer's response to India ending the pharma giant's monopoly for a pricey new anti-cancer drug, thus allowing a small Indian company to make a generic version that regular sick people can afford. A year of Bayer's Nexavar costs $96,000 in the U.S. and $69,000 in India, 41 times the per capita income; India's Natco Ltd. made it for $177 a year. Outraged Bayer officials charged such uppitiness was "essentially theft" and they will damn well fight to "defend our intellectual property rights." We know about meeting hate with love, but: May they one day desperately need medicine they cannot get.
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Date | Creation Date: 13-May-1997 04:00:00 UTC Expiry Date: 14-May-2020 04:00:00 UTC |