Sunday, January 26, 2014

ANS -- Developed cancer drug for 'western patients' who could afford, not 'for Indians': Bayer's CEO

Here is [part of] an interesting article wherein a CEO slips up and tells the truth. 
Find it here: http://economictimes.indiatimes.com/news/news-by-industry/healthcare/biotech/pharmaceuticals/developed-cancer-drug-for-western-patients-who-could-afford-not-for-indians-bayers-ceo/articleshow/29349631.cms?intenttarget=no   
--Kim

Developed cancer drug for 'western patients' who could afford, not 'for Indians': Bayer's CEO

By AFP | 25 Jan, 2014, 09.17PM IST
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Read more at:
http://economictimes.indiatimes.com/articleshow/29349631.cms?intenttarget=no&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

NEW DELHI: Global medical charity Medecins Sans Frontieres slammed on Friday a statement by Bayer's chief executive that the giant German firm only developed its cancer drug Nexavar for people who could afford the medicine, not "for Indians".

India's controller general of patents angered Bayer in March 2012 when he authorized a local drugmaker to produce a generic copy of Nexavar, saying the German company charged a price that was too costly for most Indians.

[There's more to the article, but it wouldn't let me copy any more of it.  I had to do it several times to get those two paragraphs... Go to the website to read more.]

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