California Pressures Bristol-Myers Squibb on Cost of AIDS Drug
August 3, 2010
In the last decade, the number of clients seeking help from California's AIDS Drug Assistance Program has grown by 60 percent. Concurrently, ADAP's spending on drugs has ballooned by almost 200 percent, from $302 for each antiretroviral prescription a decade ago to $583 per prescription today. Now state officials are calling on one drug company in particular, Bristol-Myers Squibb (BMS), to help control drug costs.
Last month, Controller John Chiang wrote BMS asking it "to step up and join the other pharmaceutical companies that have found ways to reduce the cost of drugs to California."
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