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International News Bristol-Myers, Baylor College to Launch $40 Million Pediatric HIV/AIDS Treatment Initiative in Developing NationsJune 27, 2005 Pharmaceutical company Bristol-Myers Squibb and Baylor College of Medicine on Monday are expected to announce they will launch a $40 million initiative to treat children living with HIV/AIDS in developing countries, the AP/Cincinnati Enquirer reports. Under the initiative, which is part of the drug maker's Secure the Future program, Baylor -- which is based in Houston, Texas -- and New York-based BMS will send as many as 250 physicians to Africa for a two-year program to train local health care workers and treat HIV-positive children. Baylor will contribute approximately $10 million to the program to pay up to $40,000 per person in student loans for participating doctors. BMS will contribute $30 million to the initiative, a portion of which will be used to pay each participating doctor an annual stipend of $30,000 plus living expenses (Agovino, AP/Cincinnati Enquirer, 6/27). BMS also will reduce the price of pediatric formulations of its antiretroviral drugs Zerit and Videx in developing countries. The cost of Videx will be reduced from $1.50 daily to 85 cents daily, and Zerit will be offered at 15 cents daily, down from $1.43. In addition, the company is building four children's clinics -- two in Africa and two in non-African countries highly affected by HIV/AIDS. Clinics in Uganda and Burkina Faso are expected to open next summer, and clinics in Russia and China are being considered. Reaction Back to other news for June 27, 2005
Reprinted with permission from kaisernetwork.org. You can view the entire Kaiser Daily HIV/AIDS Report, search the archives, or sign up for email delivery at www.kaisernetwork.org/dailyreports/hiv. The Kaiser Daily HIV/AIDS Report is published for kaisernetwork.org, a free service of the Kaiser Family Foundation, by The Advisory Board Company. © 2004 by The Advisory Board Company and Kaiser Family Foundation. All rights reserved. This article was provided by Henry J. Kaiser Family Foundation. It is a part of the publication Kaiser Daily HIV/AIDS Report. Visit the Kaiser Family Foundation's website to find out more about their activities, publications and services.
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