Drug companies cut vaccine prices

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The Global Alliance for Vaccines and Immunization (GAVI) has stated that major drug companies have drastically cut the price of life-saving vaccines. GlaxoSmithKline (GSK), Merck, Johnson & Johnson and Sanofi-Aventis have agreed to cut prices through the international vaccine alliance GAVI.

GAVIs goal over the next five years, by 2015, is to immunize millions more children and save an additional four million childrens lives, purely by providing basic vaccines against diseases that are almost non-existent in rich countries, as well as providing new vaccines against pneumonia, diarrheal diseases and then hopefully HPV [Human Papillomavirus] and some other vaccine-preventable diseases, said Jeffery Rowland, a spokesperson for GAVI.

GSK has stated that it would cut the price of its vaccine by 67 percent; this is being subsidized by higher prices being charged in richer countries.

Sources: Bloomberg; VoaNews

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