Indian government uses special powers to slash drug price by 97%

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S. Kritikos

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Mar 13, 2012, 5:27:52 PM3/13/12

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Folks, good news from India:

http://timesofindia.indiatimes.com/india/Govt-uses-special-powers-to-slash-cancer-drug-price-by-97/articleshow/12240143.cms
Govt uses special powers to slash cancer drug price by 97%

"In the first-ever case of compulsory licencing approval, the Indian
Patent Office on Monday cleared the application of Hyderabad's Natco
Pharma to sell generic drug Nexavar, used for renal and liver cancer,
at Rs 8,880 (around $175) for a 120-capsule pack for a month's
therapy. Bayer offers it for over Rs 2.8 lakh (roughly $5,500) per 120
capsule. The order provides hope for patients who cannot afford these
drugs."