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India firm shakes up cancer drug market with price cuts

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“Hamied, chairman of generic drugs giant Cipla, last month slashed the cost of three medicines to fight brain, kidney and lung cancer in India, making the drugs up to more than four times cheaper. [..]

Hamied, 76, was pilloried by Western drug giants 11 years ago when he broke their monopoly by offering to supply life-saving triple therapy AIDS drug cocktails for under $1 a day ??? one-thirtieth the price of the multinationals.

The firms branded him an intellectual property thief while he accused them of being ???global serial killers??? whose high prices were costing the lives of AIDS patients.

???What he did was path-breaking. It has been very important in saving lives, and what he is doing with cancer drugs is the same,??? said Leena Menghaney, a lawyer with humanitarian group Medecins sans Frontieres (Doctors Without Borders).”



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