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TRIPS also extends the transition period, until 2016, in which least developed countries do not have to enforce or grant patents on pharmaceutical products. Drug company Glaxo Smith Kline announced it is cutting by nearly 50 percent the price of its Combivir HIV/AIDS treatment in 63 of the world's least developed countries, including in sub-Saharan Africa, the world's hardest-hit region. 1, today announced a reduction in the price of its HIV/AIDS medicine, STOCRIN (efavirenz), in the least developed countries of the world and those hardest hit by the epidemic. |
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