Glaxo to invest in Aids drugs

DRUGS maker GlaxoSmithKline plans to invest up to £60million (about R802million) over 10 years to improve research, development and access to Aids drugs in Africa, the company said yesterday.

DRUGS maker GlaxoSmithKline plans to invest up to £60million (about R802million) over 10 years to improve research, development and access to Aids drugs in Africa, the company said yesterday.

It has also agreed a new free voluntary licensing agreement for Aids drug abacavir, or Ziagen, with South African generic drugs maker Aspen Pharmacare, in which it has a 16percent stake.

Glaxo took a lead in February by promising to place many of its patents on drugs for tropical diseases into a free "pool".

The company stopped short of offering patents on medicines for HIV-Aids, which it does not consider to be a neglected disease. - Reuters

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