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Tuesday 14 February 2006
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SOUTHERN AFRICA: India/South Africa cheap AIDS drugs venture announced


[This report does not necessarily reflect the views of the United Nations]


JOHANNESBURG, 7 February (PLUSNEWS) - Indian drug company Ranbaxy and South Africa's Community Investment Holdings (CIH) have agreed to jointly supply cheaper anti-AIDS drug to three Southern African countries.

Ranbaxy will hold a 70 percent stake in the joint venture while CIH, which has investments in key areas of technology, logistics and health, will hold the remaining 30 percent.

In a statement Ranbaxy said high-quality low-cost antiretrovirals (ARVs) would be distributed by governments, aid groups, AIDS management companies and retail pharmacies in South Africa, Botswana and Namibia.

The Indian drug manufacturer, which has a significant presence in South Africa, has been providing generic ARVs at affordable prices to other developing countries hard-hit by the pandemic.

[ENDS]

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Recent SOUTHERN AFRICA Reports
Armed forces to tackle impact of HIV/AIDS,  13/Feb/06
AIDS-prevention policies promote stigma - expert,  28/Oct/05
HIV/AIDS eroding region's development, says UN report,  7/Sep/05
Farm workers neglected in HIV/AIDS prevention efforts,  11/Aug/05
HIV/AIDS, hunger a security threat, WFP warns,  1/Jul/05
Links
· AIDS Media Center
· The Global Fund to fight AIDS, Tuberculosis & Malaria
· International Community of Women Living with HIV/AIDS
· AEGIS
· International HIV/AIDS Alliance


PlusNews does not take responsibility for info in links supplied.


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