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...market, to public-health officials in the developing world at a loss totaling more than $253 million - not counting the millions spent on R&D. That's added up, the firm reports, to more than 550,000 lives saved. In late January, the company unveiled the first pediatric dose of Coartem - less bitter and easier to swallow than the adult version - which is expected to help in the battle against a disease that kills more than 700,000 children under 5 each year...

Author: /time Magazine | Title: A Better Deal on Malaria | 2/26/2009 | See Source »

Almost from the get-go, however, Coartem's high $2.40-a-dose price tag was criticized by public-health officials and activists. Dr. Daniel Vasella, CEO of Novartis, says the company realized it was pointless to try to sell a medication to people who couldn't afford it. So in 2001 the company signed an agreement with the World Health Organization to bring the price down to $1 per dose, or just about the cost of making it. Then the drugmaker went one step further, slashing that price again, to 80 cents - in other words, taking a 20% loss. Meanwhile...

Author: /time Magazine | Title: A Better Deal on Malaria | 2/26/2009 | See Source »

...proved particularly difficult. The problem lies in how to successfully monitor the supply chain while still minimizing costs, and so far, no good solution has been found. Vasella recalls visiting a Catholic mission in a Tanzanian village recently and finding that the nuns there were still paying $1 per dose. "We have all the intermediaries marking up the price dramatically," he says. "We've heard reports of some charging as high as $8 a dose to get Coartem to remote areas...

Author: /time Magazine | Title: A Better Deal on Malaria | 2/26/2009 | See Source »

There is also the issue of drug resistance, which makes finding the next new breakthrough antimalarial all the more vital. Until that happens, Novartis hopes its new pediatric dose - which the company spent the past four years developing - is the next step toward the eventual eradication of a childhood killer...

Author: /time Magazine | Title: A Better Deal on Malaria | 2/26/2009 | See Source »

...sports such as bungee jumping might want to use harder names." When a product like the Scirocco folds, it might have been done in not just by the nonintuitive pronunciation of the name (shi-rock-o), but also by its definiton: a hot desert wind. That's a double-dose of danger that could simply be too much for safety-conscious consumers. (See TIME's special report on the environment...

Author: /time Magazine | Title: Would You Buy Xylitol? Why Some Names Scare Us | 2/24/2009 | See Source »

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