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...past nine years, the drug company Novartis has been selling Coartem, one of the most effective antimalarials on the 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...

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

Novartis' foray into fighting malaria is emblematic of the ongoing debate in health care about where good public relations gives way to real corporate responsibility. True, the $42 billion firm has actively sought applause on the world stage. On the other hand, Coartem is a drug that has virtually no commercial value in the high-margin markets of the global North. "Novartis could be making a lot more money making hypertension or diabetes medications that the people in the U.S. and Europe would buy," says Awa Coll-Seck, executive director of Roll Back Malaria, a global partnership founded with...

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

...step further, slashing that price again, to 80 cents - in other words, taking a 20% loss. Meanwhile, it ramped up production, subsidizing plant cultivation in China and Kenya in order to be able to provide 100 million doses of Coartem a year throughout Africa and Asia. "We had the drug and the knowledge to help," Vasella says. "It was our responsibility to be engaged...

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 »

...crime is carried out by professional gangs supported by local warlords and even government officials, with ties to the international black market in antiquities. While estimates of this illicit trade vary widely, government authorities put it at as high as $4 billion, roughly on par with the country's drug trade. This hurts not only historians and archaeologists who are just starting to understand the country's important role in the development of Central Asian civilization - many experts say that Afghanistan compares to Egypt in terms of the historical value of its archaeological sites - but also Afghans themselves...

Author: /time Magazine | Title: Afghanistan: A Treasure Trove for Archaeologists | 2/26/2009 | See Source »

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