Word: glaxosmithklineã
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Dates: during 2004-2004
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Abbott’s actions have angered not just AIDS activists; other big name pharmaceutical companies–like Bristol-Myers Squibb and GlaxoSmithKline??€“are also livid. These companies produce AIDS drugs that must be combined with Norvir for optimal efficacy, so the Norvir price increase effectively raises the cost of their drugs as well. But Abbott has declined to pass along the Norvir price hike to its own combination drug, Kaletra (which is pre-boosted with Norvir), thereby undercutting its competitors. A savvy business move? Certainly. Kaletra will doubtless gain increased market share as higher Norvir prices...
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