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...dollars spent on research, and argue that generic copies eliminate the rewards that fund drug discovery and development. (Drug patents typically expire after 20 years in the U.S., but that figure varies from country to country.) Some aid groups and scientists say the drugs' prices put them beyond the reach of those who need them most, and claim the companies put profits and patents before lives...

Author: /time Magazine | Title: The Halo Effect | 9/20/2007 | See Source »

...would any drug company want to do business in Africa? To be a pharmaceutical giant on the continent is to be accused of discriminating against the poor, either by pricing medicine beyond their reach or by ignoring diseases that are endemic in poverty-stricken areas. It is also to invite suspicion of using Africans as guinea pigs in unsafe drug trials - such allegations have led to ongoing lawsuits seeking more than $9 billion against Pfizer in Nigeria. (Pfizer says the allegations "are simply untrue" and is fighting the charges against a trial it calls "responsible and ethical...

Author: /time Magazine | Title: The Halo Effect | 9/20/2007 | See Source »

...There will always be people who are cynical about big corporations." And yet it is undeniable that Merck's work is saving lives. The ACHAP program has been a stunning success. There are now 30 clinics providing free ARVs and counseling across Botswana, and four more mobile clinics to reach remote areas. More than 7,000 health workers have been trained in treating HIV/AIDS. Of the estimated 110,000 people who need treatment in Botswana, 82,000 receive it - a proportion higher than any other country in sub-Saharan Africa except Rwanda. Mother-to - fetus transmission of HIV/AIDS has dropped...

Author: /time Magazine | Title: The Halo Effect | 9/20/2007 | See Source »

...Caterpillar and Detroit Diesel have gone bankrupt. Three former UAW executive board members recently signed a letter criticizing the VEBA plan as "knowingly placing members at risk." The other option, though, is losing retiree health benefits entirely. "If you don't go along with a VEBA, the automakers may reach a point where the only alternative is to file Chapter 11," says Eric Merkle of IRN Automotive Intelligence. "The UAW has to take on more of the risk...

Author: /time Magazine | Title: GM's Get-Well Plan | 9/20/2007 | See Source »

...conversation only for an occasional hacking cough or to answer calls as they came in, every few minutes, on his new iPhone. With elections on the way, a series of heated geopolitical statements to spin, the usually unforthcoming Russian government recently hired a U.S.-based PR firm to reach out with its side of the story. TIME's session appears to be among the early fruit of that contract...

Author: /time Magazine | Title: How to Look into Putin's Soul | 9/19/2007 | See Source »

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