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Glaxo to Cut Drug Prices in Developing World

No. 2 pharma firm will open 'patent pool' to outside scientists

By Matt Cantor,  Newser Staff

Posted Feb 14, 2009 11:25 AM CST

(Newser) – GlaxoSmithKline’s new boss has proposed a radical rethinking of big pharma in developing countries: He plans to cut prices, offer portions of profits to hospitals, and loosen his firm’s grip on patents that keep prices up, the Guardian reports. “I think it's...   Read full story »

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