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GlaxoSmithKline to allow second firm to make AIDS drugs in South Africa.

Europe Intelligence Wire

| December 10, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Agence France Presse)

The South African arm of GlaxoSmithKline, which has been rapped for inflating prices of its AIDS drugs, said it would allow a second manufacturer to produce generic versions of its antiretroviral (ARV) medicines.

The move will lead to a significant drop in AIDS drug prices, a top official of an independent competition watchdog said Wednesday.

The company also agreed to entertain applications from two more generic manufacturers, a company statement said, according to the SAPA news agency.

GlaxoSmithKline "has... agreed to entertain applications for a further two possible licences," the SAPA news agency quoted a …

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