President Clinton and Mylan Chairman and CEO Robert J. Coury Announce New Agreement to Lower Price of Treatment for Patients wit
07 August 2009 - 2:31AM
PR Newswire (US)
"Second-line" HIV/AIDS treatment available from Matrix, a Mylan
company, at $475 today and at $425 in 2010, 28% lower than the
current lowest-priced alternative PITTSBURGH, Aug. 6
/PRNewswire-FirstCall/ -- President Bill Clinton, Mylan Chairman
and CEO Robert J. Coury and Matrix Laboratories Founder and Vice
Chairman N. Prasad today announced an important agreement to enable
better, more affordable treatments for patients on "second-line"
antiretroviral (ARV) therapy for HIV/AIDS in the developing world.
For the first time, a second-line regimen of four ARVs will be
available for under $500 annually. Addressing the need for more
affordable second-line ARVs, Mylan Inc. (NASDAQ:MYL) and Matrix, a
Mylan company, are making available all four drugs -- Atazanavir
(ATV), Ritonavir (RTV), Tenofovir (TDF), and Lamivudine (3TC) --
needed to enable once-daily treatment of patients who have
developed resistance to standard first-line ARVs. The four drugs
will be available in three pills, with Tenofovir and Lamivudine
combined into a single pill. The three pills are being made
available today as separate products, with a total price of less
than $475. Matrix also will sell the pills together in one package
-- a "second-line-in-a-box" -- at $425 annually starting in 2010.
These new products and prices will be available to governments that
are members of the Clinton Foundation's Procurement Consortium
across Africa, Asia, Latin America and the Caribbean. TDF+3TC is
FDA approved, and ATV and RTV are pending approval by the World
Health Organization (WHO). Mylan Chairman and CEO Robert J. Coury
said: "Ensuring sustainable access to effective treatments in the
developing world is a critical element in the global fight against
HIV/AIDS. Mylan and Matrix are proud to continue our commitment of
creating and introducing innovative and affordable pharmaceutical
solutions. This includes our 'second-line-in-a-box,' which will
reduce patient pill burden and facilitate patient compliance. Our
affordable, heat-stable version of Ritonavir also represents
another advance in the development of products that can withstand
environmental conditions in parts of the world where treatment is
desperately needed." Coury continued: "We thank President Clinton
and CHAI for their hard work and brilliant efforts in this battle
and also appreciate their support of our efforts, which are
intended to make these essential drugs more affordable and
available to the patients who need them." Matrix Founder and Vice
Chairman N. Prasad added: "Enhancing the standards of care in the
developing world is a top priority for Mylan and Matrix. Together
we have done an extraordinary job developing a world-class ARV
franchise in only a few years. Our efforts will continue along with
other remarkable partner organizations such as CHAI."
"Second-line-in-a-box" The new Matrix product announced today will
create a more convenient second-line ARV treatment option. Patients
will take three pills once a day instead of five or more pills
twice a day (i.e. at least two in the morning and at least three in
the evening) as required by alternative regimens. Additionally, the
products will include the first-ever heat-stable version of
Ritonavir, which does not require continuous refrigeration for its
transport and distribution. Noting advantages in convenience and
affordability, WHO has identified the development of a second-line
ARV therapy including Atazanavir and Ritonavir as a top priority.
However, until now, this regimen has been largely unavailable since
the existing Ritonavir formulation required continuous
refrigeration, a major challenge for developing countries with
limited infrastructure. Countries have begun to adopt this regimen
in national treatment guidelines in anticipation of improved
product features and pricing, and the Clinton Foundation expects
many more to follow suit to take advantage of the agreements
announced today. If the new regimen is fully adopted, the new
products and prices would enable cumulative cost savings of $400
million over the next five years, when compared with recent prices
paid for alternative regimens. Although only 3% of total patients
on treatment in low-income and sub-Saharan African countries are
taking second-line ARVs today, these patients account for nearly
20% of total ARV expenditures because of the high cost of
second-line drugs compared to first-line drugs. These percentages
will grow steadily in the coming years as increasing numbers of
HIV/AIDS patients experience first-line treatment failure. There
were between 200,000 and 250,000 second-line patients across the
developing world at the end of 2008. This number is expected to
double over the next three years. About Mylan Mylan Inc., which
provides products to customers in more than 140 countries and
territories, ranks among the leading diversified generics and
specialty pharmaceutical companies in the world. The company
maintains one of the industry's broadest -- and highest quality --
product portfolios, supported by a robust product pipeline; owns a
controlling interest in the world's third largest active
pharmaceutical ingredient manufacturer; and operates a specialty
business focused on respiratory and allergy therapies. For more
information, please visit http://www.mylan.com/. About Matrix
Matrix Laboratories Limited, a subsidiary of Mylan, is engaged in
the manufacture of active pharmaceutical ingredients (API) and
finished dosage forms (FDF). Matrix is one of the fastest growing
API manufacturers in India and focuses on regulated markets such as
the U.S. and the European Union. The company has a wide range of
products in central nervous system, anti-bacterial, anti-AIDS,
anti-asthmatic, cardiovascular, gastrointestinal, anti-fungal, pain
management and lifestyle-related therapeutic segments. All Matrix
API and FDF manufacturing facilities located in India are approved
by the U.S. Food and Drug Administration. For more information,
please visit http://www.matrixlabsindia.com/. About the Clinton
HIV/AIDS Initiative Since 2002, the Clinton HIV/AIDS Initiative
(CHAI), a project of the William J. Clinton Foundation, has
assisted countries in implementing large-scale, integrated care,
treatment and prevention programs. CHAI works side-by-side with
more than 20 countries in Africa, Asia, Eastern Europe, and Latin
America and the Caribbean to build systems that will deliver
HIV/AIDS treatment and healthcare by providing governments with
technical assistance, leveraging human and financial resources, and
facilitating the sharing of best practices across nationwide
projects. CHAI also brokers agreements to lower prices of essential
medicines and diagnostics, which are now accessible to more than 70
countries, representing more than 90 percent of people living with
HIV/AIDS in the developing world. Learn more at
http://www.clintonfoundation.org/. DATASOURCE: Mylan Inc. CONTACT:
Michael Laffin (Media), +1-724-514-1968; or Dan Crookshank
(Investors), +1-724-514-1813, both of Mylan Inc. Web Site:
http://www.mylan.com/
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