Gates, UK take lead in $7.5 billion pledge for children’s vaccines

Billionaire philanthropist Gates addresses the audience of the GAVI conference in BerlinBERLIN (Reuters) – International donors led by Bill Gates and Britain pledged $7.5 billion on Tuesday for vaccines to immunize 300 million children in poor countries against potentially deadly diseases like diarrhea and pneumonia, Germany's development minister said. At a Global Alliance for Vaccines and Immunisation (GAVI) conference in Berlin, the British government and the Microsoft founder once again topped the donations at about $1.5 billion each. German Development Minister Gerd Mueller said the donors had actually beaten GAVI's target by pledging $7.54 billion. …

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Novartis pharma boss expects pressure on cancer drug prices

Payers are likely to put pressure on drugmakers to lower the cost of cancer medicines, particularly when alternative treatments are available, the head of Novartis’ pharma division said on Tuesday. “I think there will be increased pressure on oncology prices,” David Epstein, head of Novartis’ pharmaceutical division told an analyst call after the company reported fourth-quarter results. Earlier this month it said cost savings on expensive cancer treatments could be achieved if the company were involved earlier in the decision-making process.
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