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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
HealthRefugees

GlaxoSmithKline Cuts Vaccine Cost for Refugees

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Reuters
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Reuters
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September 19, 2016, 10:49 AM ET
GlaxoSmithKline cut vaccine costs for refugees after receiving complaints from medical charity Medecins Sans Frontieres.
Photograph by John Moore—Getty Images

GlaxoSmithKline (GSK) is cutting the price charged for its pneumococcal vaccine when given to refugees, following complaints about the product’s “exorbitant” cost by medical charity Medecins Sans Frontieres.

The British drugmaker said on Monday it would provide Synflorix, which protects children against pneumonia and other diseases, at a discounted price of $3.05 per dose to recognized civil society organizations.

In Greece, MSF said it had been forced to pay 50 pounds ($65) a dose in local pharmacies in order to vaccinate thousands of refugee children fleeing from conflicts in Syria, Iraq, and Afghanistan.

GSK said its offer was made on the basis that others would not seek to reference the special price, which is intended solely to support refugee populations.

 

Previously, the low price of $3.05 price has only been available to the world’s poorest countries.

Pfizer (PFE) also makes a pneumococcal vaccine called Prevnar. The U.S. company had no immediate comment on its pricing plans.

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