graphic
graphic  
graphic
News > Companies
graphic
U.S. wants Cipro under $1
graphic October 23, 2001: 7:05 p.m. ET

HHS Secretary demands Bayer provide Cipro to the government for under $1.
graphic
graphic graphic
graphic
graphic
graphic       graphic
  • Canada makes Cipro deal - Oct. 23, 2001
  •  
    graphic
    WASHINGTON (CNN) - The federal government is hoping to buy Cipro, the antibiotic most effective against anthrax, at less than $1 a pill, Health and Human Services Secretary Tommy Thompson said Tuesday.

    The limited supply and high cost of Cipro, Leverkusen, Germany-based Bayer AG's name for its patented version of ciprofloxacin, has led to suggestions that Congress allow other companies to make cheaper, generic versions of the drug.

    Bayer has been charging the government $1.87 a pill.

    "We are going to be under one dollar, I can assure you," Thompson said in a taping of CNN's "Larry King Live," to be broadcast Tuesday night. "I'm a tough negotiator from Wisconsin and they (Bayer) are going to either meet our price, which will be less than one dollar, or else we'll go to Congress and ask for some support to go in and do some other business."

    Thompson noted that Canada, which had announced it would allow companies to make generic versions of Cipro, "just backed off of that position" and "entered into an agreement with Bayer to purchase Cipro from Bayer for $1.30 a pill.  And I want to tell you, I've negotiated with Bayer and we're going to buy it much cheaper than that."

    Bayer, which holds the patent on Cipro through 2003, has promised to triple its production and ship 200 million tablets in the next three months. graphic

      RELATED STORIES

    Canada makes Cipro deal - Oct. 23, 2001





    graphic graphic


    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

    graphic