For Immediate Release

Organization Profile: 

Michael Briggs (202) 224-5141

Senate Hearing on Ending HIV/AIDS Drug Monopolies

WASHINGTON - Sen. Bernie Sanders (I-Vt.), chairman of the Senate Subcommittee on Primary Health and Aging, will hold a hearing Tuesday on the high costs of HIV/AIDS medicines and his legislation proposing a new model that would reward innovation through a prize system, rather than government-granted monopolies.

Sanders’ legislation, S. 1138, would eliminate legal barriers to generic competition for HIV/AIDS drugs and reward innovation directly, through a $3 billion a year prize fund. It would unleash unprecedented advances in medical innovation in decades to come by also requiring that at least 5 percent of the prize money go to any individual, business or nonprofit organization that openly shared information, data, materials or technology that contributed in a positive way to the development of new drugs.

What: Hearing of the Senate Subcommittee on Primary Health and Aging to discuss the cost of HIV/AIDS medicines and a new model for rewarding medical innovation.

When: 10 a.m. Tuesday May 15, 2012

Where: SD-430 Dirksen Senate Office Building

Expert witnesses will include:

Joseph Stiglitz, Columbia University professor and winner of the Nobel Prize in Economics; former chairman of the Council of Economic Advisors and a chief economist for the World Bank; New York, N.Y.

Lawrence Lessig, Harvard Law School professor; founder of Creative Commons and the Stanford Center for Internet and Society; Cambridge, Mass.

James Love, director of Knowledge Ecology International; co-chair of Trans-Atlantic Consumer Dialogue Intellectual Property Policy Committee; Washington, D.C.

Dr. Mohammed Akhter, director of the Washington, D.C. Department of Health; executive director of the American Public Health Association from 1997-2002, Washington, D.C.

Frank Oldham, Jr., president and CEO, National Association of People With AIDS, Washington, D.C.

Suerie Moon,  research director and co-chair of the Forum on Global Governance for Health, Harvard Global Health Institute and Harvard School of Public Health; Cambridge, Mass.


FRIENDS: Now More Than Ever

Independent journalism has become the last firewall against government and corporate lies. Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook. Never before has independent media been more endangered. If you believe in Common Dreams, if you believe in people-powered independent media, please support us now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing. Thank you. -- Craig Brown, Co-founder

Support Common DreamsSupport Common Dreams

United States Senator for Vermont

Share This Article

More in: