December 25, 2004

Pharma Santas

Last year nine major pharmaceutical companies donated $2.135 billion in products and services to combat HIV/AIDS and other diseases, more than the total budgets of either the World Health Organization or the USAID Global Health Service, and approximately five times the amount spent by the European Commission. So why are the drug companies still vilified as "bloodsuckers" by certain elements of the left?

I give up. Maybe because they sometimes manage to make a profit despite these donations? Deroy Murdock crunches some more numbers.

Posted by dan at December 25, 2004 11:18 PM