MedicalDevice Licensing.com
Pharmalicensing.com
Latest: Watch here for details of new products and services.
RSS Feeds
Advanced search

Login  Register

About Us
Pharmalicensing - Partnering solutions for the life sciences
 
Our Products
Overview
Partnering Search
Company Profiling
Deal Negotiation
PL Intelligence
Reports
Comparison
 
PL Intelligence
Overview
Industry news
Deals review
Press releases
Articles
 
Case Studies
See what others think about our service
 
Newsletter
Partnering update
Key reports
Subscribe
 
Quick Links
Profile now
Register now
Profiled companies
Featured events
Industry news
PR Newswire
Jobs
 
Contact Pharmalicensing
Send an email
Call us: +44 1904 520460
Request a callback
 
RSS Feeds
Keep up to date

Pharmalicensing
is a division of
UTEK Europe Ltd
UTEK Corporation
PR Newswire

Budget: Obama Retreats on Global AIDS, Says AHF

- As a Senator Last Year, Obama Voted for US$9.6 Billion Annually in Funding for George Bush's Lifesaving Global AIDS Program; Now, President Proposes Only US$6.6 Billion in FY'10 Budget for PEPFAR

- Obama Budget Calls for US$51B for PEPFAR Over Six Years; Congress Voted for US$48B Over Five Years

— WASHINGTON, May 7

WASHINGTON, May 7 /PRNewswire/ -- AIDS Healthcare Foundation (AHF), the largest non-profit HIV/AIDS organization in the US, which currently provides medical care and services to more than 100,000 individuals in 21 countries worldwide in the US, Africa, Latin America/Caribbean and Asia, today chided President Barack Obama for retreating on his commitment to global AIDS. In his Fiscal Year 2010 Budget, released earlier today, the President proposes only US$6.6 billion allocated for the President's Emergency Plan for AIDS Relief (PEPFAR) for 2010 while just last year as a Senator, Obama voted for US$9.6 billion in annual funding for the landmark global AIDS program created by President George W. Bush.

"It is perplexing that as a Senator, Barack Obama voted for US$3 billion more in annual funding for the global fight against AIDS, than he is now -- as leader of the free world -- proposing in his 2010 budget," said AHF President Michael Weinstein. "Under President Bush, the last Congress, including then-Senator Obama, allocated US$48 billion for PEPFAR over the next five years; roughly US$9.6 billion annually. Obama now proposes US$51 billion in global AIDS funding; however, the money is to be spread over six years, dropping the amount to just US$6.6 billion annually. We have previously expressed our concern and disappointment over President Obama's inaction on HIV/AIDS issues throughout his first hundred days in office. It is disheartening to see President Obama retreat from his Senatorial commitment on global AIDS funding."

PEPFAR was the result of President Bush's groundbreaking 2003 State of the Union pledge to bring two million HIV positive Africans and others into treatment and prevent seven million new HIV infections via a five-year, US$15 billion US-funded program. It currently operates in 15 focus countries and claims to support antiretroviral treatment for 1.4 million people worldwide. In 2008, when Congress reauthorized PEPFAR, it increased the number of focus countries and upped the funding to US$48 billion for the next five years.

About AHF

AIDS Healthcare Foundation (AHF) is the nation's largest non-profit HIV/AIDS healthcare provider. AHF currently provides medical care and/or services to more than 100,000 individuals in 21 countries worldwide in the US, Africa, Latin America/Caribbean and Asia. Additional information is available at www.aidshealth.org

Related news

Clients in focus...

Get the Flash Player to see this rotator.

Partnering and licensing intelligence in life sciences industry
BioTrinity
Press releases: Pharmalicensing current industry press releases.

© Copyright 1995-2009 Pharmalicensing, a division of UTEK Europe Ltd UTEK Corporation All rights reserved. Terms and Conditions | Contact us