Former President Bill Clinton and other world leaders are announcing that prices for long-acting contraception will be halved for 27 million women in the developing world through a new partnership.
"This is a very big deal, and it will play itself out over and over again in the lives of citizens who will be safe, who will have healthier families and who will live longer lives," Clinton said at the U.N. Wednesday, flanked by the leaders of Norway and Nigeria.
Bayer HealthCare, the maker of the progestogen implants, has agreed to reduce their price by more than half in exchange for a six-year purchasing commitment from a coalition made up of the Norwegian, British, U.S. and Swedish governments, the Clinton Health Access Initiative and The Children's Investment Fund Foundation.
© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.