Drug companies announce price cuts for poor countries

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A number of drug companies have announced substantial price cuts for life saving vaccines paid by people in developing countries.

One company, GlaxoSmithKline, is offering discounts of up to 95%.

The list of vaccines include ones that protect against a diarrhoea related disease that kills more than half a million children every year.

Andrew Witty is the chief executive of GlaxoSmithKline and he explained why the company has decided to do this.

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