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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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Current price of oil as of June 23, 2026
HealthHIV

Gates Foundation partners with Indian drugmakers to speed rollout of $40 HIV shot

By
Janice Kew
Janice Kew
,
Ashleigh Furlong
Ashleigh Furlong
, and
Bloomberg
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By
Janice Kew
Janice Kew
,
Ashleigh Furlong
Ashleigh Furlong
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Bloomberg
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September 24, 2025, 8:41 AM ET
Bill Gates
Microsoft Co-Founder Bill Gates speaks during a dinner at the State Dining Room of the White House on September 4, 2025 in Washington, DC. President Donald Trump (L) hosted tech and business leaders for dinner after they joined the first lady Melania Trump’s (2nd L) meeting of the Artificial Intelligence (AI) Education Task Force at the White House this afternoon. Alex Wong/Getty Images
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A twice-yearly injection described as the most promising HIV prevention tool in decades is poised to reach millions more people, with new generic versions priced at about $40 per patient per year. 

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The Gates Foundation and Indian drugmaker Hetero Labs Ltd. are among the groups moving to produce the medication, lenacapavir, which Gilead Sciences Inc. sells in the US for a list price of more than $28,000 annually under the brand name Yeztugo.

Another Indian manufacturer, Dr. Reddy’s Laboratories Ltd., is also stepping in, partnering with Unitaid, the Clinton Health Access Initiative, and Wits RHI to expand supply. Together, these moves will likely accelerate global momentum to make the injection available to millions of people most at risk of HIV.

Despite decades of progress, HIV remains a persistent threat. Antiretroviral therapy has turned the virus into a manageable condition, and daily PrEP pills allow people to protect themselves before exposure, yet 1.3 million new infections occurred last year. Two-thirds of those living with HIV are in Africa, where prevention tools remain scarce.

Lenacapavir’s appeal lies in its durability and discretion: a single injection offers protection for six months, a breakthrough especially for women who often face obstacles in negotiating condom use or daily pill-taking. 

“The ability to protect someone for six months with a single injection, at the same cost as the currently available daily pills, is truly transformational,” Bill Clinton, co-founder of the Clinton Health Access Initiative, said in a statement. These agreements mark “a remarkable breakthrough and a fundamental shift in what’s possible for HIV prevention.”

Turning that promise into reality has faced major hurdles. Lenacapavir’s cost put the injection out of reach even for South African women who took part in its clinical trials. At the same time, sweeping cuts to US foreign aid under President Donald Trump left African health systems scrambling to plug funding gaps.

For many African governments, the challenge is compounded by heavy debt repayments that dwarf their health budgets. Officials are forced to stretch fewer resources further, balancing urgent HIV needs against competing demands for basic services.

About a year ago, Gilead announced it would allow generic manufacturers to begin producing low-cost versions of lenacapavir for 120 resource-limited countries with high HIV burdens. Historically, such arrangements take a decade or more to translate into widespread access, delaying the benefits of innovation for those who need it most.

Advocates say the new agreements with Indian manufacturers could sharply shorten that timeline. Only 18% of people who could benefit from PrEP currently have access, the Gates Foundation noted in a separate statement. 

Gilead aims to complete regulatory submissions for lenacapavir for PrEP in 18 countries by the end of the year, it said in a statement. Lenacapavir supplied by the company is also expected to reach the first low and lower middle-income country in that time frame.

Even a modest rollout could prevent as much as 20% of new HIV infections in high-burden countries. Generic versions are expected to be distributed through national HIV programs and procurement channels such as the Global Fund, raising hopes that the injection’s long-promised impact can finally be realized.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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