Price for a contraception device to be halved for the developing world

A very big announcement was made at the United Nations Wednesday, one that could make contraceptives for women in the under-developed world a lot cheaper. Progestogen implants will now be available at half price thanks to an aggreement reached by Bayer HealthCare and a purchasing coalition.

From the Huffington Post, we read more about the announcement.

"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.

This announcement comes in the wake of a family planning summit in July, during which $4.6 billion was dedicated to family planning.