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The research and development costs of Daranide, a drug approved in 1958 to treat periodic paralysis, have long been paid for but pharmaceutical companies pushed the price up from $50/bottle to $15,001/bottle We all pay. #bluewave2018 #CA48 https://www.washingtonpost.com/news/wonk/wp/2017/12/18/this-old-drug-was-free-now-its-109500-a-year/?utm_term=.56e362089411&wpisrc=nl_daily202&wpmm=1 …
Henry S. Friedman, a professor of neurosurgery at Duke University School of Medicine, accused NextSource of "price-gouging" "People are not going to be able to afford it, or they're going to pay a lot of money and have financial liability." https://www.google.com/amp/s/www.cbsnews.com/amp/news/cancer-drug-lomustine-price-hiked-1400-percent-by-new-owners/ … #CA48pic.twitter.com/M3P4vUpVak
That’s disgusting. Greed is ugly.
Stonebridge is using the increased revenue to fund new drug developments.
In the electronics business prices come down as a function of time due to competition. This is a protected industry with a powerful lobby.
Deplorable. Funny how that word keeps applying these days.
Tetracycline, Lasix are extremely inexpensive to make, long out of recoup protections, made billions for many & markup is cost x several thousands. No reason for generics to cost anywhere near what is being charged.
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