Drugs, Vaccinations & Medicine -  Ever-rising drug prices (3134 views) Notify me whenever anyone posts in this discussion.Subscribe
 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/21/15 10:20 AM 
To: All  (1 of 117) 
 41961.1 

Drug price raised 5000% after rights change hands

KRMG - ‎41 minutes ago‎
That means the price of Daraprim shoots from $13.50 per pill to $750.00. The drug combat's toxoplasmosis, a parasite that attacks patients with a compromised immune system. Those with cancer, HIV, and even pregnant women use the drug
 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/21/15 10:21 AM 
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 41961.2 in reply to 41961.1 

Drug company hikes AIDS pill 5000 percent

Palm Beach Post (blog) - ‎13 minutes ago‎
Turing Pharmaceuticals of New York is making the most of its recent purchase of the rights of the AIDS drug Daraprim, raising the price from $13.50 per pill to $750 per pill.
 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/21/15 10:22 AM 
To: All  (3 of 117) 
 41961.3 in reply to 41961.1 

COMMENTARY: Why would Martin Shkreli hike an old drug price by 5000%? Only a ...

FierceBiotech - ‎22 hours ago‎
Back when Martin Shkreli was CEO of Retrophin, he managed to grab a few headlines by buying an old rare disease drug, Thiola, and raising the price 2000%. Now that he's on to his next company, Turing Pharmaceuticals, he's done himself one better
 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/21/15 1:31 PM 
To: All  (4 of 117) 
 41961.4 in reply to 41961.1 

Dramatic overnight increases in old drugs ignite new worries

The Seattle Times - ‎13 hours ago‎
Martin Shkreli, the founder and chief executive of Turing Pharmaceuticals, is a former hedge-fund manager
 

 
From: Jeri (azpaints) Posted by host9/21/15 3:29 PM 
To: Glen (GEAATL) DelphiPlus Member Icon  (5 of 117) 
 41961.5 in reply to 41961.4 

Doxycyclene?   Unbelievable.

<<<Doxycycline, an antibiotic, went from $20 a bottle in October 2013 to $1,849 by April 2014, according to the two lawmakers.>>>

 

 
From: Cindy4Jesus DelphiPlus Member Icon9/22/15 11:53 AM 
To: Glen (GEAATL) DelphiPlus Member Icon  (6 of 117) 
 41961.6 in reply to 41961.1 

Hi Glen,

Why do you think this is happening now?

 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/22/15 12:04 PM 
To: Cindy4Jesus DelphiPlus Member Icon  (7 of 117) 
 41961.7 in reply to 41961.6 


It's actually been happening for years although Congress's refusal to ren in the drug industry (they love their campaign contributions) is letting it get more blatant.  Under US law it is very easy to get long exclusive protection of a drug (meaning no competition), and those rights are valuable.  It is easy to extend it with small tweaks (like how fast the coating dissolves).   Companies buy drug rights from other companies and raise prices, and with little generic competition, very little prevents a drug company from doing this.   In the rest of the world, the same transactions simply aren't allowed.

 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/22/15 10:53 PM 
To: Jeri (azpaints)  (8 of 117) 
 41961.8 in reply to 41961.5 

Turing CEO Martin Shkreli promises to lower price of drug previously hiked ...

Washington Post - ‎3 hours ago‎
Turing Pharmaceuticals CEO Martin Shkreli announced Tuesday night that the company will roll back the price of the drug Daraprim, but did not commit to a specific price.
 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/22/15 10:54 PM 
To: Cindy4Jesus DelphiPlus Member Icon  (9 of 117) 
 41961.9 in reply to 41961.6 

Turing Will Roll Back Massive Drug Price Hike After Backlash

Huffington Post - ‎1 hour ago‎
Earlier in the day, the Pharmaceutical Research and Manufacturers of America, the industry's main lobbying group, sought to distance itself from Turing's move, posting on Twitter that the drugmaker "does not represent the values of PhRMA member ...
 

 
From: Glen (GEAATL) DelphiPlus Member Icon Posted by host9/23/15 6:17 PM 
To: All  (10 of 117) 
 41961.10 in reply to 41961.1 

Martin Shkreli: A new icon of modern greed

Washington Post  - ‎3 hours ago‎
 
BBC News has suggested that Martin Shkreli might be the "most hated man in America." Bloomberg Business opted for the adjective "notorious" when describing Shkreli's business history.
 

 
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