If there was such a thing as a free market.
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- 56 posts total
09-24-15: Onhwy61From what I read, demand for this drug is relative low. So my point is when price is $13.5, there's not enough incentives to create a generic. But at $750, it's possible. |
Here's the skinny on the drug in question and others that have seen price hikes and the people behind them. After reading the article, it makes me feel we've lost our souls along the way. This guy, Martin Shkreli, is a real piece of work. He's made it nearly impossible for generics to be made by tightly controlling distribution. In a better world he'd be in prison. He also lobbied the FDA to not approve drugs whose stock he was shorting as a broker. He acquired another drug and raised the prices so he could pay back some very wealthy but angry investors from the proceeds because of poor hedge fund performance. He's under investigation for that one. The sad part is nothing will happen to him. Nothing. All the best, Nonoise |
- 56 posts total