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CEO That Raised Drug Price 4,000 Percent Arrested
Big Health Report ^ | December 17, 2015 | The Hill

Posted on 12/17/2015 7:58:56 PM PST by Tolerance Sucks Rocks

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To: Tolerance Sucks Rocks

Cumberland makes Kristalose ( a powder of Lactulose an old cheap liquid laxative made os a sugar) whch Medicare said would cost $12, 224.

Repaglinide jumping fro $$50 copay AARP RX to apx$130.00.

All corporate manipulation IMHO.


41 posted on 12/17/2015 10:10:09 PM PST by amihow (l)
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To: Smokin' Joe

Because the math does not work out in their favor... generics make sense when they are widely used... Daraprim had <10k total prescriptions last year. To turn a profit against the costs to produce a generic legally (given the bureaucracy involved), a company would have to charge nearly as much (of course you could amortize the cost over years, but that has risks as well given the ability of Turing to lower the price). There is little to no profit in generics of limited distribution.


42 posted on 12/17/2015 10:15:26 PM PST by leakinInTheBlueSea
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To: HiTech RedNeck

anyone that raises the prices of drugs like that belong in prison, they are part and parcel of murder of those that die without the medicine..but could have lived at the lower cost..withholding drugs is criminal dues to outrages greedy assholes.


43 posted on 12/17/2015 11:22:21 PM PST by goat granny
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To: leakinInTheBlueSea
There is little to no profit in generics of limited distribution.

True enough. Unless you anticipate the distribution to increase. If the buyer to the rights anticipates an increase in Chagas' Disease and other parasitic diseases in the US, this is just the preliminary to a moneymaker, especially since those are being brought in, including Malaria, with the illegals.

In the instance of Malaria, the groups most likely to be immune are from sub-Saharan Africa.

44 posted on 12/17/2015 11:25:11 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Tolerance Sucks Rocks

I’ve watched a few interviews of this guy. He is the textbook definition of sociopath.


45 posted on 12/18/2015 3:17:47 AM PST by KevinB (Barack Obama: Our first black, gay, Kenyan, Socialist, Muslim president!)
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To: Tolerance Sucks Rocks
Oh, yeah, and I hope he rots.

Some guy commented on another site that he hopes this scumbag's attorneys raise their rates 5,000% the night before his trial begins. LOL.

46 posted on 12/18/2015 3:19:32 AM PST by KevinB (Barack Obama: Our first black, gay, Kenyan, Socialist, Muslim president!)
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To: Tolerance Sucks Rocks

His big mistake was the sudden price increase. Think about the frog in boiling water analogy. /s


47 posted on 12/18/2015 3:25:58 AM PST by Fresh Wind (Falcon 105)
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To: goat granny

It’s just that it is such a strange story. This was an old drug, old enough to be out of patent. Let him be a jerk about it if he must; the scandal would be if new generics for it were not quickly permitted. Let him be left with stock he cannot sell.


48 posted on 12/18/2015 7:16:48 AM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: Smokin' Joe

From what I heard, it’s a dual use drug that was made to treat one thing but also turned out to be good for HIV.


49 posted on 02/04/2016 4:06:53 PM PST by piasa
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To: Sacajaweau

Pr@cks like this are the reason that Bernie is doing as well as he is.


50 posted on 02/04/2016 4:08:30 PM PST by dfwgator
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To: piasa

Want to bet which lobby had the most influence?


51 posted on 02/04/2016 5:40:34 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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