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Mon Dec 31, 2012, 03:03 AM

 

Why are pharmacorps raising the price of old standard drugs sky-high?

One of the answers is here:

http://www.democraticunderground.com/10022101705#post8


August 9, 2012

Soaring Ointment Prices Are a Dermatologic Mystery
By KATIE THOMAS

Generic creams routinely prescribed by doctors have been undergoing rapid price increases, an example of the murky and often illogical world of drug pricing....

http://www.nytimes.com/2012/08/10/business/prescription-skin-creams-jump-in-price.html


December 29, 2012

Questcor Finds Profits, at $28,000 a Vial
By ANDREW POLLACK

THE doctor was dumbfounded: a drug that used to cost $50 was now selling for $28,000 for a 5-milliter vial.

The physician, Dr. Ladislas Lazaro IV, remembered occasionally prescribing this anti-inflammatory, named H.P. Acthar Gel, for gout back in the early 1990s. Then the drug seemed to fade from view. Dr. Lazaro had all but forgotten about it, until a sales representative from a company called Questcor Pharmaceuticals appeared at his office and suggested that he try it for various rheumatologic conditions...

http://www.nytimes.com/2012/12/30/business/questcor-finds-profit-for-acthar-drug-at-28000-a-vial.html


February 15, 2006

A Cancer Drug Shows Promise, at a Price That Many Can't Pay
By ALEX BERENSON

Doctors are excited about the prospect of Avastin, a drug already widely used for colon cancer, as a crucial new treatment for breast and lung cancer, too. But doctors are cringing at the price the maker, Genentech, plans to charge for it: about $100,000 a year.

That price, about double the current level as a colon cancer treatment, would raise Avastin to an annual cost typically found only for medicines used to treat rare diseases that affect small numbers of patients...

http://www.nytimes.com/2006/02/15/business/15drug.html


The Price of Gout Drug, Colchicine, Goes Up
Learn why sticker shock may soon be a side effect of taking this centuries-old medication.


By Andy Miller

4/20/10 For the past few years, Peggy Lewis has paid $10 or less for a 90-day supply of her gout drug, colchicine. But Lewis, 71, fears she will soon be forced to pay hundreds of dollars more for that medication.

Lewis, of Fairfield, Ohio, has taken colchicine for about 20 years to prevent attacks of gout, a form of arthritis that causes flares of sudden pain, stiffness and swelling in joints.

But sometime this year, Lewis will have to replace her current version with a brand-name colchicine medication, Colcrys, which, she was told, could cost up to $550 for a 3-month supply...

http://www.arthritistoday.org/news/colchicine-gout-drug-price053.php


FDA Orders Manufacturers to Stop Making Colchicine
Inexpensive supplies of gout drug colchicine may soon disappear from store shelves.


By Brenda Goodman

10/1/10 Companies that make unapproved versions of the drug colchicine, which is used to treat and prevent gout and familial Mediterranean fever, have been ordered by the U.S. Food and Drug Administration, or FDA, to discontinue manufacturing these pills within 45 days and to stop shipping them within 90 days.

The action means that within a few months, as pharmacies run through their supplies, the only kind of colchicine likely to be available to consumers will be a brand name version approved in 2009 called Colcrys.

So-called unapproved medications like colchicine are drugs that have been used by doctors since before the FDA began reviewing and approving new therapies in the 1960s, and they include medical mainstays like the painkiller morphine...

The FDA contends that these drugs may put patients at risk because they’ve never been reviewed for safety. Since 2006, regulators have been pushing companies that make and sell these older medications to put them through the rigorous approval process, which includes studying medications in clinical trials. In return, the manufacturers are promised market exclusivity...

http://www.arthritistoday.org/news/colchicine-gout-drug-discontinued086.php


March 12, 2006

A Cancer Drug's Big Price Rise Disturbs Doctors and Patients
By ALEX BERENSON

On Feb. 3, Joyce Elkins filled a prescription for a two-week supply of nitrogen mustard, a decades-old cancer drug used to treat a rare form of lymphoma. The cost was $77.50.

On Feb. 17, Ms. Elkins, a 64-year-old retiree who lives in Georgetown, Tex., returned to her pharmacy for a refill. This time, following a huge increase in the wholesale price of the drug, the cost was $548.01...

The medicine, also known as Mustargen, was developed more than 60 years ago and is among the oldest chemotherapy drugs. For decades, it has been blended into an ointment by pharmacists and used as a topical treatment for a cancer called cutaneous T-cell lymphoma, a form of cancer that mainly affects the skin.

Last August, Merck, which makes Mustargen, sold the rights to manufacture and market it and Cosmegen, another cancer drug, to Ovation Pharmaceuticals, a six-year-old company in Deerfield, Ill., that buys slow-selling medicines from big pharmaceutical companies...

http://www.nytimes.com/2006/03/12/business/12price.html





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Arrow 19 replies Author Time Post
Reply Why are pharmacorps raising the price of old standard drugs sky-high? (Original post)
HiPointDem Dec 2012 OP
Fumesucker Dec 2012 #1
MrSlayer Dec 2012 #2
Initech Dec 2012 #16
green for victory Dec 2012 #3
jmowreader Dec 2012 #4
Comrade Grumpy Dec 2012 #5
area51 Jan 2013 #19
dimbear Dec 2012 #6
HiPointDem Dec 2012 #8
libmom74 Dec 2012 #9
HiPointDem Dec 2012 #10
Skittles Dec 2012 #7
Ford_Prefect Dec 2012 #11
TahitiNut Dec 2012 #12
HiPointDem Dec 2012 #13
Initech Dec 2012 #14
Cleita Dec 2012 #15
HiPointDem Jan 2013 #17
AZ Progressive Jan 2013 #18

Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:04 AM

1. Because they can?



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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:19 AM

2. Greed. It's all about the greed.

 

That's all anything is about it seems.

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Response to MrSlayer (Reply #2)

Mon Dec 31, 2012, 05:01 PM

16. Or as I've started to call it: "wealth addiction".

It's just like any other addiction - and people who are addicted to money really aren't that different from any other addict. They exhibit all the same signs.

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:23 AM

3. if these are not criminal acts

 

then what is?

growing a plant?
Pending Cases in California and Elsewhere

This Doctor, David Healy, might be on to something:



David Healy, Pharmageddon
Has American health care been highjacked by Big Pharma?
http://www.amazon.com/Pharmageddon-David-Healy/dp/0520270983/ref=sr_1_1?ie=UTF8

This searing indictment, David Healy's most comprehensive and forceful argument against the pharmaceuticalization of medicine, tackles problems in health care that are leading to a growing number of deaths and disabilities. Healy, who was the first to draw attention to the now well-publicized suicide-inducing side effects of many anti-depressants, attributes our current state of affairs to three key factors: product rather than process patents on drugs, the classification of certain drugs as prescription-only, and industry-controlled drug trials. These developments have tied the survival of pharmaceutical companies to the development of blockbuster drugs, so that they must overhype benefits and deny real hazards. Healy further explains why these trends have basically ended the possibility of universal health care in the United States and elsewhere around the world. He concludes with suggestions for reform of our currently corrupted evidence-based medical system.

Check out the reviews. David Healy is probably the leading world expert on SSRI drugs.

Free podcast-interview with Dr. Healy- Jefferson Exchange- October 2, 2012 Phamargeddon
http://directory.libsyn.com/episode/index/show/jpr/id/2084251

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:26 AM

4. As to the last one, I can see one HUGE reason why the price went up that much

Nitrogen mustard is a chemical warfare agent - a blister agent, and a form of mustard gas. To store it in any real quantity, you have to become a chemical weapons manufacturing facility. I wonder if Ovation knew what it was getting into when it bought this drug.

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:28 AM

5. Nationalize those motherfuckers.

That's the nicest thing I can think of for lowlifes seeking to profit of the illness of others.

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Response to Comrade Grumpy (Reply #5)

Tue Jan 1, 2013, 04:29 AM

19. +1 n/t

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:29 AM

6. They can pull this crap because they own so many politicians.

Have for a long time.

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Response to dimbear (Reply #6)

Mon Dec 31, 2012, 03:38 AM

8. You win the prize. In the case of the drugs that have been around since before the FDA &

 

its earlier iterations was; the Bush FDA suddenly *required* clinical trials for these drugs, a policy that the Obama Admin continued -- in exchange for an exclusivity agreement that gave exclusive rights to sell the (newly branded) drug to the one firm that did the trials. Other versions by other makers were banned. Only the newly branded version could be sold.

The deal didn't make sense from a safety standpoint (since the drugs have been around forever, they're effective & the side effects are well-known & generally less serious than modern drugs for the same conditions.)

It's just pure corruption.

Also saw a list of people complaining about the new branded version of colchicine, a gout medicine that was used as a herbal extract by ben franklin & in a purified 'medical' form since the 1800s.

The posters were complaining that not only was the new branded version about 500% more expensive than the generics they used to use -- it didn't work -- or didn't work as well as the older formulation.

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Response to HiPointDem (Reply #8)

Mon Dec 31, 2012, 05:10 AM

9. That's one reason

the other that I heard years ago from the hospital where I work is that pharma companies will create a shortage and then can jack the prices up.

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Response to libmom74 (Reply #9)

Mon Dec 31, 2012, 05:13 AM

10. It's the same reason. By forcing producers of these old-time generics to do clinical trials &

 

giving an exclusivity right to one producer, FDA is forcing existing & potential producers/competitors out of the market and creating monopolies. Unregulated, so far as can be seen, as least so far as price-gouging goes.

It's a government enabled license to steal. Pharma & government hand in glove.

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 03:35 AM

7. exactly who is going to stop them?

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Response to Skittles (Reply #7)

Mon Dec 31, 2012, 05:41 AM

11. A scary thought indeed given the present corporate ownership of Congress and the White House.

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 05:48 AM

12. Necrocapitalists ... profiting from the suffering and death of human beings.

Tell me how "over-regulated" these companies are again?


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Response to TahitiNut (Reply #12)

Mon Dec 31, 2012, 01:41 PM

13. +1

 

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 02:01 PM

14. Profit, greed, profit, greed, profit, greed, profit, greed, you get the idea.

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Response to HiPointDem (Original post)

Mon Dec 31, 2012, 02:02 PM

15. Because they can. Good ole laissez faire capitalism at work. eom

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Response to Cleita (Reply #15)

Tue Jan 1, 2013, 03:14 AM

17. +1.

 

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Response to HiPointDem (Original post)

Tue Jan 1, 2013, 04:17 AM

18. Ill say it plainly. The Drug Company makes many Americans into slaves

Slaves that must pay whatever they are demanding otherwise they will suffer or even die. The Pharmaceutical Industry are modern slavemasters.

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