Drug Goes From $13.50 a Tablet to $750, Overnight
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Source: New York Times
Specialists in infectious disease are protesting a gigantic overnight increase in the price of a 62-year-old drug that is the standard of care for treating a life-threatening parasitic infection.
The drug, called Daraprim, was acquired in August by Turing Pharmaceuticals, a start-up run by a former hedge fund manager. Turing immediately raised the price to $750 a tablet from $13.50, bringing the annual cost of treatment for some patients to hundreds of thousands of dollars.
What is it that they are doing differently that has led to this dramatic increase? said Dr. Judith Aberg, the chief of the division of infectious diseases at the Icahn School of Medicine at Mount Sinai. She said the price increase could force hospitals to use alternative therapies that may not have the same efficacy.
Read more: http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html?partner=msft_msn&_r=1
Wow. I had no idea this is happening. Then again it isn't surprising. It is mostly nich medicines which end up below the radar. Not exactly sure how the CEO of Turing Pharmaceuticals sleeps at night
And because of this greed - this incredible greed - the necessity exists for a new treatment. I pray that one is found quickly so this greedy S.O.B. can go right out of business.
"There also have been misleading reports about Daraprims cost. The pricing that has been reported is based on 52 weeks of treatment, a duration that is highly unlikely to occur. The median administration for Daraprim therapy is six and 12 weeks, respectively, for toxoplasmosis associated with the acute and suppressive phases for HIV, immune-compromised and other non-retinitis or non-congenital toxoplasmosis patients only. This represents the vast majority of all toxoplasmosis cases."
Other articles reporting an estimated total treatment cost may (I have no idea) be incorrect but this article reports the per pill cost. So regardless of it is 14 pills or 365 pills they have raised their price from $13.50 a pill to $750 a pill. Right?
'Merica! Fuck yeah!
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