Examples of enormous price raises of old drugs

Summary:

Written by: Andrew Pollack, journalist.

A more recent Pharma business strategies is to buy old neglected drugs and turning them into high-priced “specialty drugs.”

The high-prices of speciality drugs are often argued as necessary to keep the drugs on the marked, because of a small patient basis and high regulatory expenses.

The rare use of speciality drugs and following the low overall impact on health care budgets, along with the prospect of a huge profit margin for reinvestment in R&D (of more common diseases) is used as justification why the price raises are in fact a favour to society.

Examples:

Daraprim (Turing): Raised to $750 a tablet from $13.50 a tablet.

Cycloserine (Rodelis): Raised to $10,800 for 30 tablets from $500 for 30 tablets.

Isuprel and Nitropress (Valeant): Raised by 525 percent and 212 percent respectively.

Doxycycline (Mylan): Raised to $1,849 a bottle from $20 a bottle.

 

Source: Andrew Pollack sep. 20, 2015, New York Times.

Link: http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html

 

 

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