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.

    Some hospitals say they now have trouble getting the drug. “We’ve not had access to the drug for a few months,” said Dr. Armstrong at Emory, who also works at Grady Memorial Hospital, a huge public treatment center in Atlanta that serves many low-income patients.

    Dr. Aberg of Mount Sinai said some hospitals will now find Daraprim too expensive to keep in stock, possibly resulting in treatment delays. She said that Mount Sinai is continuing to use the drug, but each use now requires a special review.

    “This seems to be all profit driven for somebody,” she said, “and I just think it’s a very dangerous process.”



War:

Pharmceuticals are the new mafia. It is so unbelievable how they corrupt literally everything from the medical profession to the federal government. I see this shit almost everyday at my job (I work for a local Pharmacy). I'm pretty sure there was a medication recently that had a 500% or so increase in price not mentioned in the article. They can charge this much because insurance is gonna pay in the end. It is one of the most unregulated regions of business, and honestly it is among the strongest lobbies currently in the United States. The amount of money they pour into the federal government through PAC's and 501 (c)(4)'s is disgusting.


posted by demure: 1214 days ago