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Author: Subject: From $40 a vial in 2000 to nearly $39,000 today
Morgan
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[*] posted on 30-4-2019 at 11:09
From $40 a vial in 2000 to nearly $39,000 today


"The effort, the whistleblowers said in a lawsuit against the company, was part of an intentional "multi-tiered strategy" by Questcor Pharmaceuticals, now Mallinckrodt, to boost sales of H.P. Acthar Gel, cheating the government out of millions of dollars."
https://www.cnn.com/2019/04/30/health/mallinckrodt-whistlebl...

Mallinckrodt's Pledge on Drug Pricing and Innovation
"We pledge to create the best possible healthcare at the lowest possible cost for the greatest number of people."
https://www.mallinckrodt.com

[Edited on 30-4-2019 by Morgan]
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Morgan
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[*] posted on 30-4-2019 at 11:20


Quote: Originally posted by fusso  
CNN? Great. Dismissed.:P


Mallinckrodt down 13% on alleged bribes to drive Acthar sales
https://seekingalpha.com/news/3456222-mallinckrodt-13-percen...
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Morgan
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[*] posted on 30-4-2019 at 11:40


(Reuters) - "The U.S. Justice Department has joined a pair of whistleblower lawsuits alleging a drugmaker now owned by Mallinckrodt Plc improperly promoted an expensive multiple sclerosis treatment and paid kickbacks to doctors who prescribed the drug."
"Mallinckrodt in January 2017 agreed to pay $100 million to resolve claims that Questcor violated antitrust laws by sharply increasing the price of Acthar while ensuring that no rival medicine appeared on the market."
https://finance.yahoo.com/news/mallinckrodt-shares-drop-u-jo...
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Ubya
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[*] posted on 30-4-2019 at 13:51


How can they think anyone can afford to pay 39k for a vial?
Just stop selling it would be easier





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Morgan
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[*] posted on 30-4-2019 at 17:36


Quote: Originally posted by Ubya  
How can they think anyone can afford to pay 39k for a vial?
Just stop selling it would be easier


Looks like Mallinckrodt is kind of down on the list, not even the top spot. Pretty smooth though to increase the price of an an inexpensive drug to such heights. Imagine them sitting around pondering raising the price even more.
https://www.goodrx.com/blog/20-most-expensive-drugs-in-the-u...
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Mr. Rogers
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[*] posted on 30-4-2019 at 20:09


If I was president, I would immediately seize and nationalize the companies that pull these stunts. We give these companies very wide latitudes in the marketplace and in exchange they need to behave themselves.

[Edited on 1-5-2019 by Mr. Rogers]
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Texium (zts16)
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1-5-2019 at 07:14
Herr Haber
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[*] posted on 2-5-2019 at 06:25


Another case of Martin Shkreli ?
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RedDwarf
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[*] posted on 2-5-2019 at 06:49


Quote: Originally posted by Herr Haber  
Another case of Martin Shkreli ?


Seems like it, although in this case the collusion of dodgy physicians seems to have been a significant factor as well - I'm happy to see the pharma firms taken to the cleaners for behaviour like this but I bet none of the doctors involved suffer anything more than a slapped wrist at most.
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