Lifesaving Drug Goes From $13.50 A Pill To $750 A ... - Page 6

Himi lover · ‎03-10-2010

I may be incorrect, I used to work for a large pharma firm, but if the drug is being approved for a new indication, it may be considered a new drug, therefore, can be sold at the Brand price, not the generic price. Now I may be entirely wrong in what I just stated, just something I'm remembering from my working experience in drug firms.

I think the government should step in and stop this huge pricing of drugs, it's disgraceful. But big pharma says research and development costs are huge therefore the outrageous prices of drugs. I feel especially sad for the elderly.

NoelSeven · ‎03-09-2010

@MyGirlsMom wrote:
Latest development:

http://www.nytimes.com/2015/09/22/business/big-price-increase-for-tb-drug-is-rescinded.html?smid=tw-...

A huge overnight price increase for an important tuberculosis drug has been rescinded after the company that acquired the drug gave it back to its previous owner under pressure

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Very informative article, thank you, MGM!

A Thrill Of Hope The Weary World Rejoices

Say Nay · ‎03-12-2010

@MyGirlsMom wrote:
Latest development:

http://www.nytimes.com/2015/09/22/business/big-price-increase-for-tb-drug-is-rescinded.html?smid=tw-...

A huge overnight price increase for an important tuberculosis drug has been rescinded after the company that acquired the drug gave it back to its previous owner under pressure

GOOD! I HOPE MR HEDGE FUND SCUM LEARNED A LESSON HERE.

Sorry for shouting.

_____ ,,,^ ._. ^,,,_____

MyGirlsMom · ‎03-09-2010

@Himi lover wrote:
I may be incorrect, I used to work for a large pharma firm, but if the drug is being approved for a new indication, it may be considered a new drug, therefore, can be sold at the Brand price, not the generic price. Now I may be entirely wrong in what I just stated, just something I'm remembering from my working experience in drug firms.

I think the government should step in and stop this huge pricing of drugs, it's disgraceful. But big pharma says research and development costs are huge therefore the outrageous prices of drugs. I feel especially sad for the elderly.

***

A huge overnight price increase for an important tuberculosis drug has been rescinded after the company that acquired the drug gave it back to its previous owner under pressure. - NYT

Keep Your Face To The Sunshine and You Will Not See The Shadow

NoelSeven · ‎03-09-2010

@Himi lover wrote:
I may be incorrect, I used to work for a large pharma firm, but if the drug is being approved for a new indication, it may be considered a new drug, therefore, can be sold at the Brand price, not the generic price. Now I may be entirely wrong in what I just stated, just something I'm remembering from my working experience in drug firms.

I think the government should step in and stop this huge pricing of drugs, it's disgraceful. But big pharma says research and development costs are huge therefore the outrageous prices of drugs. I feel especially sad for the elderly.

*******************************

What you've described has been a common practice in the past, used to delay other companies from copying a drug. Somebody needs to do something to stop these tricks designed to fleece patients.

A Thrill Of Hope The Weary World Rejoices

Himi lover · ‎03-10-2010

@NoelSeven wrote:
@Himi lover wrote:
I may be incorrect, I used to work for a large pharma firm, but if the drug is being approved for a new indication, it may be considered a new drug, therefore, can be sold at the Brand price, not the generic price. Now I may be entirely wrong in what I just stated, just something I'm remembering from my working experience in drug firms.

I think the government should step in and stop this huge pricing of drugs, it's disgraceful. But big pharma says research and development costs are huge therefore the outrageous prices of drugs. I feel especially sad for the elderly.
*******************************

What you've described has been a common practice in the past, used to delay other companies from copying a drug. Somebody needs to do something to stop these tricks designed to fleece patients.

Yes Noel, you said it better than I did. That's what I meant.

NoelSeven · ‎03-09-2010

@Himi lover wrote:
@NoelSeven wrote:
@Himi lover wrote:
I may be incorrect, I used to work for a large pharma firm, but if the drug is being approved for a new indication, it may be considered a new drug, therefore, can be sold at the Brand price, not the generic price. Now I may be entirely wrong in what I just stated, just something I'm remembering from my working experience in drug firms.

I think the government should step in and stop this huge pricing of drugs, it's disgraceful. But big pharma says research and development costs are huge therefore the outrageous prices of drugs. I feel especially sad for the elderly.
*******************************

What you've described has been a common practice in the past, used to delay other companies from copying a drug. Somebody needs to do something to stop these tricks designed to fleece patients.

Yes Noel, you said it better than I did. That's what I meant.

************************************

You brought up a really important factor, Himi, thank you

A Thrill Of Hope The Weary World Rejoices

Puzzle Piece · ‎06-29-2010

Interesting take son this thread. Hmmmmm. So MANY folks have offspring that chased after educational degrees that someone someplace has to employ them. They require nice salaries and benefits. That has to be generated somewhere. Also those that invest in the stock of the drug companies want heavy dividends. Not to mention the brokers who went to school in business to ask for a nice cut of the money to support their lives and whims. Lots of folks have their hands in the pot. If we are to offer our citizens what they consider decent jobs and salaries we must remember, the money has to come from somewhere. YOU.

Never Forget the Native American Indian Holocaust

shoekitty · ‎03-10-2010

@NoelSeven

You would think this would fall under gauging. Is there any legislation initiated to stop this? Why is it legal if people's life depends on a medication? It seems like this is a scam that could soon get way out of hand. It just makes me really sad to see so many businesses in this country be lost or sold to uncontrollable sources.

“sometimes you have to bite your upper lip and put sunglasses on”….Bob Dylan