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08-31-2016 05:43 PM
@Tinkrbl44 wrote:I've been thinking about what's the fastest way to stop the price gouging ...... and think new guidelines and VERY steep fines are the way to go. Make it public .... and people will definitely report those companies that violate the guidelines.
Can someone else think of another way that would be even faster?
@Tinkrbl44- you are correct. The reason why the company produced an alternate is because of public outcry and a PR nightmare. However, the alternative is still too high for a 20c vial and device tho, improved, is old technology.
09-01-2016 07:51 AM
@Winkk wrote:The same company making the original is making a generic? Then why would anyone want to buy the original? Am I missing something?
I think there are a lot of EpiPen type of drugs out there where the cost has skyrocketed but no one has really paid attention. EpiPen is changing only because it got caught.
I did not read through all the posts so if this has already been stated, I apologize.
IMO, this was a well designed PR move. Hike the price to the stratosphere, get lots of backlash, which I am sure they knew they would get, and then miraculously come out with a "cheaper" version so that customers fell somewhat relieved and vindicated by making noise and forcing a generic version. The company had to have already known they could and would make this generic. If Mylan holds a patent on the Epi-Pen, no other company can make the generic until that expires. So the very same company made the generic.
Meanwhile could this be considered manipulating stock prices?
Thse companies are crooked as all get out.
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