We all know that the guy who raised the price of the infection-fighting drug Daraprim from $13.50 to $750 a pill is a creep. Now, Congress wants to dig deeper into his sketchy pricing measures. […]
Tag: Pharmaceutical
Ruling That Isolated Genes Cannot Be Patented Could Be A Major Blow To Big Pharma
The High Court of Australia has unanimously ruled that a variation of a gene that has been linked to an increased risk for cancer is not allowed to be patented. The court case was filed […]
FDA Testing Old Drugs To Hurt Consumers And Benefit The Pharmaceutical Industry
A plan by the Food and Drug Administration of the United States (FDA) that encourages longstanding medicines to be medically tested is leading to sharp rises in the prices of drugs. Some of these prices […]
The Sequoia Fund Tanks As Major Drug Company Flops In The Market
Valeant Pharmaceuticals experienced a major decline in the market, causing the Sequoia Fund, which is worth about $7.8 billion, to lose around $1.2 billion in value. The Sequoia Fund is managed by Ruane Cunniff & […]
U.S Pharmaceutical Company Taking Canadian Government To Court For Attempting To Lower The Price Of The World’s Most Expensive Drug
In another example of drug company greed, a U.S. pharmaceutical manufacturer is taking the Canadian government to court for its attempt to lower the price of Soliris which has been labeled the world’s most expensive […]