Company Hikes Price 5,000% For Life-Saving Cancer and AIDS Drug

[KamaAina]

http://usuncut.com/news/company-hikes-price-5000-for-life-saving-cancer-and-aids-drug/

There is a saying in the medical field that real profit is found in treatment as opposed to the cure. Never has that been proven truer than with the recent price surge in Daraprim, a drug used to fight a common parasite that is found in more than 60 million Americans and can be deadly to pregnant women as well as both cancer and AIDS patients....

The drug, which was recently selling for $13.50 per pill, now has a new price tag of $750!

It hasn’t been reinvented, or improved in any discernible way. The only change has been to who owns the rights to the drug. Impax, a medium-sized pharmaceutical company sold the rights to the drug to Turing Pharmaceuticals, a much larger company who decided a price increase was necessary.

“This is a tremendous increase,” said Judith Aberg, a spokesperson for the HIV Medicine Association. “Even patients with insurance could have trouble affording the medication,” she said. A monthly course of Daraprim will now cost consumers $75,000. And even with insurance, patients would have to lay out an enormous co-pay to keep the Toxoplasma parasite from killing them.

[Electric Monk]

1. CatWoman beat you to it

http://www.democraticunderground.com/10027188016

[smirkymonkey]

2. Absolutely sickening. There really should be laws against this.