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In reply to the discussion: Sanders tweet causes drug company to lose $400M in a day [View all]Gary 50
(382 posts)Ariad has one approved drug, Iclusig. It's a cancer drug with a very small target patient population. It is the second or third line of defense when other drugs fail. The company is losing money. The cost of developing new drugs is unbelievably expensive. Ariad was a bad example for price gouging even though 200,000 sounds outrageous. I also own Valeant pharmaceuticals. They bought a drug from another company and raised the price from 995 to 27,000 for treatment. He should have named Valeant. HIs point that the top drug companies make billions and pay their chief executives tens of millions a year is valid. His example of Ariad as a bad actor is wrong. Did I mention that I still love Bernie? Eleven thousand dollars is a crushing loss for me. Feeling the burn from Bernie.