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Thread: Big Pharma is using faux generics to keep drug prices high

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    Big Pharma is using faux generics to keep drug prices high

    Hereís an example:
    High-profile examples of authorized generics include Mylanís cheaper form of its EpiPen, a life-saving epinephrine autoinjector that curbs deadly allergic reactions. In 2016, under political and public pressure to lower drug prices, Mylan introduced the authorized generic of EpiPen priced at $300 for a two-pack. Thatís half the price of a two-pack of the brand-name version, which has a list price of around $600. But itís still a staggering hike from EpiPenís original cost of around $50 per injector in 2007. That year, Mylan bought the rights to EpiPen and then raised the price more than 400% in the years that followed. The authorized generic is essentially triple the price of what two injectors used to cost.
    Got that? The original cost was $50 per.
    So, how do they get away with it?
    "Itís a parlor trick," the executive added. "Theyíre bending to political pressure, but are they taking any money out of the system? Theyíre not."
    And, as others have noted, the price is still wildly inflated. A vial of brand-name Humalog has a list price of $55 in Germany, for instance. In 2001óbefore Lilly began hiking the priceóthe list price for a vial of Humalog in the US was $35.
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    How Democrats want to limit drug prices @ https://www.axios.com/how-democrats-...aa9b3426e.html
    Wanna guess how?
    Goverernment controls the drugs.
    Government seizes the patents for the drugs
    Government determines the price of the drugs
    Reference pricing
    Value-based pricing
    Government regulates price increases
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    unless you need tylenol or aspirin or cough medicine .. you are a sitting duck in this country. big insurance is no help anymore when big pharma is so greedy and powerful that EVERYBODY pays .. and pays .. and pays. government sanctioned extortion plain and simple. other countries have found a solution .. why must we be ripped off in this country?
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    Big Pharm had better back off of these practices.

    No doubt that DEMOCRATS would just LOVE to start "dictating" prices to them.

    They don't want to push REPUBLICANS on to that boat.

    I wish the President would start a deep inquiry into these practices. Have the DOJ investigate, and, be prepared to bring about any fraud or corruption charges that may be viable.
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