Pharma firm hikes life-saving drug price by 5,500%

-

The medical community in USA is outraged by a 5,500 percent price hike for Daraprim®, after a big New York based pharmaceutical company purchased the patent for it. The drug has been on the market for over 60 years, and can be essential to certain AIDS and cancer treatments.

The New York-based Turing Pharmaceuticals raised the price of Daraprim®, from $13.50 to $750 per pill in just over a month after buying the rights for the drug from Impax Laboratories.

The drug is used to treat toxoplasmosis, the second most common food-borne disease that affects patients suffering from AIDS and cancer. It has been produced since 1953 and is on the WHO List of Essential Medicines. But now medical associations are beating their drums about the sudden price hike and potential affordability of Daraprim®, as a treatment.

Please see:
·  http://www.rt.com/usa/316046-pharma-daraprim-price-hike/
·  http://motherboard.vice.com/read/when-drug-startups-make-big-pharma-look-like-the-good-guy

Comments

Post a Comment

Popular posts from this blog

China-India joint summit discusses bilateral trade to improve pharma industry

-
The China-India joint summit held recently discussed bilateral trade to improve Indo- China pharma industry and address issues like long product registration time and high fees for product registration in China’s drug regulatory system, among other issues.  Besides this, other relevant key issues related to transparency in public procurement system in China and clinical trial related approvals were also deliberated at the summit organised under the aegis of Indian Pharmaceutical Association (IPA), Shengjie and SaSPinjara, China between May 16 and May 17, 2019 at Pullman Shanghai South, China. The summit was focused on enhancing export business for both the nations across the globe. Senior health ministry official from Government of Gujarat Punamchand Parmar was invited as the Chief Guest of the summit and Gujarat Food and Drugs Control Administration (FDCA) Commissioner Dr Hemant Koshia was invited as Guest of Honour.  Among other dignitaries, Dr. Anil Kumar Rai, Consulate Ge...
Read more

Webinar on ‘OPPORTUNITY TO COMMERCIALIZE HERBAL RESEARCH’

-
Image
“IDEA TO MARKET” is an idea hunt to commercialize the herbal inventions. It is a platform for researchers to use their innovative ideas in the area of herbal research and get the products commercialized in collaboration with corporate partners.  Hurry up and register for the webinar to know more about this program. The webinar is organized by Bombay College of Pharmacy and Pharma Literati.  Registration Link for webinar on OPPORTUNITY TO COMMERCIALIZE HERBAL RESEARCH: https://docs.google.com/forms/d/e/1FAIpQLSfUhe1LtCOjG50SilFw_iECnzBXu4CW0nK2wIvd8QVVvpDOzQ/viewform
Read more

WhatsApp Group for Pharma Literati

-
We recently announced about the launch of students' career guidance facility. Please see: http://pharmaliterati.blogspot.in/2015/08/pharmacy-students-guidance-facility.html We are please to announce the creation of WhatsApp group for Pharma Literati with following features: 1. The blog posts would be instantly shared with the group. 2. Group specific activities like job opportunities and exclusive events. 3. One of its kind of activities to get in touch with the industry, academia, students and discuss the pharmacy related topics. Request our readers to send an email to pharmaliterati@gmail.com or send an SMS/ WhatsApp message to 09769059971 to get added in this group. Team Pharma Literati 
Read more