When Drug Prices Skyrocket Overnight

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Specialists who treat rare diseases are protesting gigantic increases in the prices of old and familiar drugs. The cost of one medicine jumped 5000 percent -- overnight. The headline in today's New York Times is, "Drug Goes From $13.50 To $750 Overnight." The story explains that it's not because of a sudden shortage, but the business strategy of a former hedge-fund manager -- and he's not alone. Times' reporter Andrew Pollack covers the science and business of biotechnology.

Credits

Guest:
Andrew Pollack - New York Times

Host:
Warren Olney

Producers:
Katie Cooper, Evan George, Gideon Brower