To the Point
When Drug Prices Skyrocket Overnight
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."
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.
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