STAT March 14, 2019
The generic drug industry should cause prices for medications to drop. But lately it has been engaging in price gouging and making it difficult to obtaining some vital medications.
You’ve heard the stories: a 5,000 percent increase by Turing Pharmaceuticals for one tablet of generic pyrimethamine, which is used to treat toxoplasmosis, a rare infection; a 2,800 percent price increase in a single year for digoxin, a commonly prescribed heart medication.
The chief executive of Nostrum Laboratories, a generic pharmaceutical company, even argued there is a “moral requirement … to sell the product at the highest price,” as he defended a 500 percent increase in the price of nitrofurantoin, a generic drug used to treat bladder infections that is on the World Health Organization’s list...