In
2014 Mallinckrodt raised the price of Acthar further to $34,000. The
Federal Trade Commission and attorneys general from five states sued
Mallinckrodt for anti-competitive behavior with regard to the
acquisition of Synacthen Depot and the monopolistic pricing of Acthar,
and in January 2017 the company settled, agreeing to pay $100 million
and to license Synacthen Depot to a competitor. According
to Kaiser Health News, Mallinckrodt responded by increasing its
Congressional lobbying to $610,000, and its contributions to Congress
members to $44,000, in the first quarter of 2017.
As
an off-patent pharmaceutical, a similar drug, differing in formulation,
available in Europe, made by a different manufacturer, sells for $8 per
vial.
So a medication to treat infants costs $8 per vial in Europe and $38,892 in the U.S. Just before his trip to Europe, Trump had made some noises about body-slamming Big Pharma.
Long overdue.
Is it "cruel and unusual" to put the CEO of Mallinckrodt in stocks for a month or so? Because what he has done to parents here is CERTAINLY cruel and unusual.
Seems like a fair trade to me.
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