#1 Trump says pharma ‘getting away with murder’ by algernonpj 11.01.2017 17:21

avatar

Trump says pharma ‘getting away with murder’
by AFP11 Jan 2017

New York (AFP) – President-elect Donald Trump on Wednesday attacked the pharmaceutical industry for high drug prices and for manufacturing overseas, saying he will create new procedures for bidding on drugs.

The industry is “getting away with murder,” Trump said in his first press conference since he was elected, sending pharma stocks plunging.

“Pharma. Pharma has a lot of lobbies, a lot of lobbyists, a lot of power,” he said, making the industry the latest target of his frequent attacks on business since the November election which have included the auto and aerospace industries.

Trump said pharmaceutical companies will be coming back to the United States from overseas.

“Our drug industry has been disastrous. They’re leaving left and right. They supply our drugs but they don’t make them here, to a large extent,” Trump said.

To address high prices, “the other thing we have to do is create new bidding procedures for the drug industry,” he said.

The United States is “the largest buyer of drugs in the world” but does not bid properly, he said. With the changes to bidding procedures, which he did not specify, “We’re going to save billions of dollars.”

..........................................................

http://www.breitbart.com/news/trump-says...ay-with-murder/

#2 RE: Trump says pharma ‘getting away with murder’ by algernonpj 11.01.2017 17:28

avatar

Here's but one example

Lock Them ALL Up*
2016-08-23 17:08 by Karl Denninger

How many times will you hear crap coming out of your Tee Vee and various reps and senators before you drop everything you're doing, get off your ass, show up in DC and refuse to leave until everyone involved in this garbage goes to prison?

Zitat
The EpiPen isn’t new; it has been in use since 1977. Research and development costs were recouped long ago. Nine years ago, it was bought by the pharmaceutical company Mylan, which then began to sell the device. When Mylan bought it, EpiPens cost about $57 each.

Few competitors existed, and for various reasons, that has remained the case. The device actually worked and saved lives. People needed it. Mylan raised the price. It also began to raise awareness.



]Raise the price" is sure a decent description... if you consider a 500% increase a "raise"...

Why?

No competition.

Or is there?

Yes, there is. You can buy these over the counter virtually anywhere in Europe for about $20 each. You can buy insulin over the counter in France for about the same price for a month's worth of supply.

And yet if you bring just one of either back over said border with you then you are breaking the law. Bring a whole suitcase back and you're going to prison

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

https://market-ticker.org/akcs-www?post=231480

Xobor Create your own Forum with Xobor