A couple of weeks ago I posted the news about KV Pharmaceutical's price gouging tactics involving a common drug used to prevent premature labor in pregnant women. The FDA, which gave exclusive manufacturing license for the drug Makena to KV, has now reacted to the massive bad press generated by the extortionist ways of the pharmaceutical company. Frank Pasquale has a wrap up on the FDA aided KV fiasco as well as other pertinent issues regarding price fixing, ineffectual cost control and cost shifting in the US health care system.
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April 03, 2011
Comments
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Unfortunately the FDA is so corrupt and the pharmaceutical companies filled with greed that most drugs will always be overpriced and designed to not fix you but only "patch you up temporarily".
Who will regulate the regulator?
Posted by: How To Deal With Jealousy | April 19, 2011 at 05:03 PM