{"id":60837,"date":"2015-10-23T08:00:39","date_gmt":"2015-10-23T12:00:39","guid":{"rendered":"http:\/\/1boringoldman.com\/?p=60837"},"modified":"2015-10-22T18:24:58","modified_gmt":"2015-10-22T22:24:58","slug":"naked-capitalism","status":"publish","type":"post","link":"https:\/\/1boringoldman.com\/index.php\/2015\/10\/23\/naked-capitalism\/","title":{"rendered":"naked capitalism…"},"content":{"rendered":"
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Martin Shkreli may get competition for his pricey drug, after all<\/a><\/div>\n
Pharmalot<\/font><\/strong><\/div>\n
by Ed Silverman<\/div>\n
October 22, 2015<\/div>\n

Thanks to a compounding pharmacy, Martin Shkreli’s company may no longer have a lock on the market for its pricey anti-infective drug Daraprim. A little-known company called Imprimis Pharmaceuticals announced plans to make a combination medicine that includes pyrimethamine, the same active ingredient found in Daraprim. And Imprimis intends to charge<\/a> just $99 for a bottle of 100 capsules, or about $1 each. Daraprim costs $750 per tablet.<\/p>\n

Shkreli’s Turing Pharmaceuticals, as you know, caused a recent firestorm by boosting the price of Daraprim from $13.55 less than a month after buying the decades-old, life-saving medicine from another drug maker this summer. The price hike amounted to a whopping 5,433 percent increase.<\/p>\n

Turing sparked still more outrage by restricting distribution<\/a> in order to thwart generic drug makers from obtaining samples needed to develop cheaper versions. This prompted the New York Attorney General<\/a> to launch an anti-trust probe last week. And US Senator Amy Klobuchar<\/a>, a Minnesota Democrat and Presidential hopeful Hillary Clinton asked the Federal Trade Commission to do the same.<\/p>\n

“We’re going to take care of this patient population and at a fair price and make a great profit,” Imprimis chief executive officer Mark Baum told us. “We think physicians will write prescriptions for the compounded version. And we think insurers will support this”…<\/div>\n<\/blockquote>\n
Three cheers for the law of supply and demand! Working in a Charity Clinic, I’ve become sensitized to the costs of medication. Recently, the price for generics has taken an big upturn, pushing some previously affordable generics out of reach for the patients I see. Our volunteer pharmacy has been adding some of them to our formulary because we can buy them at a fraction of the drug store price. But since we don’t charge for medicine, it’s not a long term solution. I suspect that this is simply price gouging, and hope that the law of supply and demand will kick in with the generics in general. I didn’t go to medical school to keep up with drug prices at various local drug stores, but that’s what it has come down to these days…<\/div>\n","protected":false},"excerpt":{"rendered":"

Martin Shkreli may get competition for his pricey drug, after all Pharmalot by Ed Silverman October 22, 2015 Thanks to a compounding pharmacy, Martin Shkreli’s company may no longer have a lock on the market for its pricey anti-infective drug Daraprim. A little-known company called Imprimis Pharmaceuticals announced plans to make a combination medicine that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-60837","post","type-post","status-publish","format-standard","hentry","category-opinion"],"_links":{"self":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/60837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/comments?post=60837"}],"version-history":[{"count":5,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/60837\/revisions"}],"predecessor-version":[{"id":60840,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/posts\/60837\/revisions\/60840"}],"wp:attachment":[{"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/media?parent=60837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/categories?post=60837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1boringoldman.com\/index.php\/wp-json\/wp\/v2\/tags?post=60837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}