Tag Archives: drug

Mallinckrodt paid ‘kickbacks’ to keep drug price high, and stuck taxpayers with bill, DOJ lawsuit says

In its complaint, the government demanded a jury trial that would put front and center the actions of the company at the heart of a 97,000% drug price hike. The price of Mallinckrodt’s anti-inflammatory drug Acthar — best known for treating babies with a debilitating seizure disorder — has gone from $ 40 a vial… Read More »

Are generic drug price hikes media hype?

In recent years, it feels like we’ve been inundated by stories of greedy pharmaceutical companies jacking up the price of important generic medications. In 2015, “Pharma Bro” Martin Shkreli, recognized that no other generic companies were manufacturing Daraprim, a drug used to treat infections common among people with AIDS. So he raised the price of… Read More »

Thank you, Jardiance: Diabetes drug sales ease Boehringer’s patent-loss pain

As sales of its blockbuster asthma and COPD drug Spiriva flagged in 2018, Boehringer Ingelheim needed a boost from its other products. Turns out diabetes was the key. The German drugmaker reported an impressive 52.5% increase in sales from its partnership with Eli Lilly on the Jardiance family of SGLT2 diabetes drugs, including Synjardi and… Read More »