McGruber quotes Atlanta TV station WSB: The city of Marietta, Georgia is suing drug manufacturer Mallinckrodt after Mallinckrodt increased the price of the drug Acthar by 97,500%. The lawsuit, filed in federal court, claims one city employee needs the drug Acthar, which is used to treat seizures in small children. “Acthar used to cost $40, but Mallinckrodt has raised the price of the drug to over $39,000 per vial,” the city claims in the lawsuit. “This eye-popping 97,500% price increase is the result of unlawful and unfair conduct by Mallinckrondt. The city has expended over $2 million for just one patient covered by the city’s self-funded health plan….” Atlanta pharmacist Ira Katz said Acthar is what’s called a “biologic” and they can be classified as specialty drugs. “They put them into the specialty class, and the prices are outrageous, just outrageous,” Katz said.
Read more of this story at Slashdot.
Source:
https://science.slashdot.org/story/20/02/22/1754203/city-sues-drug-manufacturer-mallinckrodt-over-97500-price-increase?utm_source=rss1.0mainlinkanon&utm_medium=feed