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Unfair Drug Pricing? John Bracken And Lizzy Jeffries
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Norvir Part of AIDS ‘cocktails’ Turned AIDS from fatal disease to a chronic illness that is manageable
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Is it more than covering their costs? Abbott Laboratories raised its price for an annual supply of Norvir from $1,600 to $7,800 two days before Christmas. The clinical trials and research reportedly cost about $15 million. It generated over $1 billion in sales in the last six years.
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Should we do anything about this? Europe has price controls, 40-60% lower than the US. Canada’s free health care
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What should we do then? Should we have all research and production run by the government? Should there be a profit margin limit (percentage)? Should we let things be? Does someone have a better idea?
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