NeuroTalk Support Groups - Drug Goes From $13.50 per Tablet to $750. Overnight!

NeuroTalk Support Groups (https://www.neurotalk.org/)

- Medications & Treatments (https://www.neurotalk.org/medications-and-treatments/)

- - Drug Goes From $13.50 per Tablet to $750. Overnight! (https://www.neurotalk.org/medications-and-treatments/226346-drug-goes-13-50-tablet-750-overnight.html)

Thanks for Good News, Razzle!

Thanks for sharing the good news, Razzle! :D
This move by Imprimis restores some faith.

Companies like Imprimis, taking more compassionate action, are deserving of a stock increase. :) I hope Imprimis can continue to offer fair pricing on all drugs and make a healthy profit.

I'll bet if a company, or some companies, in need of more investors, set up a sound business with a mission statement which included continued fair pricing, they'd benefit from some major investors to help keep the company growing.
Just a thought. :)

Thanks again for some good news! :D

DejaVu

Big Pharma Wants Access to Distribution in Other Countries?

Quote:

Originally Posted by bluesfan (Post 1172966)

After reading this article earlier this afternoon I was going to post about this in connection with the TPPA free trade deal where Big Pharma want's access to NZ's (and other countries) prescription medication distribution - (currently controlled centrally by govt. here) This would be one of the reasons why the drug corporations are pushing for the deal - to hike up prices! Didn't get time to post earlier then lo and behold it's a feature story on tv news here tonight with Hilary Clinton wading in saying she will stop such massive increases. Will be interesting to see if anything really changes as this guy is only one of many companies that have bought up rights to low priced older medications and ramped the prices sky high.

Hi Bluesfan, Thanks for letting us know what's going on with Big Pharma in NZ.
In the past, I have read the U.S. based pharmaceutical companies have made medications available for much less in other countries. Yet, this "less than is charged in the U.S." may be more than is charged in NZ at this time. (?)

Of course, the companies have something to gain by securing access to the prescription medication distribution in other countries. Hopefully, this would be an honorable business venture, in that it's taking place under "Fair Trade.";)

I believe you are right on, in that the companies being highlighted for these practices are likely not the only companies involved in hiking prices on old generic meds.

Should be interesting to see how this all plays out.

:hug:
DejaVu

House and Senate Oversight Committees Address Valeant

Quote:

Originally Posted by Marlene (Post 1175935)

Yet another drug company thinks it's OK to raise drug prices on an old drug just because they can....

http://www.nytimes.com/2015/10/05/bu...kers.html?_r=0

Thanks, Marlene!
You might be interested in this letter written to Valeant by members of the House and Senate Oversight Committees: http://democrats.oversight.house.gov...Nitropress.pdf

Thanks again!
DejaVu

P.S. I was in a hurry when I had posted this link. I have just re-read this letter to Valeant. It's quite a letter! This letter announces an investigation into recent price increases of specific drugs. Valeant is asked to supply specific information, including the prices charged in foreign markets, etc. Anyone interested in this topic will likely find this document interesting. It's brief and to the point. :)

I got your back on this one kicker !

Quote:

Originally Posted by kicker (Post 1172760)

This is not a victim-less crime. Insurance company raises my rates, taking food out of my children's mouths, the government needs more to pay for Medicare/Medicaid, the uninsured go without and death may follow as a result. In the pictures I see, the guy doing this has a stupid grin on.

So glad I saw this thread today after reading the story last night because I'm right there with you kicker......he does have a stupid grin on his stupid face and I just wanted to punch him.....and I'm not a violent person ;)

But then I saw the link from Razzle and he pretty much got punched in the face/wallet didn't he ?

Stay strong my friends.....dang...is that a beer commercial I'm quoting ? lol

No no no.....It's stay thirsty my friends right ? I'm whoozy from shots...cut me some slack please.

Debi from Georgia

Let's Keep Sharing Information and Concerns

Hi Debi,

Thanks so much for posting on this topic. :)

I agree, it's all a bit infuriating. (I, too, am a peaceful person. Yet, sometimes, anger is an appropriate response.) ;)

It helps me to know some lawmakers are using their power to investigate.
I am glad, too, there is increasing awareness of the issues needing investigation. It always helps to shine bright light onto darkened/unjust agendas.

I hope we will all help to keep this under intense light for further investigation and appropriate legal remedies -- by sharing this information, sharing our concerns with friends, family, acquaintances, lawmakers, health professionals, etc.

Love and Light,

:grouphug:
DejaVu

We Can Help to Make a Difference

Quote:

Originally Posted by zygopetalum (Post 1172925)

He apparently has backed down due to the outrage and falling stock prices :D and has said he will not raise it so much but what he will actually do remains to be seen.

It is good that his behavior has at least brought what they do to people's attention and it would be nice if something would be done to prevent all of the companies from exploiting people.

judi

Hi Judi,
Thanks for contributing to this thread. :)
This topic needs as much action as possible.

I think you may also like reading the letters written to Valeant and to Hospira.
The House and Senate Oversight Committees are taking investigatory action.
Both letters are linked into post # 17.

What will happen in the long run?
I think we can all help in determining at least some of what happens by continuing to educate other people and continuing to voice concerns.

I hope we can all help to make a difference.

:grouphug:
DejaVu

Hospira Sales to Valeant Prompt Investigation by Oversight Committees

I have just discovered another letter involved in this specific investigation. Reading both letters has helped me to better understand some of what has gone on behind the scenes. I want to place both letters in the same location for everyone's convenience. Thanks for your patience.:)

House and Senate Oversight Committee Investigations:

Hospira sold the rights to two drugs to Valeant. (Isuprel and Nitropress)
Hospira also had an agreement to continue manufacturing these drugs for 5 more years.

Valeant increased the prices of the drugs.

These two letters show us a little more about this transaction and also tells us what types of information these committees have requested.

Letter to Hospira:
http://democrats.oversight.house.gov...cal%20Sale.pdf

Letter to Valeant:
http://democrats.oversight.house.gov...Nitropress.pdf

Interesting documents.
I wonder if the companies involved have responded fully by the dates specified in the letters?

DejaVu