Neven Mrgan takes a prescription drug called Cuprimine. Without it, he would slowly die from liver disease. Unfortunately, the price of Cuprimine has gone from $400-$1,700/month to $44,000/month. Curprimine is made by Valeant Pharmaceuticals, run by billionaire J. Michael Pearson. He's stepping down, not because he jacked up the price of Cuprimine and other medications, but because the company's misstated earnings hurt its stock value.
From a 2016 NYT article about Valeant's drug price strategy:
Cuprimine is just one of many Valeant drugs whose prices have spiked as part of the company’s concerted strategy, which has richly rewarded its investors and made it one of Wall Street’s most popular health stocks.
But Valeant’s habit of buying up existing drugs and raising prices aggressively, rather than trying to develop new drugs, has also drawn the ire of lawmakers and helped stoke public outrage against the growing trend of higher and higher drug prices imposed by big drug companies. This year alone, Valeant raised prices on its brand-name drugs an average of 66 percent, according to a Deutsche Bank analysis, about five times as much as its closest industry peers.
On her official Twitter account, New York Attorney General Letitia James today announced that NY is suing Juul.
People make fun of me when I talk about extending my wrists' duty cycle, but I earn the vast majority of my living with the parts of my body north of my chin and south of my elbows, and those are all pretty fragile, easily-damaged parts of your body.
Last June, an independent tribunal concluded that the Chinese state was nonconsensually harvesting organs from prisoners despite promises that the practice had ended in 2014.
We all know those gifts we get “for the kids,” the ones that parents are secretly more excited to open. Drones are a perfect example, but there’s a model out there that really doubles down on that appeal. Introducing the Space Fighter Building Block Drones, a series of space fighter drones that are a blast […]
The hardest part of web design can be nailing down the look. These days, even non-designers can easily spot a stale stock photo or lazily-made icon. What’s the solution? No matter what kind of artist you are, it’s always a good idea to widen your palette. And with more than a million vector images to […]
For all that tech that gets squeezed into them, the best wireless earbuds are ones we barely have to think about. That’s the whole point, right? We get wireless because we just want to hit play and have a hands-free, cordless soundtrack for the rest of the commute. If that’s your philosophy, definitely give these […]