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.
A man in Ireland repeatedly injected semen into his arm in the hopes that it would cure his back pain. He instead got a subcutaneous abcess and had to get professional help. [via Gizmodo] Drs. Dunne, Murphy and Rutledge report: A 33 year old male was seen complaining of severe, sudden onset lower back pain. […]
Editor’s Note: Richard Metzger is a connoisseur of cannabis, and recently started growing his own. He’s test-driving high-end rig good for small-scale grows from Cloudponics. This is not a sponsored post, Boing Boing is not getting anything from Cloudponics. Metzger’s just really *that* enthusiastic about weed, and spoiler alert, so far he likes the Cloudponics […]
The state of Tennessee pays doctor-contractors by the case to review Medicare disability claims, leading to a situation in which doctors review four or more cases per hour -- and kick profoundly disabled and terminally ill people out of the program. Tennessee leads the nation in denied disability claims.
For the newbie, Python can seem like the most intimidating programming language. After all, it can be used to create everything from simple apps to vast networks of web crawlers. But there are fundamental principles that underlie all the uses of this versatile platform, and you can absorb them all with the Python Master Class […]
Building a website on WordPress has always been easy. But if you really want to make your website stand out from the growing crowd, you’re going to need some help. For our money, a subscription to Storeshock WordPress Themes & Elements does the trick almost as well as having a pro designer by your side […]
These days, there isn’t much our iPhone camera can’t do – except feel like an actual phone. Despite years of steadily increasing resolution and image sensing technology, we’re still taking shots awkwardly with two hands, fumbling for the shutter button. Leave it to an avid photographer to design Shuttercase, a versatile iPhone case that solves […]