The cost of Aloquin -- an acne cream based on iodoquinol and aloe, whose component ingredients cost virtually nothing -- was raised by 128% this week by manufacturer Novum Pharma, who now charge $9,561 for a 60g tube.
The FDA classes Aloquin as "possibly effective," meaning that "there is only limited clinical evidence suggesting it is safe and works as intended." Novum makes some other acne creams -- Alcortin A, which went up by 128% this week as well, and Novacort, which went from $4,186 to $7,142 per 29g tube.
As recently as May 2015, a tube of Aloquin cost $241.50, but shortly after acquiring the drug from its previous owner, Primus Pharmaceuticals, Novum raised its price overnight by 1,100 per cent. In January it again increased the price before raising it a third time last week, according to the figures seen by the FT.
Overall, the price of Aloquin has increased by nearly 3,900 per cent since May of last year.
The strategy of acquiring drugs and then implementing sharp price increases — known as “buy and raise” — has become so controversial that many pharmaceutical executives have pledged to abstain from the tactic.
Drugmaker raises price of acne cream to $10,000 a tube
[David Crow/Financial Times]
The U.S. State Department says Russia is exploiting a well-established online operation that includes proxy websites to amplify coronavirus disinformation and conspiracy theories.
My family stopped wiping down all our groceries to “disinfect” them a couple months ago, mostly because of hygiene exhaustion. Then in May, the Center for Disease Control and Prevention clarified its own Web page about how COVID-19 spreads to state that “based on data from lab studies on COVID-19 and what we know about […]
Irish doctor Maitiu O Tuathail got so sick of people claiming that surgical masks cause oxygen deprivation that he put on half a dozen while hooked up to an oxygen meter. Guess what happened?
From ordering from Amazon to paying bills over the web to something as simple as bottled water, we’re all hooked on modern convenience. We can’t help it. There are just too many modern world advances that save us too much time not to become a creature of comfort and go the easy route. Even if […]
No matter whether you go into the office or work from home, whether you roll out of bed at 5 a.m. or never get up before 9, we all agree a day can on how you feel first thing in the morning when you wake up. If you wake up feeling groggy or out of […]
The aluminum can is a great invention. And for 60 years, it and its crafty little addition, the pull tab, have made transporting and drinking all of our favorite beers, soft drinks and other beverages about 1,000 percent easier. Of course, evolution continues — and even an innovation as awesome as the aluminum can is […]