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]
Not so dank, dudes.
Ars Technica health reporter Beth Mole (previously) is a national treasure, and nowhere is her background in biology and science communications on better display than when she is puncturing the potentially lethal bullshit (vaginal jade egg -> toxic shock -> RIP) that Gwyneth Paltrow peddles through her Goop magazine and store (Mole was very good […]
South Dakota's HB 1057 ("The Vulnerable Child Protection Act") was introduced by Rep Fred Deutsch [R-04/605-882-3323/@freddeutsch/<a href="mailto:Fred.Deutsch@sdlegislature.govFred.Deutsch@sdlegislature.gov] on Tuesday with 40 cosponors, fast-tracked for a vote on Friday. It makes providing any gender-confirmation therapy to trans teens a Class 4 felony.
From OneDrive to Slack, there are numerous ways to store files online. Because many platforms offer a certain amount of free storage, it makes sense to mix and match. However, spreading your files across multiple apps can make things very confusing. Rethink Files offers a simple solution. By connecting to all your other cloud storage […]
Winter can be a difficult time of year for golfers. Between the freezing temperatures and frequent snow showers, maintaining your handicap can seem almost impossible. When the fairways are frozen solid, the PhiGolf simulator lets you practice at home. This device captures every nuance of your swing to provide virtual coaching. Better still, you can […]
Photoshop is one of the most widely used photo editing tools out there, to the point that it’s the default program designers think of whenever they need work done. Small wonder, too: The flagship software in Adobe’s creative suite is very powerful — if you know how to use it. There is a lot to […]