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]
An investigation by Propublica and Bayerischer Rundfunk found 187 servers hosting more than 5,000,000 patients' confidential medical records and scans (including a mix of Social Security numbers, home addresses and phone numbers, scans and images, and medical files) that were accessible by the public, "available to anyone with basic computer expertise."
America’s largest retailer will stop selling electronic cigarettes. Walmart announced the news today in response to a growing number of unexplained deaths involving vape devices throughout the US.
There’s been an explosion and fire at the Russian State Centre for Research on Virology and Biotechnology (Vector), a facility near Novosibirsk in Siberia that happens to hold live samples of smallpox. Vector officials say there’s currently no risk of contamination. Vector and the US Centers for Disease Control and Prevention are the only two […]
Studies have shown cannabidiol (more popularly known as CBD) to be effective in two main areas: Pain relief and stress relief. Both of those make the non-psychoactive, cannabis-derived compound a natural for topical creams. There’s no shortage of CBD products out there, but here’s eight of our favorites, all specifically designed for dermatological use – […]
If you’re part of the maker community, you know Make:. Though Make: magazine is off the shelves as of this year, the eBooks and resources put out by Maker Media are still a fantastic resource for the new generation of tinkerers, hackers, and robotics geeks. If you’re in that tribe, listen up: they’ve released a […]
Life isn’t getting any less hectic, and pressure cookers are a quick, healthy solution for a growing number of kitchens. But if you thought your Instant Pot was versatile, there’s a major upgrade on the market: The Yedi 9-in-1 Total Package Instant Programmable Pressure Cooker. If you’ve somehow never used a pressure cooker before, try […]