The cost of lomustine, a veteran cancer drug, have skyrocketed after a startup bought the rights to it and hiked prices 1,400 percent.
According to the Wall Street Journal, lomustine was sold by Bristol-Myers Squib for years under the brand name CeeNU at a price of about $50 a capsule for the highest dose. The drugmaker sold lomustine in 2013 to a little-known Miami startup called NextSource, which proceeded to hike lomustine's price nine times since. It now charges about $768 per pill for the medication.
According to an analysis done for the Journal by Truveen Health Analytics and Elsevier, NextSource this year raised prices for the drug, which it rebranded as Gleostine, by 12 percent in November following a 20 percent increase in August.
Nextsource CEO Robert Dicrisci, pictured, says they base pricing on "product-development costs, regulatory-agency fees, and the benefit the treatment delivers to patients." As it didn't develop the drug and regulatory fees are not up 1,400%, that leaves the last part of his formulation. It is, in all fairness, a good way of suggesting that your life is surely worth every penny you have.
At a followup visit a year after Elizabeth Moreno had a disk removed to successfully treat her crippling pain, her doctor asked her to leave a urine sample; a few months later, Sunset Labs LLC of Houston sent her a bill for $17,800.
Using a cell phone won’t harm you, according to a draft report issued on Friday by the US Department of Health and Human Services’ National Toxicology Program. From the LA Times: “The reports don’t go much further than what we had reported earlier, and I have not changed the way I use a cellphone,” NTP […]
Investor Warren Buffet, world's-richest-guy Jeff Bezos and cartoon villain Jamie Dimon have announced that their firms will collaborate to create an unnamed health insurer that is "free from profit-making incentives and constraints" (though that does not necessarily mean it will be a nonprofit, of course).
When it comes to redesigning or renovating a living space, envisioning changes before they occur can be tricky for most. Thankfully, the web is home to tools that can remove some of the guesswork, like Live Home 3D Pro for Mac. This app lets you create detailed and furnished floor plans for everything from sheds and […]
For many startups and fledgling businesses, web hosting — and the fees associated with it — can take a sizeable chunk out of the company budget and limit growth down the road. But, that’s not to say there aren’t hosts out there who can get your site online while staying within your budget. Arch Hosting is a […]
The web is a big place, but it’s by no means infinite where domain names are concerned. New domain seekers, in particular, are feeling the burn as .com domain names become increasingly saturated, forcing many to choose a second-rate domain name or rename their brand entirely.Opting for a .tech domain not only affords you a […]