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.
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 […]
The Canadian activist group Open Privacy Research Society has discovered that Vancouver, BC hospitals routinely wirelessly broadcast patient telemetry and admissions data, without encryption to doctor paging systems. It is trivial to intercept these transmission.
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 […]
When it comes to data analytics or deep learning, there’s one language behind the apps and algorithms that power the biggest companies of today: Python. The best part about this tool is that as versatile as it is, it’s actually fairly easy to learn. But mastery? For that, you need more than just a beginners’ […]
Your smartphone’s GPS is a modern necessity for some trips, but how do you use it safely? It’s been a problem ever since phones went mobile. A certain phone mount even shelled out the money for a commercial during the Big Game, so clearly there’s a market for the solution. Turns out there are a […]