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Pharmaceutical Giant Plotted to Destroy Cancer Drugs to Drive Prices Up 4,000%

  • April 17, 2017

How far is the pharmaceutical industry willing to go to increase its bottom line? The Independent reports that industry giant Aspen Pharmacare purchased five cancer drugs from GlaxoSmithKline (GSK) and used this near-monopoly to hit European buyers with extortionate 40-fold price increases. What makes this gouging possible is a rule that allows drug companies to increase the price of drugs that have been rebranded. Interestingly, GlaxoSmithKline’s relationship with Aspen Pharmacare...
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