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2016 ; 7
(6
): 544-6
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High Drug Prices Hurt Everyone
#MMPMID27326322
Halpenny GM
ACS Med Chem Lett
2016[Jun]; 7
(6
): 544-6
PMID27326322
show ga
Turing Pharmaceuticals raised the price of Daraprim 5,500%, illustrating how the
absence of competition in the sale of low-volume, low-price drugs can lead to
price gouging. For patented medicines, society allows supracompetitive pricing to
incentivize innovation. However, Gilead's decision to sell Sovaldi for $84,000
per course of treatment raised the question whether society must accept any price
set by the patent holder. Unfortunately, these incidents illustrate a broader
trend in which pharmaceutical prices are greater in the United States than
abroad, placing the United States at the top in per capita expenditures on
pharmaceuticals. The Canadian and Indian approaches to balancing patient access
to medicines with other policy objectives, including stimulating investment in
R&D, point to a multifaceted solution. Proposed solutions include prevention,
increasing pharmaceutical coverage, and increasing transparency. Strategic policy
requires access to information regarding R&D costs, private listing agreements
(prices charged to different customers), and patient outcomes.