$10 drug now $1500 after FDA grants monopoly
Shared by Mystech
Yup, you read that right. You and I paid for the development of this drug but Big Pharma will reap obscene benefits from its sale. To quote KV Pharmaceuticals… “Nice baby you got there. Be ashamed if anything were to happen to it.”
A progesterone hormone injection, used to prevent preterm labor, used to be $10 a shot. Now that the FDA has assigned an exclusive right to create the easily-made formula to one company, KV Pharmaceuticals, the price has risen to $1500. Almost all of it is pure profit, and KV Pharma did not develop the drug or pay for its trials: the taxpayer did, via the National Institute for Health. It is said to be the only drug proven to prevent pre-term birth, and an expert cited by ABC News suggests that the profession was snookered into supporting the assignment as a quality standardization measure.
