Price of crucial leukemia drug is hiked 40% to $200,000 a year
Lawmakers have slammed a pharmaceutical company for raising the price of a crucial leukemia drug by 40 per cent in less than a year.
Bernie Sanders is leading the interrogation into ARIAD Pharmaceuticals in the latest battle between government and big pharma firms.
ARIAD produces Iclusig, which is used to treat chronic myeloid leukemia in some patients. The company has subtly bumped the price of the drug by at least 8 per cent every quarter – amounting to a 39 per cent increase.
Now it costs $200,000 a year – up $80,000 in just a few years. Continue reading