Remember when Bad Orange Man tried to make drugs cheaper?
At the time of writing, RT is the only major English-speaking outlet to report on this.
None of the others seem to have heard about it so far.
The Netherlands has ordered an Italian drug maker to cough up nearly 20 million euros ($23.58 million), after the pharma firm inflated the price of one of its medications by an eye-watering 30,000%.
In a decision issued on Monday, the Netherlands Authority for Consumers and Markets (ACM) said that the drug manufacturer, Leadiant, had charged “far too high a price” for a prescription medication used in the treatment of patients with a rare hereditary metabolic disorder known as cerebrotendinous xanthomatosis. Around sixty patients in the country suffer from the disorder, which requires life-long treatment, the ACM said in its statement.
The drug, chenodeoxycholic acid (CDCA), has been in existence for years and was marketed under a variety of names. In 2008, Leadiant acquired a CDCA-based drug from another manufacturer. According to the ACM, at the time the maximum price in the Netherlands for the medication was 46 euros for a package of 100 capsules. A year later, the Italian pharma firm renamed the drug Xenbilox and hiked its price to 885 euros. The price increases continued as Leadiant began to monopolize the CDCA-based drug market in Europe. By 2017, the drug had a price tag of 14,000 euros – sending the cost skyrocketing 30,334% when compared to its 2008 price.
The Dutch regulator imposed a fine of 19,569,500 euros on Leadiant, and condemned the company’s business practices.
“After a small, low-risk investment, Leadiant implemented a huge price increase for a drug that had already existed for years. In this case, there was no innovation at all. We consider this to be a very serious violation,” Martijn Snoep, head of the ACM, said.
It’s almost like there’s a serious problem with the entire patent system, which needs to be adjusted for the modern age.
Or, perhaps, the entire concepts of patent, copyright, and “intellectual property” simply need to be abolished outright?
We all know the arguments in support of these legal fictions, but do most people know the arguments against them?
If we want society to be different than it is now, we should ask why society is like it is now.
Of course, the short answer is “the Jews” – but it is more complicated than that.