Mar 21, 2011
Last week, the price of a drug called Makena, which is given to pregnant women to prevent premature births, shot up from less than $20 to $1,500 per injection. This staggering price hike means that the total cost of treatment during a pregnancy could be as much as $30,000.
This is not a new drug. It was invented in 1956, and doctors have been using it to help women with high risk pregnancies since 2003. Special pharmacies have been preparing this drug inexpensively for years, without any quality problems according to doctors using it, although it has not been approved by the Food and Drug Administration (FDA).
But, a few weeks ago, the FDA gave approval to one company, KV Pharmaceuticals of St. Louis, to exclusively manufacture and market this drug for seven years. And since there are no regulations to price the drugs, this company was free to set any price it wanted.
And the price KV Pharmaceuticals wanted was $1,500, up from $20. This company will make gruesome profits out of women’s misery. Just like drug dealers on street corners, ready to kill to increase their profits.