Aug 17, 2015
Drug companies drive up drug prices by buying their rivals’ drugs and then jacking up the drug prices, according to the Wall Street Journal. The phrase “very shocking” is not enough to describe what these companies are doing. For example, Valeant Pharmaceuticals International Inc. bought two important life-saving drugs, Nitropress and Isuprel. The SAME DAY, the prices of these drugs skyrocketed by 525% and 212% respectively.
The company did not mince words to cover up for these price hikes. Valeant said, “Our duty is to our shareholders and to maximize the value.”
So, for these greedy lowlifes, our health is a way to inflate their pockets!