The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Drug Companies Buy Their Rivals to Jack Up Drug Prices

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!