Transcript Unfair Drug Pricing

Unfair Drug Pricing?
John Bracken
And
Lizzy Jeffries
Norvir
• Part of AIDS ‘cocktails’
• Turned AIDS from fatal
disease to a chronic
illness that is manageable
Is it more than covering
their costs?
Abbott Laboratories raised
its price for an annual
supply of Norvir from
$1,600 to $7,800 two
days before Christmas.
The clinical trials and research
reportedly cost about
$15 million. It generated
over $1 billion in sales in
the last six years.
Should we do anything
about this?
• Europe has price
controls, 40-60% lower
than the US.
• Canada’s free health
care
What should we do then?
Should we have all research
and production run by the
government?
Should there be a profit
margin limit (percentage)?
Should we let things be?
Does someone have a
better idea?