Cancer drug price hike company investigated

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Northerner

Northerner

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The European Commission has launched an investigation into claims that drug company Aspen Pharma excessively increased prices of five life-saving cancer medicines.

The drugs include chlorambucil and busulfan - used to treat leukaemia.

The Commission said it was looking at claims that Aspen imposed "very significant and unjustified" price hikes.

The company confirmed an investigation was under way.

Patents expired
In a statement, Aspen said it was not currently in a position to comment on the proceedings but that it took compliance and competition laws very seriously and would work constructively with the EC.

Investigators will look closely at the pricing of key medical ingredients such as melphalan, mercaptopurine and tioguanine, used to treat cancers of the blood and immune systems.

http://www.bbc.co.uk/news/health-39933916
 
Northerner said:
The European Commission has launched an investigation into claims that drug company Aspen Pharma excessively increased prices of five life-saving cancer medicines.

The drugs include chlorambucil and busulfan - used to treat leukaemia.

The Commission said it was looking at claims that Aspen imposed "very significant and unjustified" price hikes.

The company confirmed an investigation was under way.

Patents expired
In a statement, Aspen said it was not currently in a position to comment on the proceedings but that it took compliance and competition laws very seriously and would work constructively with the EC.

Investigators will look closely at the pricing of key medical ingredients such as melphalan, mercaptopurine and tioguanine, used to treat cancers of the blood and immune systems.

http://www.bbc.co.uk/news/health-39933916
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It's shocking and reprehensible behaviour northerner and obviously of deep concern to people like me dependent on the fair availiability of these drugs.
This company are facing a possible 200 million euro fine for this which will hopefully deter further opportunists from capitalising on the misery of others.
 
This was all over the news, when they first did it, wasn't it Amigo? Reprehensible. Yeah they need to make a profit, OK OK. But not get enough to buy the flippin world - or keep all the Boards wives shod like Imelda until their deathbeds!
 
I can't help but wonder how brexit will affect drug prices and what will be available, or not, as the case may be.
 
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