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To: Maurice Winn who wrote (606114)8/26/2016 7:38:16 AM
From: skinowski5 Recommendations

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Alan Smithee
alanrs
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Neeka

  Read Replies (2) | Respond to of 793670
 
Jokichi Takamine first isolated epinephrine in 1901. [10] It is on the World Health Organization's List of Essential Medicines, the most important medications needed in a basic health system. [11] It is available as a generic medication. [1] The wholesale cost in the developing world is between US$0.10 and US$0.95 a vial. [12] In the United States an autoinjector for anaphylaxis, as of 2016, costs about US$600 for two. [13]
en.m.wikipedia.org

Actually, today's price is closer to $700, if not higher. Quite obviously, the transformation of one of the oldest and least costly medications into something fantastically expensive didn't happen due to free market forces.



To: Maurice Winn who wrote (606114)8/26/2016 8:28:39 AM
From: DMaA  Respond to of 793670
 
The primary patent has expired. Now what is preventing competition is government regulations. So in effect they are charging what the government allows.



To: Maurice Winn who wrote (606114)8/26/2016 8:56:25 AM
From: LindyBill  Read Replies (1) | Respond to of 793670
 
Why should they not charge what the market will bear for their EpiPens?

We live in the real world, Mq, not the ideal world you and I would want. If you gouge people by having the Gov put your competition out of business, as this company did, you may pay for it.

Ride the tiger and you may be eaten by it.