Quote:
Originally Posted by bizaro86
I don't get this. If its a 60+ year old drug, and this guy raises the price to $750/pill, what's to stop a generic manufacturer from coming in and undercutting him? If there are no limits on who can produce something, its price will probably decline to just above the cost of producing it.
Am I missing something here?
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That's what I thought too. If a company holds a patent, then go nuts. There is really nothing else to be said. High pharma prices have always fueled the innovation of further drugs. That said, there is a lot of BS in the pharmaceutical industry.
If this was a generic product, then someone else should come in and steal his market share.