TV News LIES

Tuesday, Jan 21st

Last update04:23:18 AM GMT

You are here News Health Drug company hikes price for end-of-life drug Seconal

Drug company hikes price for end-of-life drug Seconal

E-mail Print PDF

Seconal price hikedThe 80-year-old drug Seconal, a once widely used sleeping pill now often prescribed as an end-of-life treatment, has doubled in price as laws go into effect in several states this year permitting terminally ill patients to take their own lives.

Valeant Pharmaceuticals, which is among companies being investigated by Congress for price gouging, doubled the price of Seconal last year from $1,500 to $3,000 after acquiring the rights to it.

Seconal was the latest "mispriced" drug bought by Valeant with the intent of slashing staffs and raising the price, a common practice in the pharmaceutical industry that drew the attention of Congress and most of the country after Turing Pharmaceuticals bought and immediately increased the price of Daraprim by 5,000 percent.

On March 21, Valeant CEO J. Michael Pearson was forced by the company's board of directors to resign, bringing to an end the empire he'd built buying drugs and companies, reducing costs and increasing the prices of older, cheaper drugs to boost the company's profits.

More...


Most Recent Related Stories...


Trump to roll back Michelle Obama's school lunch rules on vegetables, fruits

Michele Obama school lunch programThe Trump administration on Friday announced plans to roll back school lunch standards on vegetables and...

More drugmakers hike U.S. prices as new year begins

Pharmacy prices to go upDrugmakers including Bristol-Myers Squibb Co (BMY.N), Gilead Sciences Inc (GILD.O), and Biogen Inc (BIIB.O) hiked U.S....

Supreme Court will again review Obamacare birth control mandate

SCOTUS to review Obama care birth control mandate The Supreme Court on Friday said it will revisit whether employers must guarantee free birth control...

Flu, widespread in 30 states, blamed for nearly 2,000 deaths this season, CDC reports

CDC reports 1,900 flu deaths The flu is widespread in 30 states and has claimed almost 2,000 deaths this season, including...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!