FDA promised a ‘lower-cost option’ to EpiPen, but the price isn’t any lower

Re:FDA promised a ‘lower-cost option’ to EpiPen, but the pri... by gamblor956 on Wednesday November 28, 2018 @12:55PM (#18553798)

No, it's more like this: I'm the CEO of a medical drug supply company. I want a new yacht, or a new Jetstream private plane, or hell--why choose between them when I can get both? What price should I charge for a drug millions of people need each year so that I can continue to enable my decadent lifestyle?

If the historical price is X, but I can charge 4X because people need the drug, let's charge 5X so I can make even more profit because demand is inelastic.

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Re:FDA promised a ‘lower-cost option’ to EpiPen, but the pri... by DaiPlusPlus on Wednesday November 28, 2018 @01:44PM (#18554334)

And the bad PR of news reports of people dying because they can’t afford our lifesaving products can be addressed by issuing a press release announcing price cuts and a coupon program which will both be ended after the public moral outrage dies down.

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Re:FDA promised a ‘lower-cost option’ to EpiPen, but the pri... by hpbd on Wednesday November 28, 2018 @01:48PM (#18554380)

People like to believe bad PR kills companies because that makes them think they have control over their lives. Poor bastards...

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