A Pharmaceutical Company Just Jacked up the Price of an Acne Cream to $10,000
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29 September 2016
This article was originally published at Revelist.
DAAAAMN, Big Pharma, back at it again with the price gouging!
Last week, drug manufacturer Novum Pharma jacked up the price of one of its acne creams, Aloquin, to $9,561 — a 128% hike from its previous cost.
"From a clinical standpoint, a drug listed as 'possibly effective' by the FDA, shouldn't be a likely treatment choice by doctors — especially not with a $10,000 price tag," Michael Rea, chief executive of Rx Savings Solutions told CNBC.
Revelist has reached out to Novum Pharma for comment.