A Pharmaceutical Company Just Jacked up the Price of an Acne Cream to $10,000
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.