Turing’s Price Hike A Symptom of Bigger Problem
Hating on Martin Shkreli nearly broke the Internet after he raised the price of a generic but life-saving drug from $13.50 to $750. While it would be easy to pile on, at Gay Men’s Health Crisis we believe this is an opportunity to shine a light on the bigger problem. As one biotech analyst noted, Shkreli’s company, Turing Pharmaceuticals, bases its entire business plan precisely on the price-spike strategy, which is neither new nor illegal – but it is getting worse. Building on a long history of prescription drug policy activism, GMHC has spoken out about the next generation […]