The latest uproar over rapacious drug pricing centers on a wily biotech, Turing Pharmaceuticals, that acquired the rights to an anti-infective medicine used in immune-compromised patients, then hiked the price by more than 50-fold.
Let’s set aside for a moment the questions of whether this is legal (probably) or good for the company’s short-term bottom line (ditto). And, let’s leave it to others to parse CEO Martin Shkreli’s claim on Twitter that Turing’s move “benefits all of [the company’s] stakeholders.”
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