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Thread: Pharmaceutical giant plotted to destroy cancer drugs to drive up prices

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    Veteran Member bajisima's Avatar
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    Pharmaceutical giant plotted to destroy cancer drugs to drive up prices

    Disgusting..

    Leaked internal emails appear to show employees at one of the world’s leading pharmaceutical companies calling for “celebration” over price hikes of cancer drugs, an investigation has revealed. Staff at Aspen Pharmacare reportedly plotted to destroy stocks of life-saving medicines during a price dispute with the Spanish health service in 2014.

    After purchasing five different cancer drugs from British firm GlaxoSmithKline (GSK), the company tried to sell the medicines in Europe for up to 40 times their previous price, reported The Times. When bargaining over drug prices in Spain, the pharmaceutical giant is said to have threatened to stop selling the cancer treatments unless the health minister agreed to price rises of up to 4,000 per cent, reported Spanish online newspaper El Confidencial Digital at the time.

    Now another leaked email appears to reveal that staff at Aspen discussed destroying their supplies of the drug in the row.

    Pharmaceutical giant 'plotted to destroy cancer drugs to drive prices up 4,000%' | The Independent
    https://www.businesslive.co.za/bd/co...-eu-uk-probes/

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    Quote Originally Posted by bajisima View Post
    Disgusting..

    Leaked internal emails appear to show employees at one of the world’s leading pharmaceutical companies calling for “celebration” over price hikes of cancer drugs, an investigation has revealed. Staff at Aspen Pharmacare reportedly plotted to destroy stocks of life-saving medicines during a price dispute with the Spanish health service in 2014.

    After purchasing five different cancer drugs from British firm GlaxoSmithKline (GSK), the company tried to sell the medicines in Europe for up to 40 times their previous price, reported The Times. When bargaining over drug prices in Spain, the pharmaceutical giant is said to have threatened to stop selling the cancer treatments unless the health minister agreed to price rises of up to 4,000 per cent, reported Spanish online newspaper El Confidencial Digital at the time.

    Now another leaked email appears to reveal that staff at Aspen discussed destroying their supplies of the drug in the row.

    Pharmaceutical giant 'plotted to destroy cancer drugs to drive prices up 4,000%' | The Independent
    https://www.businesslive.co.za/bd/co...-eu-uk-probes/
    Stuff like that should be cause for losing patient rights, or forfeiture of the company.
    Thanks from Friday13 and bajisima

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    Why is it "disgusting" when pharmaceutical (or diamond) cartels collude to create artificial scarcity, but when labor cartels do it, it's expected and accepted?

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    The free market and health care simply don't mix. What has to happen for people to realize that?
    Thanks from Kontrary, MaryAnne, labrea and 2 others

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    Senior Member Michael J's Avatar
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    Quote Originally Posted by webrockk View Post
    Why is it "disgusting" when pharmaceutical (or diamond) cartels collude to create artificial scarcity, but when labor cartels do it, it's expected and accepted?
    When did labor cartels do that?
    Thanks from labrea and MaryAnne

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    Quote Originally Posted by webrockk View Post
    Why is it "disgusting" when pharmaceutical (or diamond) cartels collude to create artificial scarcity, but when labor cartels do it, it's expected and accepted?
    Maybe because creating artificial scarcity to inflate drug prices threatens actual human lives and causes physical, as well as economic suffering.

    What do you think about creating an over supply of labor to artificially reduce wages to the point where people can't earn enough to support themselves?
    Thanks from Kontrary

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    Quote Originally Posted by labrea View Post
    Maybe because creating artificial scarcity to inflate drug prices threatens actual human lives and causes physical, as well as economic suffering.

    What do you think about creating an over supply of labor to artificially reduce wages to the point where people can't earn enough to support themselves?
    What do you think mass immigration and mass H1b visas do?
    Thanks from webrockk

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    The company and it's top management should be exposed for the drug price rigging. Public rage and shame hopefully will destroy their stock price.

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    Quote Originally Posted by Michael J View Post
    When did labor cartels do that?
    really? it's WHAT they do. Have you ever wondered why union thugs intimidate/beat the shit out of scabs? Why teaching 5 year olds how to color between the lines now requires a masters degree?

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    Quote Originally Posted by labrea View Post
    Maybe because creating artificial scarcity to inflate drug prices threatens actual human lives and causes physical, as well as economic suffering.

    What do you think about creating an over supply of labor to artificially reduce wages to the point where people can't earn enough to support themselves?
    Are you opposed to policies that exacerbate labor supply gluts? because your support for Democrats suggests otherwise.

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