IB THEORY OF KNOWLEDGE COORDINATOR - BD SOMANI INTERNATIONAL SCHOOL MUMBAI, My contact EMAIL (andrew.callahan@bdsint.org) (Please note this site uses Google cookies in compliance with EU Law. By using this site you accept that cookies are used here.)
Wednesday, September 23, 2015
Price Gouging Drug CEO Claims He’s The Good Guy
The CEO of Turing Pharmaceuticals is defending his decision to raise the price of the drug Daraprim 5500%, from $13.50 to $750. He claims his company was not making a profit from the drug and that what he did was actually “altruistic.” Cenk Uygur and Ana Kasparian (The Point) hosts of The Young Turks discuss.
Do you think altruism was a factor in this CEO raining the price of the drug? Should the government implment restriction on how expensive medicines can be? Let us know in the comments below.
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