Drug giant “plotted to destroy stocks of life-saving cancer medicines to drive up the price across Europe”

http://www.dailymail.co.uk/news/article-4411194/Drug-giant-plotted-destroy-stocks-cancer-medicines.html

One of the world’s leading drug companies ‘plotted to destroy supplies of life-saving cancer medicines’ over a battle to drive up prices in Europe, it has been claimed.

South African firm Aspen Pharmacare is understood to have proposed the wastage during a row with the Spanish health service in 2014, while it is also said to have threatened to stop supplying medicine to Italian authorities a year earlier.

The price drive began after the firm, whose European headquarters is based in Dublin, bought the rights to five cancer medicines from British firm GlaxoSmithKline.

According to The Times, the company wanted to impose rises of up to 4,000 per cent after purchasing the ‘portfolio’ of drugs from GSK for more than £270million in 2009.

The paper reported that in 2013 the cost of leukaemia drug busulfan rose from £5.20 to £65.22 in England and Wales, a 1,100 per cent jump, while blood cancer medicine chlorambucil went from £8.36 per pack to £40.51.

It is understood Aspen was able to impose the price rises by taking advantage of a loophole that allows increases if a brand name is dropped.

An investigation by the Times claims a ‘cache of documents’ revealed Aspen ‘threatened to stop supplying drugs’ to Italy in 2013 if authorities did not agree to price rises, and a year later ‘threatened to destroy stocks’ should Spanish health bosses not do the same.

It is understood Italian authorities subsequently agreed to the rises following a period of medicine shortages that were ‘allegedly orchestrated to increase pressure’.

Dennis Dencher, chief executive of Aspen Pharma Europe, told the Times price rises were at ‘appropriate levels’ to ‘promote long-term sustainable supply’ and added the previous prices were ‘unsustainable’.

The firm also denied any shortages of medicine were deliberate but did not address questions on the destruction of drugs from the paper.

———–

true corruption..

“An investigation by the Times claims a ‘cache of documents’ revealed Aspen ‘threatened to stop supplying drugs’ to Italy in 2013 if authorities did not agree to price rises, and a year later ‘threatened to destroy stocks’ should Spanish health bosses not do the same.”

assholes..

401

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~ by seeker401 on April 21, 2017.

7 Responses to “Drug giant “plotted to destroy stocks of life-saving cancer medicines to drive up the price across Europe””

  1. EVERYTHING BIG AND GIGANTIC, BUT NOTHING SANE:

    http://www.ecowatch.com/funded-trumps-inauguration-2370182741.html?utm_source=EcoWatch+List&utm_campaign=bb1ed6544f-EMAIL_CAMPAIGN_2017_04_12&utm_medium=email&utm_term=0_49c7d43dc9-bb1ed6544f-85958553

    • thats just green religion rubbish..hillary got 300 million from the sauds ffs..the oil kings!

      • I REALLY DO NOT CARE FOR ANY OF THEM, WHO GETS MONEY FROM WHOM AND WHO DID WHAT WITH WHAT TRANSACTION DOES NOT MATTER, WHAT DOES MATTER IT ALL BOILS DOWN TO EVIL AND CORRUPTION, WITH EVERY LAST ONE OF THEM. THEY THEMSELVES REGARDLESS OF POLITICS ARE RUBBISH. I DID NOT VOTE.

        • stop linking just anti trump stuff then, i think we know oil money flows to all political leaders..both sides are evil fuckers..and kill the caps please..

  2. poor people cant even afford these cancer drugs

  3. Reblogged this on World4Justice : NOW! Lobby Forum..

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