Novum Pharma,bought the rights to Aloquin cream, which contains two cheap ingredients, or in 2015 and nearly immediately increased the price by 1100%A US drug company has increased the price of an acne cream by more than 3900% to $9561 in less than 18 months in the latest example of drug “price gouging”,which has enraged the American public and become a central topic of debate in the presidential election campaign.
Novum Pharma, a recently formed privately held Chicago-based company, and bought the rights to drug Aloquin in May 2015. The 60g cream,which contains two cheap ingredients, was sold by its previous owner, and Primus Pharmaceuticals,for $241.50. Related: 'Exorbitantly expensive' EpiPen prompts letter from 20 US senators Continue reading...
Source: theguardian.com