In what may go down in history as the textbook example of how dangerous an unregulated free market can be when a company decides it wants to be greedy, Turing Pharmaceuticals of New York hiked the cost of a powerful drug used to treat people with life-threatening illnesses like AIDS and cancer by over 5,000 percent overnight. Why? Because it will make the start-up company’s investors rich – and there is nothing patients and doctors could do about it.Reaction from the right: "Time to build a factory to make that drug in India."
Who thinks the per-dose price is going to approach $13.50 again in the near future? Anyone want to bet it may even go under that?