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Americans are paying outrageously high prices for prescription drugs compared to the rest of the world. So what determines the price of drugs?
Learn More:
Martin Shkreli raised his drug’s price 5,500 percent because, in America, he can
http://www.vox.com/2015/9/22/9366721/daraprim-price-shkreli-turing
“Daraprim is a small, white tablet that looks a lot like aspirin. ”
To Reduce the Cost of Drugs, Look to Europe
“When anyone proposes reducing prescription drug prices – as Hillary Rodham Clinton and Bernie Sanders recently have – the most commonly heard criticism is that it would squelch innovation.”
FDA: Frequently Asked Questions on Patents and Exclusivity
http://www.fda.gov/Drugs/DevelopmentApprovalProcess/ucm079031.htm
“Patents and exclusivity work in a similar fashion but are distinctly different from one another.”
Music Track Courtesy of APM Music: “Evolving Elements”
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