Canada sees 2,000% price hike for infant seizure drug

tay

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May 20, 2012
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The drug prescribed to infants in Canada with a rare and potentially dangerous form of epilepsy has jumped by 2,000 per cent practically overnight, upsetting specialists and parents.

Infantile spasms, also called West syndrome, is a catastrophic and rare form of epilepsy. It's diagnosed in babies with seizures that show abnormal bursts in the brain's electrical activity on an electroencephalogram or EEG.

At Toronto's Hospital for Sick Children, infantile spasm is treated as an emergency, said neurologist Dr. Carter Snead. Rapid treatment is critical. He's angry about the price increase.

"This was just dropped like a bombshell," Snead said about the way the price increase was communicated to provinces and hospitals.

"The price of Synacthen Depot increased by more than 2,000 per cent from $33.05 per vial to $680 per vial," said Carolyn Ziegler, a spokeswoman for Alberta Health.

The price was so high that Alberta delisted it in July, Ziegler said, meaning it's no longer automatically paid for by the province. The drug may still be provided on a case-by-case basis

Health officials in British Columbia, Saskatchewan, and Ontario reported similar increases.

"They just bought it and jacked up the price," Snead said.

Mia Brooks calls the price increase "absurd." She's worried that she will eventually be asked to pay for some of that increase.

"There's no way we can access that amount of money," she said.

The global pharmaceutical company Mallinckrodt owns the rights to Synacthen Depot in Canada. Mallinckrodt says it increased the price because of a change of manufacturing. The company did not respond to requests for details about where it manufacturers the drug and why the change in manufacturing justifies the price increase.

"When Mallinckrodt acquired Questcor in 2014, Synacthen Depot was one of the products in the portfolio. It was losing money then and still is. Moreover, in the spring of 2014, Mallinckrodt was told by the existing supplier of the product that they would cease production in early 2016," a Mallinckrodt spokesman said in an email to CBC News.

Health Canada said it knows where the drug is made but says it considers the information proprietary.

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2,000% price hike for infant seizure drug called 'absurd' - Health - CBC News
 

Twila

Nanah Potato
Mar 26, 2003
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Its' a strange price increase. I'm surprised that such essential medications are not subsidized in the manufacturing stage with the excess profits from other medications.

Our gov't subsidizes all kinds of things based on the long term goals in other situations. You'd think that something could be worked out between the investors, the company and various gov'ts.
 

Vbeacher

Electoral Member
Sep 9, 2013
651
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28
Ottawa
So here's what the government needs to do. It needs to set up or buy a generic pharmaceutical company and start making these drugs, along with a number of others, and sell it to itself. It should save us a fortune. This drug has been around, apparently, sine 1969 so its off patent. Create a generic version of this and other drugs and sell them for peanuts to the provincial health authorities.
 

JLM

Hall of Fame Member
Nov 27, 2008
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It's a f**king rip off is what it is. Somebody is living high on the hog at the expense of sick people.
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
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kelowna bc
This is not supply and demand some folks are buying the rights to drugs nearing
or after the patent dates and this should be made illegal. We need prescriptions
heavily regulated so as to make them part of medicare and cheaper for governments
to buy on mass. No problem with new drugs being more because costs do play a
serious role in research, but this is out of line and speculation under these circumstances
should be outlawed.
 

JLM

Hall of Fame Member
Nov 27, 2008
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If this crap is going to persist, someone is going to get assassinated................just before or after some kid dies!
 

Twila

Nanah Potato
Mar 26, 2003
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It's a f**king rip off is what it is. Somebody is living high on the hog at the expense of sick people.

That's business. If you require investors (and this company does), you'll need to at some point promise a return on that investment.

in·vest
inˈvest/Submit
verb
1.
expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
"getting workers to invest in private pension funds"
synonyms: put money into, provide capital for, fund, back, finance, subsidize, bankroll, underwrite; More
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
547
113
Vernon, B.C.
That's business. If you require investors (and this company does), you'll need to at some point promise a return on that investment.

in·vest
inˈvest/Submit
verb
1.
expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
"getting workers to invest in private pension funds"
synonyms: put money into, provide capital for, fund, back, finance, subsidize, bankroll, underwrite; More

A return of 8-10% is reasonable, 2000% is usuarous to the extreme!
 

Twila

Nanah Potato
Mar 26, 2003
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A return of 8-10% is reasonable, 2000% is usuarous to the extreme!

they weren't seeing profit of 2000%. They were loosing money and increased the price by 2000% to make back the money that they'd been loosing for the past few years.
 

tay

Hall of Fame Member
May 20, 2012
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Since Marijuana extracts work for children and adults with epilepsy I wonder if that option will become available for infants who can then leave the investors to ponder their ways......
 

Walter

Hall of Fame Member
Jan 28, 2007
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Since Marijuana extracts work for children and adults with epilepsy I wonder if that option will become available for infants who can then leave the investors to ponder their ways......
Even grow-ops need investors.
 

Twila

Nanah Potato
Mar 26, 2003
14,698
73
48
they may need to seek out angel investors and leave the vampire investors to their own devices.