U.S. drug company sues Canada for trying to lower cost of $700K-a-year drug


mentalfloss
+1
#1  Top Rated Post
Only to be made worse by TPP

U.S. drug company sues Canada for trying to lower cost of $700K-a-year drug

A U.S. drug company is taking the Canadian government to court for its attempt to lower the price of what has been called the world's most expensive drug.

Alexion Pharmaceuticals has filed a motion in Federal Court, arguing that Canada's drug price watchdog has no authority to force the company to lower its price for Soliris.

The company says in the court documents that the price of Soliris has not changed since it went on the market about six years ago and that the price difference between the two countries reflects the difference in exchange rates between the U.S. and Canada.

The medication is approved to treat two rare blood diseases that affect about one in every one million people. A 12-month treatment costs about $700,000 in Canada, while in the U.S. it costs about $669,000.

..more...

http://www.cbc.ca/m/news/health/u-s-...drug-1.3242172
 
damngrumpy
No Party Affiliation
#2
Well the current and former governments sold out our sovereignty years ago
All this crap from the WTO and other trade deals are coming back to bite us
I am not big on the free trade deals myself unless there is some balance to
them. We have the resources to say what we want and with hold what we
want as bargaining chips and we are so nice we don't use them as well as
we might
 
Ludlow
No Party Affiliation
#3
($$$$)

sho me de mownay