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Pharma Company Threatens Shortages to Hike Up Cancer Drug Prices by 4000%

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By Alex Pietrowski, Waking Times 

​

There is not lack of controversy in the pharmaceutical industry, particularly when it comes to drug prices. Unethical, profit-generating tactics used by Big Pharma have never been clearer than the recent actions taken by South African Aspen Pharmacare.
This company tried to drive up the price of five different cancer drugs as much as 4,000 percent. Moreover, it threatened to stop supplying the much-needed medication if health authorities didn’t agree to the higher prices.

Foul Tactics Used to Increase Cancer Drug PricesAspen Pharmacare purchased the rights to five different cancer drugs from British firm GlaxoSmithKline (GSK) in 2009. As part of the deal, GSK became one of Aspen’s main investors. It received 16 percent stake in the company, which it sold off in 2013 and 2016.

In 2012, Aspen started to raise cancer drug prices in major European markets such as Britain, Spain and Italy. The Times reports:
The price rises meant that the cost of busulfan, used by leukaemia patients, rose from £5.20 to £65.22 a pack in England and Wales during 2013, an increase of more than 1,100 per cent. The price of chlorambucil, also used to treat blood cancer, rose from £8.36 to £40.51 a pack in the same year.

When Aspen purchased the rights from GSK, it dropped the brand names. In Britain, the drug maker was able to exploit a loophole that allows companies to raise drug prices for unbranded generics.

In mainland Europe, Aspen targeted health authorities with its price hikes. The Timesclaims that it has documents and internal emails that show how Aspen “took an ‘aggressive’ approach to negotiations, sometimes creating shortages of the medicines or threatening to stop supplying the drugs altogether to force health authorities to accept its demands.”

For example, Aspen pressured Italian authorities to pay price increases of up to 2,100 percent. The increase took effect over only three months. Moreover, Spanish authorities faced price hikes of up to 4,000 percent. The Spanish Ministry did not agree to pay the higher prices. As a result, Aspen stopped supplying the Spanish market with its five cancer drugs.

In addition to busulfan, Aspen purchased rights to mercaptopurine, a treatment for acute lymphoblastic leukaemia, which occurs in children. Some of Aspen’s medicines treat several types of cancer particularly prevalent among the elderly.

Big Pharma’s Price Gouging in the U.S.Price gouging by drug makers is not exclusive to Aspen Pharmacare or the European region. Currently, the United States is one of the most lucrative markets for Big Pharma. This isn’t just because of the sheer amount of people in the U.S. population who take prescription medications. More importantly, in the U.S. drug companies are charging up to 10 times as much for pharmaceuticals when compared to other developed countries.

Read more articles from Alex Pietrowski.

ABOUT THE AUTHORAlex Pietrowski is an artist and writer concerned with preserving good health and the basic freedom to enjoy a healthy lifestyle. He is a staff writer for WakingTimes.comand Offgrid Outpost, a provider of storable food and emergency kits. Alex is an avid student of Yoga and life.
​
This article (Pharma Company Threatens Shortages to Hike Up Cancer Drug Prices by 4000%) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Alex Pietrowski and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement.

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  • Home
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    • Agriculture System
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      • Apple and Google named in US lawsuit over Congolese child cobalt mining deaths
    • Justice/Political System >
      • Fear-Based Manipulation: How Politicians, Marketers and the Media Create Panic to Control the Masses
      • Fear is the Enemy of Freedom
      • THE US IS BECOMING A NATION OF SHEEP – HERE’S HOW TO STOP IT
      • Save Us From Freedom
    • Health System >
      • Has Drug-Driven Medicine Become a Form of Human Sacrifice?New Page
      • This ‘Tree of Immortality’ Keeps Disease Away
      • Simple Homemade Cough Syrup Removes Phlegm From The Lungs
      • FDA Investigates Allergic Reactions to Pfizer COVID Vaccine After More Healthcare Workers Hospitalized
      • ‘Lockdowns are a big mistake:’ World Health Organization and other experts now ADMIT global economic shutdowns for COVID-19 are WRONGNew Page
      • EXCLUSIVE: COVID vaccine patent warned of “deliberate coronavirus release”New Page
      • The Bill Gates globalist vaccine depopulation agenda… as revealed by Robert F. Kennedy, Jr.
      • The Coronavirus COVID-19 Pandemic: The Real Danger is “Agenda ID2020”
      • The Five Best Ways to Beat a Cold
      • What Mandatory Vaccination and the 5G Rollout Have In Common
      • Three Ancient Beauty Secrets You’ve Never Heard Of
      • Herbs To Lower Blood Pressure
      • 7 Simple Ways to Unclog Your Arteries Naturally
      • Pharma Company Threatens Shortage to Hike Up Cancer Drug Prices by 400%
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    • Divide and Conquer is Killing Us
    • You Light Up the Planet
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    • Open Minds Build Open Hearts
    • A BLACK PERSPECTIVE ON RACISM
    • Why?
    • The Fear of Truth...What Makes Us Run From Truth?
    • In The Information Age, You Get What You Create
    • Community Development; From The Inside Out, One Person at A Time
    • No Excuse For Abuse
    • Corporatocracy and Our Toxic Beliefs
  • Esoteric
    • Spirituality Begins With Unconditional Love Towards Oneself
    • Master This Psychological Concept to Thrive in a Chaotic World
    • 10 Ways To Live Your Greatest Life
    • What is the Ego? Should it Be Destroyed?
    • CONSCIOUSNESSThe Sublime Value Of ‘Ego Deaths’
    • Thoughts Beliefs Reality
    • Core Beliefs Fundamentally Impact Your Life — Alchemize The Negative Ones
    • 10 Levels Of Consciousness
    • 5 Steps to Take Now So You Can Thrive in the Post Coronavirus World
    • How to Free Yourself From Toxic Beliefs
    • The 7 Habits of Highly Ineffective People
    • Proof That Our Thoughts Create Reality
    • Your Beliefs Shape Your Reality
    • Transcending the Illusion of Light Versus Dark
    • The Mandala: The Sacred Geometry of Meditation ​
    • 9 Things You Don’t Know about Yourself
    • The Power of Thought Man’s Greatest Discovery
    • Change Your Circumstances; Do Something Different!
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    • In all your getting, get Understanding
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  • MEDICAL HORROR: Covid vaccines have now killed more people than the ATOMIC BOMB dropped on Hiroshima
  • Jabbed individuals drive the evolution of vax-resistant COVID variants, study says