Drug firm fined £100m for huge price rise that hit NHS
A drug company that increased the price of a crucial thyroid remedy more than 10-fold has prompted fines of more than £100m by the competition watchdog.
It said an investigation had shown that from 2009 until 2017, Advanz charged excessive and unfair prices for supplying liothyronine tablets, which are used to treat thyroid hormone deficiency. From 2007, the company adopted a deliberate "price optimisation" strategy, which meant exploiting these niche products to drive up prices.
Michael Grenfell, executive director for enforcement at the CMA, told the BBC that the decision to push up the price of the drug had had "a real human cost".He added that a number of drug companies were "engaged in anti-competitive practices that have racked up expenses for the NHS".
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
NHS is as busy and pressured as it was in January, health leaders warnIn a letter to the PM, NHS providers said the next phase in the fight against Covid-19 is likely to be ‘the hardest yet’ given the scale and breadth of pressures the health service is facing.
Læs mere »
Low-paid NHS workers deserve better than this paltry offer | LettersLetters: Karen Barratt highlights all those essential cogs in the health service who will not benefit by the government’s largesse, while David Hughes says nurses should take a leaf out of politicians’ greed playbook. Plus letters from Roger Cook and Jean Betteridge
Læs mere »
How to claim £125 when 'pinged' by the NHS appIt's SO simple to do ...
Læs mere »
Housing market cools as stamp duty break withdrawnUK house prices still rose by 10.5% compared with a year ago, Nationwide building society says.
Læs mere »
UK house prices hit record high as buyers hunt for more spaceAverage cost now 30 per cent above peak before 2008 financial crisis
Læs mere »
US sells unique Wu-Tang Clan album seized from 'pharma bro' Martin ShkreliThe album was handed over as part of a $7.4m deal with a notorious former drug firm executive.
Læs mere »