3 ms·
Mylan and epinephrene in the US comes to mind as the most egregious[1]. The reason we don't see as many clear examples is because, as you noted, reputational ef
by otoburb 6y ago
Mylan and epinephrene in the US comes to mind as the most egregious[1]. The reason we don't see as many clear examples is because, as you noted, reputational effects will usually influence market leaders to try to generate more profit without catching the ire of powerful anti-competitive bodies.
In Canada, our band of oligopolies is well known (telecoms and banks primarily)[2], and past and future attempts[3] are difficult to implment due to our low population density[4].
[1] https://www.goodrx.com/blog/epipen-price-change-since-mylan-released-generic-epinephrine/ https://www.goodrx.com/blog/epipen-price-change-since-mylan-...
[2] https://this.org/2018/11/30/canada-has-an-oligopoly-problem-and-we-need-to-fix-it/ https://this.org/2018/11/30/canada-has-an-oligopoly-problem-...
[3] https://financialpost.com/opinion/the-crtcs-proposals-for-wireless-competition-will-hurt-the-sector-not-help-it https://financialpost.com/opinion/the-crtcs-proposals-for-wi...
[4] https://www.statista.com/statistics/271206/population-density-in-canada/ https://www.statista.com/statistics/271206/population-densit...
- pg_bot 6y agoIn the case of Mylan the problem is not the drug which is unbelievably cheap, but the medical device surrounding the drug. (the autoinjector) Mylan has patents on the design of the epipen that don't expire until 2025. Other devices such as the auvi-q were taken off the market due to inconsistent dosages being administered.