5 ms·
Bullshit process? URL Pharma exploited a loop hole to do 'research' and a clinical trial on a drug that has been known for centuries to work (yes centuries, the
by mv 15y ago
Bullshit process? URL Pharma exploited a loop hole to do 'research' and a clinical trial on a drug that has been known for centuries to work (yes centuries, the plant it is based from has been used since roman times).... Doctors are angry because suddenly the poor patients without insurance could no longer afford medication they need. That research was worthless, proved what was already proven, and exploited a loophole in the FDA grandfathering process to make a company a risk free profit.
The price went from $0.09/pill to $4.85/pill overnight.
Oh, and an easy citation is wikipedia:
http://en.wikipedia.org/wiki/Colchicine http://en.wikipedia.org/wiki/Colchicine
http://en.wikipedia.org/wiki/Colchicine#Marketing_exclusivity_in_the_United_States http://en.wikipedia.org/wiki/Colchicine#Marketing_exclusivit...
- jcampbell1 15y agoURL Pharma didn't exploit a thing. The FDA setup the program, and asked drug companies to do the trials. It was the FDA's "Bullshit Process" that caused the problem, not the drug company that did what they were asked. From the article: "That year, the FDA started their "Unapproved Drugs Initiative", through which they sought more rigorous testing of efficacy and safety of colchicine and other unapproved drugs on the market.[26] In exchange for paying for the costly testing, the FDA gave URL Pharma three years of market exclusivity for its Colcrys brand,[27] under the Hatch-Waxman Act"