House Democrats unleashed a torrent of fiery criticism on pharmaceutical company CEOs during a hearing on"unsustainable drug prices."
Rep. Katie Porter grilled Mark Alles, CEO of Celgene until the company was bought by Bristol Myers Squibb last year, over the cost of the company's cancer drug Revlimid. Alles defended the drug more than tripling in price to over $700 per pill since 2005 due to it being developed for"six additional indications" since then.
Um. Headline should read “ RepKatiePorter skewers pharma ghouls” - because she did it singlehandedly.
$13 Million ... Trumping Pharma. CEO
Do they get government subsidies to offset R&D costs? If not, profit is what these guys are in business for, right?
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