TRENTON, N.J. — Stocks of makers of biologic and "specialty" drugs plunged Monday after Democratic presidential frontrunner Hillary Clinton said she'll soon release a plan to address "price gouging" in the industry.
It was the one of the worst days of the year for the stock market performance of the biotech industry. http://www.nytimes.com/...
In response to the egregious 5,000% overnight price increase for the anti-parasite drug Daraprim instituted by its brand new hedge-fund owner, Hillary Clinton sent out the following message in a Tweet:
"Price gouging like this in the specialty drug market is outrageous," Mrs Clinton said.
"Tomorrow I'll lay out a plan to take it on."
Hillary published her tweet at 10:56 a.m. East Coast time and immediately the market for biotech began its tumble.
My, my, my. It seems that candidate HRC is being taken very seriously indeed. A weaker candidate might say the same thing but no one would notice. This is a powerful woman. Listen to the roar via The Washington Post:
“It is time to deal with the skyrocketing out-of-pocket costs and runaway prescription drug prices,” Clinton said.
She referred to news coverage Monday of the decision by Turing Pharmaceuticals to hike the price of the 62-year-old drug Daraprim by more than 4,000 percent. The New York-based company purchased Daraprim for $55 million this summer and immediately raised the price. The drug is used to treat toxoplasmosis, a parasitic infection that can be severe in patients with compromised immune systems, such as HIV, and for pregnant women. http://www.washingtonpost.com/...
I am Hillary. Hear me roar.