Quotes from pharmaceutical exec about soaring Cost of EpiPen

[Bob]

Seems to me the way to stop these corporate maggots, read "rape-ists" is to put a cap on the price of products imported. If manufacturing costs for a product are X, then a fair market price IS 3-5X to the first tier distributer. A 10 % markup is reasonable for a commodity. That's it though, no more.

A 1 $ epi-pen product costs at worst 1$ to make product and sold to the first reseller, then 5X let's say.. The pen is now 5$. First tier "marketeer" is allowed their 10% so that they sell to the Pharmacy dispensary (now the product is 5.50$ - the Pharmacy/dispensary which should only be allowed a 10 % markup, a final retail to the consumer is $6.05 (quantity pricing obviously can be obtained to reduce the cost even more so).

THAT is fair honest business manufacturing to resales to the public.

TRUMP campaign, if you can read this, you have a WIN - mandate such an above practice.

In the EPI-PEN case, they ESCAPED (remember Mr. Trump when you said US manufacturers were escaping the US to hide elsewhere?) to the Netherlands. THEN they export into the US at outrageous prices. Same practice as listed above is what would be LEGALLY MANDATED - nothing coming in, nothing especially critical medical products should violate the above fair business practices.

That should address the subsidy kickbacks it seems. CAP the cost of imports from manufacturing to retail. ESPECIALLY with critical life saving drugs.

-- update --

to pour a bit more salt on this rape, the company that makes the tech took such from NASA, which publicly developed such a pen, it was created by US FUNDS (see below quote and link)..

To steal such, put their so called 'patent' on such is obscene and a violation of all ethical principles. A license to "rape" is not ethical.

Reference: http://www.anaphylaxis.org.uk/adrena...needle-length/

History of the Adrenaline Auto-Injector

AAIs were first licenced for use in the UK in 1996. AAIs are prescribed for the first line emergency treatment of a severe allergic reaction (anaphylaxis). They are currently available as a prescription only medication in the UK and three brands are available – EpiPen, Jext and Emerade.

Auto-Injectors were developed in the 1960’s for military use following research between the American military and NASA. The original objective was to develop a self-injecting device that would inject atropine, the antidote for nerve agents in biological weapons.

Similar auto-injector systems were also used with other drugs as part of the NASA Manned Space Flight Program. From this original design platform the AAI was developed and was introduced into the medical field approximately 25 years ago in the USA.

The first marketing authorisation in Europe was for EpiPen which was granted in Germany in 1989 and in the UK in March 1996.

Subsequently other brands of AAIs were licensed: Anapen, Jext and most recently Emerade.

Anapen is no longer marketed in the UK but is still available in the other EU countries.

The "INVERSION ESCAPE PLAN"

Mylan’s 2014 deal involved its buying a generics manufacturer from Abbott Laboratories and reincorporating in the Netherlands, the subsidiary’s home.

As in all inversions, nothing else changed: Mylan’s operational headquarters remained in Pennsylvania, and its main workforce didn’t relocate.

At one point, Mylan even appealed to U.S. antitrust officials to help it block a takeover bid from an Israeli company. But the inversion deal did allow the firm to cut its U.S. tax bill.

Source: http://www.latimes.com/business/hilt...nap-story.html

[TargeT]

Posted by Bob (here)
Seems to me the way to stop these corporate maggots, read "rape-ists" is to put a cap on the price of products imported. If manufacturing costs for a product are X, then a fair market price IS 3-5X to the first tier distributer. A 10 % markup is reasonable for a commodity. That's it though, no more.

A 1 $ epi-pen product costs at worst 1$ to make product and sold to the first reseller, then 5X let's say.. The pen is now 5$. First tier "marketeer" is allowed their 10% so that they sell to the Pharmacy dispensary (now the product is 5.50$ - the Pharmacy/dispensary which should only be allowed a 10 % markup, a final retail to the consumer is $6.05 (quantity pricing obviously can be obtained to reduce the cost even more so).

THAT is fair honest business manufacturing to resales to the public.

*devils advocate*
what about research costs etc? is a 5x mark up going to be reasonable to recover those?

*/devils advocate*

I totally agree with you.. I think governments main purpose should be to curtail blatant greed from industry (aka protect "we the people"), in fact I think governments should mainly be policing corporations (primary function, military would be secondary) and corporations should GO BACK to being only allowed for certain high risk projects (building a bridge etc..) and then be dissolved after the project (this is historically how corporations functioned)

[Bob]

The RESEARCH costs were derived, taken from the NASA and US ARMY.

EPI-PEN Netherlands has NO right to call research costs as part of the deal it seems to me.

NASA got their funds from the US taxpayers

A US created product being used against people, raping them economically is the Epi-Pen it seems to me. Someone should pull their 'license'

(PS - I T O T A L L Y agree with your viewpoint on this - research should be able to be fairly recouped, over time for the lifetime of the product, but not gouging.. just because they can, a 5X markup in experience allows for that, just my observation)

[TargeT]

Posted by Bob (here)
The RESEARCH costs were derived, taken from the NASA and US ARMY.

EPI-PEN Netherlands has NO right to call research costs as part of the deal it seems to me.

NASA got their funds from the US taxpayers

A US created product being used against people, raping them economically is the Epi-Pen it seems to me. Someone should pull their 'license'

(PS - I T O T A L L Y agree with your viewpoint on this - research should be able to be fairly recouped, over time for the lifetime of the product, but not gouging.. just because they can, a 5X markup in experience allows for that, just my observation)

are you stealth campaigning for trump?

haha, one of his "bright points" for me is trade re-negotiation... Once we loose the power to tax the world through the USD being the global reserve currency we are going to have to get a LOT more defensive with our tariff laws (aka, make **** produced out side the country cost MORE than **** produced inside the country costs...that's how it SHOULD be done to encourage OUR economy).

I was unaware of hte origins of the epipen... that makes this action so much more despicable... like a patent troll.

[Bob]

Stealth Campaigning for Trump - can't say I have taken any active viewpoints - If for instance the Hillary push was more of giving big pharma more subsidy so that they could charge more (and get insurance to pay), that everyone in that food chain gets $$ which comes out of the citizens paying for it all..

Capping and doing good business practices instead of donations to foundations for favors, or donations from foreign powers to foundations for "special favors" seems like it is part of the same corrupt manipulation of master/slave setups. This isn't the thread for that obviously, but my point being as you say "patent troll" behavior by those who took the technology developed by NASA/Army and profiteering on it certainly really irks me, and I consider it despicable, and the politicians pushing for more of the same "subsidy wink wink handshake" to keep the insane costs for petty cost products which are livesaving to be abused as such.

If people wake up, stop the kickback thru subsidy, it probably doesn't matter that Epi-Pen's CEO's Dad is a US senator.. (er... can we say insider scandal manipulation?)

https://theintercept.com/2016/08/24/...s-to-congress/

Heather Bresch, whose father is U.S. Sen. Joe Manchin, D-W.Va., became president of Mylan Pharmaceutical in 2009 and CEO in 2012.

She is no stranger to controversy: She moved Mylan’s headquarters to the Netherlands last year after a corporate “inversion” merger with Abbott Laboratories.

The move enabled the company to operate its headquarters in the U.S. but maintain corporate citizenship in Holland, benefiting from a lower tax rate.

But the EpiPen scandal, sparked by a sudden price hike, could cause more trouble for the company, its CEO, and her lawmaker father.

Joe Manchin, D-W.Va "D" for demicrat that is.. familiar bailywick of scandal, more of same ole same ole?

[TargeT]

Posted by Bob (here)
If people wake up, stop the kickback thru subsidy, it probably doesn't matter that Epi-Pen's CEO's Dad is a US senator.. (er... can we say insider scandal manipulation?)

it is disgustingly obvious & frustrating that nothing happens about it.

[Michelle]

My son has an epipen. He is allergic to peanuts. I'm not sure if people know this but peanut is used as an adjunct in vaccinations. It causes a massive immune response in the body. Peanut allergies were unheard of before. With the introduction to the peanut adjunct, peanut allergies soared over 300%. When vaccinines were looked into the pharmaceutical companies covered this up by stating that peanut is a "trade secret" so it does not have to list it as an adjunct on the list with all the other adjuncts.

The pharmaceutical company that provide the epipen most likely knew that severe peanut reactions were on the rise from this and decided to cash in on it. It's just awful what they do to make money. Some vaccinations use other adjuncts though. Soybean and seasame oil are used as well.