A pharma exec raised the price of antibiotic by 400 percent — and the government can’t do much about image

Stat Plus, September 11, 2018
Ike Swetlitz and Nicholas Florko, quoting Rachel Sachs (Academic Fellow Alumnus)

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From the article: 

Three years after Martin Shkreli became the poster boy of pharmaceutical company greed, another drug company executive is setting himself up for a similar infamy. And now, just as then, there is little the government can do — besides make a fuss.

Nirmal Mulye, CEO of Nostrum Laboratories, quadrupled the price of a generic liquid antibiotic used to treat bladder infections, the Financial Times reportedTuesday. And he had little shame.

“I think it is a moral requirement to make money when you can … to sell the product for the highest price,” Mulye told the FT.

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health law policy pharmaceuticals