In the past few years, there have been a number of cases where pharmaceutical companies have engaged in questionable ethical practices. Watch the videos below and be prepared to make a case (affirmative or negative) for the following statement:
Claim: Pharmaceutical companies primary responsibility is to return value to their shareholders. They should therefore charge as much as they are able to get out of the market for a drug they have developed or purchased.
Generic Drug Companies and Price Fixing
Sweeping lawsuit accuses top generic drug companies, executives of fixing prices
There are two segments of the 60 Minutes show to watch (we can’t link directly to them, but you can scroll to them)
- The Price of Generics: Generic drug makers accused of price fixing (15 min)
- The Rockford File: The problem with prescription drug prices (15 min)
Rising Price of Insulin
Why Insulin Is So Expensive | So Expensive
Turing Pharmaceuticals and Daraprim
Turing CEO Martin Shkreli Talks 5,000% Drug Price Hike (Full Interview) | CNBC
Martin Shkreli weighs in on the rising costs of EpiPens, fraud charges
Martin Shkreli Testifies Before Congress: Full Testimony | CNBC
Mylan Pharmaceuticals and Epipens
Generic EpiPen Offered Amid Outrage Over Mylan Price Hikes | TODAY
Mylan CEO on EpiPen price hike and fixing the system
Mylan CEO: EpiPen $608 Price Was ‘Fair’