Why does Walgreens charge 1,237% more than Costco? That is the headline clickbait but you…
You all know I am not a pro Big Pharma guy but this is outrageous. This from the Wall Street Journal:
Can a drug company be held liable for damages caused by generic drugs it didn’t produce? That’s the expansive new theory of “innovator liability” on parade in Alabama, where a recent ruling by the state Supreme Court could do damage throughout the U.S. economy. In Wyeth Inc. et al., v. Danny Weeks et al., Mr. Weeks says he suffered from side effects from taking the generic version of an acid-reflux drug called Reglan. He sued Wyeth for fraud and misrepresentation, though the company didn’t make the drug he took and had exited the Reglan market in 2002, five years before he took it. The court ruled 8-1 that Wyeth could be held liable for injuries because the generic manufacturer couldn’t change the warnings on the product it copied.
This is what limits innovation. I mean, c’mon man, are you serious?