• STAT+: Italian authorities fine drugmaker for ‘excessive' pricing of a rare disease drug

    1 month ago - By STAT

    Antitrust regulators in Italy have fined a drugmaker nearly $3.8 million for years of “excessive” price hikes on a rare disease medicine, the latest instance in which European authorities have cracked down on the pharmaceutical industry for harming consumers and taxpayers.
    At issue is a medicine known as CDCA that is used to treat people with cerebrotendinous xanthomatosis, or CTX, a rare genetic metabolic disease. A version was available for decades at a low cost. But the drug was bought by Leadiant Biosciences which, by 2014, began raising the price in several countries before...
    Read more ...