Kaiser Health News: Old Drug Turned ‘Cash Cow’ as Company Pumped Price to $40K a Vial, Emails Show

Washington, October 2, 2020

He argued that Mallinckrodt had invested $660 million in improving manufacturing of the drug and in seeking evidence that Acthar works for many other uses that the FDA permits.
Rep. Jimmy Gomez (D-Calif.) said Trudeau’s answer misled the committee and he owed Maloney an apology.
“Replacing one term with another term, ‘cash cow’ with ‘profit maximizer,’ doesn’t change the intent of your company, which is to make as much money as possible,” Gomez said.

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