IncSmart Florida (Small Business and Startups) - Florida drug company is accused of price gouging. Cancer drug, Gleostine, has skyrocketed nearly 1400% since it's purchase from Bristol-Myers Squib from NextSource. This potentially life saving drug is now out of reach for patients suffering from brain tumors and Hodgins lymphoma. Stories of Martin Shkerli come roaring back before 2018 begins.
Robert DiCrisci, is the chief executive of NextSource Biotechnology LLC. They have increased the price of Gleostine 9 times. 12 percent in November following a 20 percent increase in August. Gleostine is now $768 per pill. The Trump administration is trying to lower pharmaceutical prices through the U.S. Food and Drug Administration. They are offering to expedite the regulatory review process for more than 300 drugs like Gleostine that lack generic competitors.
By IncSmart Staff Writers
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