Drugmaker rethinks its decision to double price of a generic after Trump calls it a coronavirus lifesaver — reports
After President Trump on Thursday implied a decades-old malaria drug was sanctioned by the FDA to fight the new coronavirus, reports emerged that late last year the drug’s maker doubled the price of the compound, but has now restored the original price tag as the virus envelops much of the globe.
Made by New Jersey-based Rising Pharmaceuticals — the drug, called chloroquine phosphate — saw a hike of roughly 98% to $7.66 for a 250 mg tablet, STAT and the Financial Times reported, citing data from research and publishing firm Elsevier.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.