RE:RE:CXRX Bought Drugs To Jack up Pricescg16 wrote: I think its unlikely that price increases will stop.
This is from last week:
"In a statement, Valeant Pharmaceuticals (VRX -2.2%) says it has raised the wholesale acquisition prices of its neurology, gastrointestinal and urology products by 2 - 9% effective today."
You have to look at their whole portfolio, just as you have to look at Concordia's entire portfolio. Sure, Valeant and Concordia increased some drugs by a modest amount - drugs that they had competition in. But when a company thinks they can increase a drug price by 1500% just because they have no competition - and they think they are staying under the radar - they are wrong. It actually attracts competitors in the space, as Concordia saw when they did impairments.
The day of price gouging as a business model is done for roll ups. Ask yourself why a company would have a generic to compete with its own branded version! That is what is seriously wrong with this industry.