The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
November 13, 2014

Generic Drug Firms Subpoenaed as Price Hikes Draw Federal Scrutiny 
-------------------------------------------------------------------


 
Two generic drug manufacturers have been subpoenaed in a federal probe
into price hikes. The Justice Department is seeking information from the
two firms on their interactions with competitors. Generic drugs have
seen a major price jump over the past year. A medication for congestive
heart failure, digoxin, now costs more than $1 per pill, up from just 11
cents two years ago. The price for an antibiotic brand went from $20 per
bottle last fall to over $1,800 today. Independent Senator Bernie
Sanders has submitted questions to 14 pharmaceutical companies ahead of
a Senate hearing on generic drug pricing next week.

 

.