In one of her commercials she says she is going after them for predatory pricing of their pharmaceuticals. It's ironic that they are a Canadian company, and everybody loves Canada and their dreamy pothead wizard. I'm clearly not defending Valeant, but how do you "go after them" if they are not violating any laws? Laws that the politicians established.
HRC is Going After Valeant
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NOIRTRASH
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The same way OJ went after Nicoles killer.
I agree. There is morality and ethics, of course. Greed comes into play as well. You can shame them, which rarely works.. Or you could try to inspire them to conduct business ethically. Since it is a Canadian company, I don't know how much you could really do. For drug companies, maybe you could proscribe the shysters from advertising that encourages people to sue. You have to give something to get something. Advertising drugs to the general public should not be allowed. That would save drug companies a lot.
Hard_Rom
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It's an anti-monopoly issue. The Democratic candidates are campaigning on lower drug costs citing abuse of monopoly granted by patents.
http://www.cbc.ca/news/health/valeant-pharmaceuticals-price-hikes-1.3248265
Steve Morgan, a drug policy analyst at the University of British Columbia, is writing a commentary about Valeant.
"One of the responsibilities that comes with monopoly power, such as that which is provided by patents, is to resist abusing the power so much that government feels it must intervene," Morgan said in an email.
Policy intervention could come in the form of regulation of drug prices or compulsory licensing of drug patents.
"If such responses are provoked and effective, the sector as a whole might have preferred that conventional thresholds of value-for-money pricing had been respected all along," he added.
Not to worry Valeant may not survive being investigated by the SEC.
http://www.cbc.ca/news/business/valeant-michael-pearson-1.3468860
The shares are trading at less than one-third of their $335 high last August. That was right before Valeant's practice of buying rights to old drugs and jacking up the prices came under congressional scrutiny, and a few months before its questionable relationship with a drug distributor raised concerns about the accuracy of its financial reporting.
Valeant shares dropped more than $20, or roughly 20 per cent to below $90 a share on the TSX in reaction to the company's announcement late Monday that it is being investigated by the SEC.
Last summer Valeant was the richest share on the TSX. Ahead of the RBC. Ahead of a Canadian bank! That's impressive from a capitalist point of view.
It's only ironic to Yanks. Our history if chock full of capitalism, mercantilism and big banks. Our banks are admired around the world for their stability and profit making. The same bank operating in the US has far lower service charges than a branch in Canada. And we don't even bitch too much about service rates because we admire our banks enough. With Canada's wealth in resources you can be assured that our capitalist are quite well connected.
We know capitalism. How do you think we pay for the more socialist things we do?
http://www.cbc.ca/news/health/valeant-pharmaceuticals-price-hikes-1.3248265
Steve Morgan, a drug policy analyst at the University of British Columbia, is writing a commentary about Valeant.
"One of the responsibilities that comes with monopoly power, such as that which is provided by patents, is to resist abusing the power so much that government feels it must intervene," Morgan said in an email.
Policy intervention could come in the form of regulation of drug prices or compulsory licensing of drug patents.
"If such responses are provoked and effective, the sector as a whole might have preferred that conventional thresholds of value-for-money pricing had been respected all along," he added.
Not to worry Valeant may not survive being investigated by the SEC.
http://www.cbc.ca/news/business/valeant-michael-pearson-1.3468860
The shares are trading at less than one-third of their $335 high last August. That was right before Valeant's practice of buying rights to old drugs and jacking up the prices came under congressional scrutiny, and a few months before its questionable relationship with a drug distributor raised concerns about the accuracy of its financial reporting.
Valeant shares dropped more than $20, or roughly 20 per cent to below $90 a share on the TSX in reaction to the company's announcement late Monday that it is being investigated by the SEC.
Last summer Valeant was the richest share on the TSX. Ahead of the RBC. Ahead of a Canadian bank! That's impressive from a capitalist point of view.
It's only ironic to Yanks. Our history if chock full of capitalism, mercantilism and big banks. Our banks are admired around the world for their stability and profit making. The same bank operating in the US has far lower service charges than a branch in Canada. And we don't even bitch too much about service rates because we admire our banks enough. With Canada's wealth in resources you can be assured that our capitalist are quite well connected.
We know capitalism. How do you think we pay for the more socialist things we do?
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