Topmost menu

QuanGang Zhou

Author Archive | QuanGang Zhou

Economics Behind a 5,000 Percent Price hike

Conventional pharmaceutical companies have a specific business strategy. They usually stay unprofitable for decades until their drugs are approved by the Food and Drug Administration to enter the market. Then they start to raise their drug price gradually at a rate above inflation every year. For instance, according to Deutsche Bank, Merck and Pfizer raised […]

Continue Reading