Page 20 - CL Armchair Case
P. 20
TRADING & COMPETITION
While competition might ordinarily be expected to deter
such a massive price increase, it appears that Turing may
have taken steps to prevent that competition from arising,'
by distributing Daraprim through a limited number of
specialty pharmacies in order to prevent generic
manufacturers from obtaining access to samples to make
their own version.
What Turing has done sounds more like trading – buying up
the rights to a drug and then increasing the price.
When criticised Shkreli did not take the criticism of him and
his company's actions lightly. He responded vociferously in
tweets. Moreover, he ultimately drew the attention of Hillary
Clinton who criticised his actions and attitude. All at a time
when the scrutiny of US drug prices was increasing.
