Drug company CEO calls 400 percent price hike 'moral requirement'

[basquebromance]

Drug company CEO calls 400 percent price hike 'moral requirement'

This is flat-out wrong: Increasing the cost of medicine by 400% is not a "moral requirement."

 

[ABikerSailor]

This is the part of the article that pissed me off..................................


The CEO of a pharmaceutical company is facing criticism for describing a 400 percent price increase of an antibiotic as a "moral requirement."

“I think it is a moral requirement to make money when you can ... to sell the product for the highest price," he said.

Mulye said the branded version of the drug increased in price to $2,800.



Greed is in no way "moral". Matter of fact, it's one of the 7 Deadly Sins.