Time to Free a Controlled Marketplace for Generic Drugs

Time to Free a Controlled Marketplace for Generic Drugs

After Martin Shkreli, the Peck’s Bad Boy of the generic pharmaceutical industry, took the Fifth at a February hearing of the House Committee on Oversight and Government Reform, he recklessly tweeted that the members were “imbeciles.” They had hauled him to Washington, D.C., to lambast him and his company, Turing Pharmaceuticals, for acquiring exclusive rights to market Daraprim, an antiparasitic agent, and then jacking up the price more than 50-fold to $750 per pill.

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