TO THE EDITOR:
By now, you have seen the story all over social media. You have heard the condemnations of greed and opportunism. You have heard people writing off an industry as corrupt and prioritizing profits over people.
I am referring to the recent news story involving Martin Shkreli, chief executive of Turing Pharmaceuticals and former hedge fund manager. His company bought the rights to the drug Daraprim and raised the price from $13.50 per pill to $750. Daraprim is used to treat toxoplasmosis, a parasitic infection that poses severe health risk to people with AIDS and pregnant women, among others.
With Daraprim — as with most medicines — if people can’t afford it, they go without it, facing complications and sometimes death. The burden of forgoing treatment because it is too expensive falls overwhelmingly on vulnerable populations.
I am calling upon my fellow Carolina community members to do more in the name of access to medicines that save lives. Talk is cheap. Medicines are not.
Pricing decisions feel like they take place in a faraway boardroom. In reality, however, university students and faculty can take action to impact the affordability of medicines. Furthermore, it’s imperative that we take such action.
The process of developing a new drug takes place in our own backyard. Nearly one-fourth of drugs approved by the Food and Drug Administration start in university labs. Universities then license private companies to further develop and distribute the drug, typically giving them a monopoly.
If a company can charge whatever they want for a medicine, the price is generally outside the realm of affordability for the average citizen of countries like Malawi or the Philippines.