Common Childbirth Drug Doubles in Price as Shortages Drag On [Fortune]
Endo International plc - Ordinary Shares (ENDP)
Last endo international plc - ordinary shares earnings: 2/26 06:00 am
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Source: Fortune
The price of a drug given to millions of women in the U.S. every year to help speed up labor or recover from childbirth more than doubled this week, in a sign of deepening market dysfunction that has left some health-care providers scrambling to find critical medicines. Endo International Plc raised the price of a one milliliter single-dose vial of Pitocin at the start of December to $3.60, according to its wholesale acquisition cost, up from $1.68 previously. Prices for other common hospital drugs including ketamine, an anesthetic, and adrenaline, used to restart hearts and reverse allergic reactions, have also jumped in the past week, according to a company that tracks prices. The increases are being driven in part by diminishing supplies of many older, widely used medications that reap little if any profit for manufacturers. The number of drugs that are scarce in the U.S. has recently doubled, rising to 110 as of September from 55 in mid-2017, according to the U.S. Food
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