For those who have missed the rush of watching powerful men get shamed on national television for their abject greed, wait no longer: Rep. Katie Porter is back with her whiteboard of shame.
Centers for Disease Control Director Robert Redfield to secure free covid-19 testing for all Americans, whiteboard in hand. Wednesday’s victims? The current and former CEOs of pharmaceutical giants Teva and Celgene, the latter of which was acquired by Bristol-Myers Squibb in 2019. The companies jacked up the prices of two drugs: Teva’s Multiple Sclerosis drug Copaxone and Celgene/Bristol-Myers Squibb’s multiple myeloma drug Revlimid.
Porter grilled former Celgene CEO Mark Alles about the new cost of Revlimid. The lifesaving cancer drug cost $215 per dose in 2005. It now costs $763 per dose. Porter sought out a valid explanation for the obscene price increase, but Alles couldn’t give her one.Then, she went in for the kill: She wrote down $13 million on the whiteboard and asked if Alles recognized the number.“In some way,” Porter scoffed. “This was your compensation in 2017 for being CEO of Celgene. And that’s a lot of money.
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