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(Newser)   Pharmaceutical manufacturer agrees to a $500 million penalty for impure drugs. Profit margin on the drugs now falls to a perilously low 250%   ( divider line
    More: Followup, generic drugs, Indians, profit margins, drug companies, subsidiary, medications  
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554 clicks; posted to Business » on 15 May 2013 at 9:40 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-05-15 09:44:22 AM  
About $49 million of that penalty will go to a former Ranbaxy executive who acted as a whistleblower, prosecutors said.

So when corporate executive blows the whistle, they get a multi-million dollar payday. When some schmuck on the factory line whistle blows, they get fired and arrested for exposing corporate secrets.
2013-05-15 09:46:13 AM  
Who is subby kidding?  They'll just raise the prices of their entire product line.
2013-05-15 11:33:41 AM  

Driedsponge: Who is subby kidding?  They'll just raise the prices of their entire product line.

It's a generic company.  If they raise the prices, no pharmacy will buy them.

Since there are fewer manufactures, many others did raise their prices.
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