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Senators Condemn Big Price Increases for Drugs
The New York Times: Senators from both parties on Wednesday denounced huge overnight price increases for decades-old drugs that have been made by some pharmaceutical companies lately, calling them unconscionable and detrimental to patients.
“These companies are to ethical pharmaceutical companies as a loan shark is to a bank,” said Senator Susan Collins, Republican of Maine, quoting an unnamed industry specialist with whom she had spoken. She discussed the matter at a hearing of the Senate’s Special Committee on Aging, which she leads.
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