23 November 2013

The Joy Of Monopolies: Orphan Drug Price Increasing By Nearly 40% Each Year

A couple of years ago, Techdirt carried an article by Andy Kessler about the difference between entrepreneurs who create value, and those who lock it up. The former tend to drive prices down constantly, innovating all the while in order to make a profit; the latter, by contrast, typically enjoy monopolies that allow them to push up prices without offering anything more in return. 

On Techdirt.

No comments: