Oh, the nuances of the “free market” economy… and the convoluted principles of economics.
One of the fundamental rules of free market economy is the law of supply and demand. If there is a high demand for a product then the price of that product rises as the supply is depleted, artificially or otherwise.
The funny thing is: the Indian market of hepatitis C patients is very large so why is the price of the drug plunging there, and is much cheaper by 99.57% than in the United States?
Continue reading Gilead Sciences selling Sovaldi at $1,000 a pill in US and $4.29 in India