Last quote by Brent Sanders
Brent Sanders quotes
I needed to do big deals to get where we are, but the strategic vision was always to get to a point where we could use stepping stones.
This isn't something the government can solve, because it isn't a bright line – it's a facts and circumstance test. And so I'd rather industry self-police, which is what Allergan is doing. We're making a very bold commitment to say we're not going to engage in this practice.
If you're taking old drugs and you're building an entire business model over price increases versus investing in innovation and looking for cures and treatments for unmet medical needs, then you are probably moving into an egregious pricing condition.
If the bottom of the ecosystem, which is so important for early drug discovery, begins to evaporate, innovation will start to go away.
And I hope others in the industry follow.
Allergan is committed to being a good citizen in self-policing and being disciplined about price increases.
In a free market, who says what would fall under the panel's purview, and what the price should be?
I'd like to stop outliers too, but implementing that would be hard to do.