Price Of Cancer Drug Raised 1,400% By New Owners

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Title : Price Of Cancer Drug Raised 1,400% By New Owners
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BALTIMORE (WJZ) — A Florida-based drug maker is facing charges of price-gouging after hiking the price of a potentially life-saving cancer treatmentby 1,400 percent since 2013.

The 40-year-old medication, known as lomustine, has been used by patientssuffering from brain tumors and Hodgkin’s lymphoma. In 2013, the drug was reportedly sold to startup company NextSource. Prior to the sale, pharmaceutical giant Bristol-Myers Squibb sold the medicine for $50 per pill. Since NextSource acquired the drug, it has raised the price nine times and is now selling lomustine for a staggering $768 per pill.

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