Bill George, Harvard Business School professor: "Heather Bresch made a big mistake"

[johnnyrocket]

Interesting, along with a clip of Bresch in May talking about how generics save people money.

https://uk.finance.yahoo.com/video/pro-heather-bresch-made-big-143300665.html

[tblue37]

1. For us deafies, could you indicate what the big mistake was? (We can't hear videos.) nt

[anamandujano]

2. She's pushing her luck,

She stirred up a hornet's nest, should have known better being from a political family.

He said you have to look deeper--generic drug isn't doing as expected, trying to get the stock price up (This part sounds like a defense)

Said that Obamacare had to cut a deal with pharma when they bought half the drugs which resulted in the pharma companies pricing however they wanted.

New administration will address this but drug companies should show some restraint.

He said that EpiPen was an old drug that Heather's company bought from a German company, that they did not spend millions to discover it. He compared it to a new drug for Hep C which did cost millions to develop, different company.

Congress will address this problem. Public will be a problem for drug companies.

Best I can do.

[tblue37]

3. THANKS! nt