Sanders tweet causes drug company to lose $400M in a day (The Hill)

[Equinox Moon]

Sanders told his 2.6 million followers that Ariad Pharmaceuticals Inc. had raised the price of its leukemia drug “to almost $199,000 a year.”

“Drug corporations’ greed is unbelievable,” Sanders tweeted.

Shortly after the tweet, Ariad’s stock lost 15 percent of its value — or $387 million dollars — its biggest intraday decline in over a year, according to Bloomberg.

~~~Now that is some POWER! You go Bernie! ~~~

http://thehill.com/blogs/blog-briefing-room/news/301128-sanders-tweet-causes-drug-company-to-lose-400m-in-a-day

[Donkees]

1. He was responding to this article...

"What outrage? Ariad raises price of its leukemia drug four times so far this year"
https://www.statnews.com/pharmalot/2016/10/07/ariad-riases-leukemia-drug-price/

“This drug has a tattered history,” said Dr. Peter Bach, who heads the Center for Health Policy and Outcomes at Memorial Sloan-Kettering Cancer Center. “If the drug works well and has a good side effect profile, it should have a higher price. But there have been signals about problems. So both of things can’t be true, yet there’s no downward pressure on price. They just decide what they think they can get away with and serially raise the price every few months.”

These price hikes, however, are fueling Wall Street.

[Omaha Steve]

2. K&R!