Health and Fitness

Senator Sanders, Representative Cummings Send Letter on ARIAD’s Staggering Price Increases

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WASHINGTON–(ENEWSPF)–October 20, 2016 — Sen. Bernie Sanders (I-Vt.) and Rep. Elijah Cummings (D-Md.) sent a letter to ARIAD Pharmaceuticals, Inc. Thursday requesting information about why the company has increased the price of leukemia drug Iclusig four times in 2016 to $199,000 a year.

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ARIAD has raised the price of the drug by more than $80,000 over the last several years. Sanders and Cummings are also investigating whether the company took additional steps to boost profits…

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