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DewDiligence

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DewDiligence

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Re: jq1234 post# 177531

Saturday, 06/21/2014 5:39:48 PM

Saturday, June 21, 2014 5:39:48 PM

Post# of 257262
NYT cover story on payers’ machinations to reduce US drug prices:

http://www.nytimes.com/2014/06/21/business/health-plans-bring-pressure-to-bear-on-drug-prices.html

There’s nothing here that we haven’t discussed on this board (e.g. the erosion of US Advair sales in #msg-101502988). The article mentions the HCV market in passing, but the NYT author (Andrew Pollack) misinterprets Rick Gonzalez’s comments from ABBV’s 1Q14 CC (just as happened contemporaneously—see #msg-101124948).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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