Amarin Corp Plc (AMRN)

[sts66]

Whoaboy - those generic makers are in serious, serious trouble - this is going to cost them billions - they're guilty of Medicare fraud, about the worst kind of fraud you can commit in healthcare - the Feds are absolute bulldogs when it comes to that. Go git 'em boys! This news ain't new to me, but really gets my goat, because doxycycline, the first line of defense against Lyme disease, is one of the drugs that they colluded on to raise the price by hundreds of percent. Oh, wait - it was THOUSANDS of percent:

In late 2013, a three-week course of treatment (two 100-milligram tablets per day), cost $10 to $20 at Island pharmacies. By the summer of last year, that prescription cost $210 to $250, and remains at that level according to those familiar with the local market. Even those covered by prescription insurance were hit by price hikes, as insurers reclassified the drug to a higher cost tier and charged higher co-pays.

According to a U.S. House committee investigating price hikes in several generic drugs, the average wholesale price of 500 tablets in October 2013 was $20. Seven months later, the average wholesale price for the same amount was $1,849, an increase of more than 8,000 per cent.