Biotech Values

[tony111]

Xrymd,

Is KG really cutting's its bovine thrombin price by 30% for multi year contracts? What I heard before was a 10-15% reduction in price.



Kevin DeGeeter, an analyst at Oppenheimer & Co., said, there were signs that King Pharmaceuticals was aggressively cutting the price of its product. While King Pharmaceuticals charges an average wholesale price of $72 a vial, he said, channel checks showed that King Pharmaceuticals was offering its product for $45 to $50 if clients signed multiyear contracts. Recothrom costs wholesalers $86 a vial.