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U.S. Senator Calls for CMS Probe of 12,400% Drug Price Hike
Health Leaders Media

A U.S. Senator is accusing URL Pharma Inc. of price gouging after the pharmaceutical company raised the price of its exclusive gout treatment drug from 4 cents per pill to $5 per pill, an increase of 12,400%.

Sen. Sherrod Brown (D-OH) has asked Philadelphia-based URL Pharma to reconsider it price hike for the drug colchicine, sold under the brand name Colcrys. Brown has also asked Centers for Medicare & Medicaid Services Acting Administrator Donald Berwick, MD, to investigate the impact of the price hike on the 3 million Americans – many of them senior citizens – who use colchicine to treat their gout, and the potential financial hit for Medicare.