Steve Rattner Documents How Patents Lead to Cesspool of Corruption in Pharmaceutical Industry

Monday, 01 July 2013 04:33

Rattner shows how a small drug company, Jazz Pharmaceuticals, is making a fortune by charging as much as $60,000 a year for a drug it purchased which is a treatment for narcolepsy. As Rattner outlines, government-granted patent monopolies, by allowing companies to charge prices that can be several hundred or thousand times the free market price, provide an enormous incentive for corrupt practices.