www.fdanews.com/articles/188421-mccaskill-demands-explanation-for-nostrums-price-hike
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McCaskill Demands Explanation for Nostrum’s Price Hike
September 17, 2018
Sen. Claire McCaskill (D-Mo.) called on Nostrum Pharmaceuticals, a drugmaker with facilities in Kansas City, to explain a reported 400 percent price hike in its bladder infection treatment, nitrofurantoin.
The lawmaker wrote the company a letter demanding an explanation after the Financial Times last month reported it had sharply increased the price from $474.75 to $2,392 for a bottle of the antibiotic, according to Elsevier’s Gold Standard drug database.
“This is a shocking price increase for a generic antibiotic that was first approved by the FDA in 1953,” McCaskill said in her letter to Nirmal Mulye, CEO and chairman of Nostrum Laboratories, nitrofurantoin’s manufacturer and a subsidiary of Nostrum Pharmaceuticals.