skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Origins of the insulin crisis: how a century of price-fixing controversies affects the cost of care today

The Lancet (British edition), 2021-11, Vol.398 (10313), p.1793-1795 [Peer Reviewed Journal]

2021 Elsevier Ltd ;2021. Elsevier Ltd ;ISSN: 0140-6736 ;EISSN: 1474-547X ;DOI: 10.1016/S0140-6736(21)02402-8

Full text available

Citations Cited by
  • Title:
    Origins of the insulin crisis: how a century of price-fixing controversies affects the cost of care today
  • Author: Strodel, Rachel J ; Greene, Jeremy A
  • Subjects: Antitrust ; Arrests ; Committees ; Commodities ; Competition ; Consumers ; Corporate profits ; Diabetes ; Fair trade ; Federal agencies ; Insulin ; Legislation ; Manufacturers ; Pharmaceutical industry ; Prescription drugs ; Prices ; Retail stores ; Trade agreements
  • Is Part Of: The Lancet (British edition), 2021-11, Vol.398 (10313), p.1793-1795
  • Description: Several attempts were made during the first half of the insulin century to solve this problem: first, in the 1920s and 1930s through use of patents and licensing; second, in the 1940s through price-fixing investigation by the US Department of Justice; and third, in the 1950s through attempts to reform fair-trade laws that permitted manufacturers and retailers to set minimum prices. In February, 1941, the US Department of Justice launched an investigation into insulin pricing among Eli Lilly and Company, Sharp and Dohme Inc, and E R Squibb and Sons. Yet the evidence of anti-competitive practices was strong, and Eli Lilly and Company eventually pleaded nolo contendere to charges of price fixing along with the other defendants. “In the drug industry, for instance”, US Assistant Attorney General H Graham Morison testified before the Committee on Interstate and Foreign Commerce and the Antitrust Subcommittee of the Committee on the Judiciary, “when such an agreement is entered into for a given commodity, it is customary for most, if not all, of the leading manufacturers producing that commodity to sign similar contracts”.
  • Publisher: London: Elsevier Ltd
  • Language: English
  • Identifier: ISSN: 0140-6736
    EISSN: 1474-547X
    DOI: 10.1016/S0140-6736(21)02402-8
  • Source: ProQuest One Psychology
    AUTh Library subscriptions: ProQuest Central
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait