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Danish pharma leader grilled in US

Luke Roberts
October 6th, 2020


This article is more than 4 years old.

Israeli company accused of taking advantage of US pricing system

Teva’s CEO was called in front of a committee in the US to answer questions on the “unreasonable” pricing of its products (photo: News Oresund)

Kåre Schultz, the Danish chief executive of Israeli pharma giant Teva, was last week grilled in the US House of Representatives over the company’s decision to raise the price of its products in the country.

Alongside two other industry leaders, Schultz was questioned for nearly four hours as politicians demanded answers regarding what they consider to be unreasonable price hikes over a number of years.

Prepare a little next time 
He was congratulated by Democratic politician John Sarbanes for his inability to answer their questions.

“According to my estimates, you have answered around 50 percent of our questions by saying that you were not at the company at that time,” said Sarbanes.

“It would have been nice if you had been a little better prepared.”

Silent on sclerosis 
Schultz was there in relation to Copaxone, a pharmaceutical produced by Teva that is used to treat relapsed forms of multiple sclerosis. His interrogation comes as part of a much wider investigation into pharmaceutical prices in the US.

Teva launched Copaxone in 1997 and raised its price 27 times over the following years.

The committee concluded that the firm targeted the US as the federal government cannot negotiate drug prices: in 2015, the net price for Copaxone was 126 US dollars per day in the US, compared to 33 US dollars in Germany and 18 US dollars in Russia.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”