Alva Review-Courier -

Exec pushes back against drug hike 'moral requirement' quote

 

September 14, 2018



KANSAS CITY, Mo. (AP) — The head of a small Kansas City pharmaceutical company is defending himself after a financial publication reported that he said he had a "moral requirement" to raise the price of a 65-year-old antibiotic by 400 percent.

Nostrum Laboratories founder Nirmal Mulye said his comments to the London-based Financial Times were taken out of context, The Kansas City Star reports. The Financial Times has said it sticks by its story, which led to a sharp rebuke from Food and Drug Administration Commissioner Scott Gottlieb and others. Mulye said he has received threats.

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