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posted by Fnord666 on Monday May 13 2019, @07:41AM   Printer-friendly
from the naughty-executives dept.

Submitted via IRC for Runaway1956_

Leading drug companies including Teva, Pfizer, Novartis and Mylan conspired to inflate the prices of generic drugs by as much as 1,000 percent, according to a far-reaching lawsuit filed on Friday by 44 states.

The industrywide scheme affected the prices of more than 100 generic drugs, according to the complaint, including lamivudine-zidovudine, which treats H.I.V.; budesonide, an asthma medication; fenofibrate, which treats high cholesterol; amphetamine-dextroamphetamine for A.D.H.D.; oral antibiotics; blood thinners; cancer drugs; contraceptives; and antidepressants.

"We all know that prescription drugs can be expensive," Gurbir S. Grewal, the New Jersey attorney general, said in a statement. "Now we know that high drug prices have been driven in part by an illegal conspiracy among generic drug companies to inflate their prices."

In court documents, the state prosecutors lay out a brazen price-fixing scheme involving more than a dozen generic drug companies and just as many executives responsible for sales, marketing and pricing. The complaint alleges that the conspirators knew their efforts to thwart competition were illegal and that they therefore avoided written records by coordinating instead at industry meals, parties, golf outings and other networking events.

Source: https://theinformationsuperhighway.org/generic-drugmakers-conspired-to-inflate-prices-up-to-1000-state-prosecutors-say/


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  • (Score: 1, Interesting) by Anonymous Coward on Monday May 13 2019, @11:58AM (9 children)

    by Anonymous Coward on Monday May 13 2019, @11:58AM (#842963)

    "Re:In other news, Moon is found to orbit Earth"

    Actually it doesn't. The Moon never goes retrograde with respect to the Sun. If you plot the orbit of the Moon and the Earth from the perspective of far above the plane of the ecliptic the Earth will be a slightly wavy line around the Sun. The Moon will be more wavy, and will cross the Earth track about 26 times per circuit. When farther out than Earth it goes slower, and when closer it goes faster, but it never goes backwards.

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  • (Score: 3, Funny) by RS3 on Monday May 13 2019, @02:02PM

    by RS3 (6367) on Monday May 13 2019, @02:02PM (#843007)

    Wrong, Copernicus, you evil heretic! Off with your head! Next you'll be telling us the Earth is not flat!

  • (Score: 2) by Immerman on Monday May 13 2019, @02:09PM (4 children)

    by Immerman (3985) on Monday May 13 2019, @02:09PM (#843010)

    That's simply a geometric coincidence of the relative orbital speeds of the Earth and moon though. It's orbit is well within the Earth's Hills Sphere, which means that the Earth's gravity strongly dominates all other gravitational influences. If we magically teleported the Earth-moon system to an orbit much further from the sun, the moon would continue to orbit the Earth in the same manner, but due to the lower speed around the sun it's path would trace a more typical looping "Spirograph" path.

    • (Score: 2) by FatPhil on Wednesday May 15 2019, @06:25AM (3 children)

      by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Wednesday May 15 2019, @06:25AM (#843707) Homepage
      If we magically teleported the earth to an orbit much further out, the sun-moon system would continue to have the moon orbitting in the same manner.

      At no point is the moon's acceleration vector pointing particularly far away from the sun. Which means at moon's perihelion, it's pointing directly away from the earth. (Easy to see, it's more than 1/400 AU away, so r^2 are in proportion <160000, and the Sun/Earth mass ratio is a >300000. Sun wins.)
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
      • (Score: 1) by khallow on Wednesday May 15 2019, @10:51AM (2 children)

        by khallow (3766) Subscriber Badge on Wednesday May 15 2019, @10:51AM (#843766) Journal

        If we magically teleported the earth to an orbit much further out

        If we magically teleported the Earth-Moon system out of the light cone of the Sun so that the Earth is in no way orbiting the Sun, we'd still have the Moon orbiting Earth.

        At no point is the moon's acceleration vector pointing particularly far away from the sun.

        Which is irrelevant. No one has yet claimed that the Earth-Moon system isn't orbiting the Sun, nor, aside from one AC, that this acceleration vector is at all relevant to the question of whether the Moon orbits the Earth.

        • (Score: 2) by FatPhil on Wednesday May 15 2019, @09:59PM (1 child)

          by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Wednesday May 15 2019, @09:59PM (#843983) Homepage
          Fuxake.

          Someone posted something that countered a prior claim that the moon is actually orbitting the sun. I was uncountering that counter.
          --
          Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
          • (Score: 1) by khallow on Wednesday May 15 2019, @11:49PM

            by khallow (3766) Subscriber Badge on Wednesday May 15 2019, @11:49PM (#844025) Journal

            Someone posted something that countered a prior claim that the moon is actually orbitting the sun. I was uncountering that counter.

            Sounds like you were wasting your time. I'll note that the prior claim that the Moon was actually orbiting the Sun, was also that the Moon wasn't orbiting Earth, which is a nonsensical statement to make.

            And if you were attempting to counter Immerman's claim "the moon would continue to orbit the Earth in the same manner, but due to the lower speed around the sun it's path would trace a more typical looping "Spirograph" path", you would be wrong. The shape of the Moon's trajectory around the Sun is due to the high speed of Earth's orbit around the Sun relative to the Moon's orbit around the Earth. Being further away from the Sun would result in that Spirograph trajectory and a higher variation in the acceleration history, including some acceleration away from the Sun.

  • (Score: 3, Interesting) by HiThere on Monday May 13 2019, @07:42PM (2 children)

    by HiThere (866) Subscriber Badge on Monday May 13 2019, @07:42PM (#843123) Journal

    The point is arguable. But one must admit that the center of revolution of the Earth-Moon system lies within the surface of the Earth, if only barely. I, personally, tend to consider the Earth-Moon system a double planet, but again, given the position of the center of mass this is disputable.

    --
    Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
    • (Score: 0) by Anonymous Coward on Monday May 13 2019, @09:22PM (1 child)

      by Anonymous Coward on Monday May 13 2019, @09:22PM (#843167)

      The earth moon system stands still and space rotates around it.

      • (Score: 0) by Anonymous Coward on Tuesday May 14 2019, @12:31AM

        by Anonymous Coward on Tuesday May 14 2019, @12:31AM (#843211)

        Me!

        The whole thing rotates around Me!

        Ahh, for the power to specify arbitrary reference points.