Beware The 'Pitchforks,' Pharma

While lawmakers on March 17 spent another day on Capitol Hill beating up on Turing Pharmaceuticals Inc., it was the model that company and other firms like Retrophin Inc. and Valeant Pharmaceuticals International Inc. base their businesses on – buying up sole-source medicines and significantly raising their prices, rather than engaging in research and development activities – that was under scrutiny at the Senate Special Committee on Aging.