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Black Market Selling Life-Saving Medicine At 500 Times Markup

Black Market Selling Life-Saving Medicine At 500 Times MarkupThe mother of a 22-month-old child who suffers from epileptic spasms was quoted a price of 8000 RMB for two packets of corticotropin (ACTH) that is effective against the condition by a medicine scalper, despite the retail price to be 7.8 RMB/packet. The huge black market price is caused by the lack of demand for the medicine and its fixed low price, which results in many profit-seeking hospitals and suppliers unwilling to stock it. Wuhan Union Hospital doctor Chen Shu said that medicines need to be opened up to the free market to ensure reasonable prices and reliable supplies, to which many netizens agreed.

Source: qq

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