Katie Porter lambasts big pharma over cancer drug price hike using whiteboard calculations

US representative Katie Porter used her now-signature whiteboard as she grilled former Celgene CEO Mark Alles over the connection between the significant price hike for Revlimid - a common cancer drug - and his personal bonus.

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The Democratic congresswoman for California presented her argument during a House oversight and reform committee hearing that centred on an 18-month investigation into pharmaceutical price gouging. The drugmakers defended the price hikes as the cost of doing research and development and talked about price-reduction programs that their companies offer

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