Watch Katie Porter eviscerates pharmaceutical executives with a brutal whiteboard math lesson. John Iadarola and Jason Carter break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/
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"Rep. Katie Porter (D-Calif.) never wastes an opportunity to roast a CEO.
On Wednesday, three pharmaceutical executives, including former Celgene CEO Mark Alles, testified on drug pricing for the House Oversight Committee. While at the company, Alles saw a massive increase in the price of the cancer drug Revlimid — and Porter broke down just what it got Alles in return.
Porter started her takedown by asking Alles if he knew what a Revlimid pill cost in 2005: $215, she reminded him with the help of a whiteboard. And by the time Alles left the company late last year, after its sale to Bristol-Myers Squibb, a single Revlimid pill cost $763. "Did the drug get substantially more effective in that time? Did cancer patients need fewer pills?" Porter questioned, trying to figure out why Celgene upped the price. Alles answered by saying Revlimid proved effective in more patients. "So you discovered more patients who might benefit from paying $763 a pill?" Porter rhetorically responded, outlining how the average senior in her district couldn’t even afford one pill."
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