A Chinese drug sold at 1,300 percent profit
By IANSMonday, May 17, 2010
BEIJING - A cancer patient in China’s Hunan province had to pay 213 yuan for a medicine that cost just 15.5 yuan ($2.2) to the manufacturer, generating a mind-boggling profit of 1,300 percent.
The patient, a resident of Changsha of Hunan province, was suffering from ovarian cancer. Her doctor told her to buy Lusun Pian for 213 yuan per bottle, China Daily reported Monday.
She later found out the medicine cost only 15.5 yuan per bottle to the manufacturing company.
Beijing News said the hospital bought the drug at 136 yuan, the guiding price for the medicine in Hunan province, from drug sales representatives who bought them at between 30 and 40 yuan.
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