Drug Pricing Disparities Discussion

Think of it. We went from the highest price one year ago

— the highest priced drugs anywhere in the world, like the fat drug.

It cost — think of it.

Think of it.

It cost 1 400 in New York, and in London it was 87.

Okay?

I told you, I have a friend of mine. He's fat as — you never saw a guy like this.

He's a very smart guy. Scott knows him very well.

He's a great businessman, but highly neurotic.

Always eating. Eating — he does two things. He eats and he makes deals.

And the eating, he's not good at, other than quantity.

But the making — the making deals, he's very good. But he called me up.

He goes, you know, I'm not going to do that. You know, I buy this fat drug.

And now he calls me Mr. Pratt. He used to call me Donnie.

Donnie, I buy this fat drug.

And in New York, I pay 1 400.

And in London, I just paid 87. They said, You're so rich.

How do you even know? He said, I don't know. My people told me that.

And so he said, I went out and I had it checked. And it was from

the same exact company, the same plant, who was actually made in the United States,

the same everything.

He said, What the hell kind of a deal?

I'm paying like almost 10 times as much. I said, That's the system.

But it really awoken me and I said,

I got to do something about because he's right.

A pill that will sell for 10 in London or in Munich, 10 is selling

for 100 or 120 for a pill.

New York City or in Chicago,

Los Angeles or any other place.

And I said we got to do it's unfair.

And I called up the drug companies and they fought me and then they said

you're right. You know they had all sorts of excuses. Well we have to do research.

I said well you're doing research for other countries too, right?