With more people across the U.S. faced with the unpleasant fact that healthcare and pharmaceutical costs are exceptionally high and continuing to grow, KaloBios Pharmaceuticals, Inc. (OTC: KBIO) is taking a step closer to positive change with new, innovative, and responsible pricing models.
The company is leading a new way of thinking regarding how medicines are priced, and how to tackle neglected and rare diseases. KBIO is advancing treatments and medicines for patients through innovative and responsible business models, leading by example with concrete operational changes, such as its Responsible Pricing Model.
This model was recently recognized in an article entitled ‘Will Investors Reward Drugmakers That Limit Price Increases?’ by Medical Marketing & Media (http://dtn.fm/B2wha). The article highlights the problems that healthcare systems are facing, with the Epipen as an example, voicing a common professional medical investor fear that “this parade of pricing scandals makes us look like a pack of scoundrels. Sure, the EpiPen is a marvel. But that doesn’t mean it should be unaffordable! For a small number of patients, Daraprim can be life-saving. But that shouldn’t mean you should hike its price overnight by 50-fold!”
The article continues with an explanation of KaloBios’ new incentive to confine its revenue expectations to a “reasonable return.” With this in mind, KaloBios believes that, to achieve real transformation in the way the healthcare system operates as well as among patients and stakeholders, transparency and collaboration are key.
KaloBios Pharmaceuticals, Inc. is in the business of developing therapeutics for the treatment of cancer in the United States. The company’s Responsible Pricing Program means it is affordable to patients while maintaining a reasonable and transparent profit margin. KBIO does not make arbitrary price increases on its products, and keeps a close eye on inflation and the Consumer Price Index (CPI).
For more information, visit the company’s website at www.KaloBios.com
