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STAT Plus: Patient group asks BIO to denounce Catalyst over the $375,000 price of its rare disease drug

The controversy over a pricey rare-disease drug has ensnared the industry trade group for biotech companies, which is being challenged by a patent advocate to disavow “price gouging.”

In a letter to BIO chief executive Jim Greenwood, the Patients for Affordable Drugs wrote that the trade group has “an opportunity to disavow price gouging and exploitation of unrestrained market power” by Catalyst Pharmaceuticals, one of its members. The company has caused a furor over a drug with a $375,000 list price.

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