Infamous pharma company declares bankruptcy after 3,900% price hike

Cream prices “led to public scrutiny” and “increased prescription rejection rates.”

Man wipes really expensive cream from his face.

Enlarge / Man wipes really expensive cream from his face. (credit: Getty | Boston Globe)

The Chicago-based pharmaceutical company that made headlines in 2016 for dramatically raising the price of cheap skin creams has now filed for bankruptcy. The filing cites, in part, profit-scorching backlash from the price increases, the Chicago Tribune reports.

In September of 2016, Ars reported that the company, Novum Pharma, had repeatedly raised the price of an old, cheap skin cream, bringing its list price from $241.50 to $9,561 a tube—a 3,900 percent increase total. The cream, called Aloquin, is “possibly effective” for treating eczema and acne, according to the Food and Drug Administration. It’s composed of a generic antibiotic and extracts from the aloe vera plant.

Novum raised Aloquin’s price after acquiring the rights to it from Primus Pharmaceuticals in May of 2015. The company similarly raised the price of another skin cream, Alcortin A, to $7,142, the Financial Times reported at the time.

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Putting Red Dead Redemption 2’s 23 million shipments in context

About 100 days out, Rockstar’s Western is in some exclusive sales company.

It seems like every few weeks, some major publisher puts out an earnings call or press release trumpeting some ridiculously large number of sales for its latest big-budget blockbuster. This week it's Take Two, which yesterday announced that Red Dead Redemption 2 has shipped 23 million copies since its October 26 launch last year.

That's the kind of really big number that defies easy comprehension in an everyday human scale. So to put that number in context, we decided to put it next to some other really big numbers from the game industry's past. As you can see, Red Dead Redemption 2 is selling at or above the pace for some of gaming's biggest franchises.

See also: Our previous contextual looks at Nintendo Switch sales.

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Lonely black holes revealed by passing gravitational waves

Black hole mergers may reveal large black holes in the foreground. 

22 January 2019, Lower Saxony, Sarstedt: Lower Saxony's science minister Björn Thümler (l, CDU) and Karsten Danzmann, director at the Max Planck Institute for Gravitational Physics (Albert Einstein Institute) are in the GEO600 detector. The German-British GEO600 detector in Ruthe near Sarstedt south of Hanover is a highly sensitive measuring device and has contributed to the spectacular detection of gravitational waves. The proof of gravitational waves was awarded the Nobel Prize in 2017. Photo: Julian Stratenschulte/dpa (Photo by Julian Stratenschulte/picture alliance via Getty Images)

Enlarge / 22 January 2019, Lower Saxony, Sarstedt: Lower Saxony's science minister Björn Thümler (l, CDU) and Karsten Danzmann, director at the Max Planck Institute for Gravitational Physics (Albert Einstein Institute) are in the GEO600 detector. The German-British GEO600 detector in Ruthe near Sarstedt south of Hanover is a highly sensitive measuring device and has contributed to the spectacular detection of gravitational waves. The proof of gravitational waves was awarded the Nobel Prize in 2017. Photo: Julian Stratenschulte/dpa (Photo by Julian Stratenschulte/picture alliance via Getty Images) (credit: Picture Alliance | Getty Images)

Today is a good day: I learned something new. Many of you have probably heard of gravitational lensing of light (if not, don’t worry, I will inflict an explanation on you below). But it never occurred to me that gravitational waves are also subject to gravitational lensing. Not only that, but unexpectedly, the current generation of gravitational wave observatories might be able to observe gravitational lensing. If this turns out to be the case, all sorts of small, heavy dark objects might be revealed.

Specsavers don’t stock these lenses

One of Einstein’s predictions for general relativity was that light would be bent by a gravitational field. In effect, every planet, star, and galaxy bends light to a greater or lesser degree. We have used this effect to our advantage: distant galaxies provide lenses that allow us to see objects far beyond the galaxy itself. In some cases, distant objects appear as a ring around the lensing galaxy.

This effect is due to mass' distortion of space-time, and it will happen to any waves that pass nearby. Gravitational waves are just another form of wave, and, yes, they are also subject to gravitational fields from nearby masses. That means that a source of gravitational waves that passes through a lens should produce a similar ring of gravitational wave images as well.

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System76 Darter Pro Linux laptop now available for $999 and up

The new Darter Pro isn’t the smallest laptop from Linux computer company System76. But it is the thinnest and lightest model the company offers with a 15.6 inch display. Weighing 3.6 pounds and measuring about 0.8 inches thick, it’s bigger …

The new Darter Pro isn’t the smallest laptop from Linux computer company System76. But it is the thinnest and lightest model the company offers with a 15.6 inch display. Weighing 3.6 pounds and measuring about 0.8 inches thick, it’s bigger and heavier than the company’s 2.9 pound, 0.7 inch Galago notebooks. But it has a bigger […]

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Trump doesn’t mention coal in State of the Union

EIA’s projections show that even without the Clean Power Plan, coal is on the decline.

The Black Thunder mine in Wright, Wyoming produces 90 million tons of coal a year, which is distributed by rail throughout the country.

The Black Thunder mine in Wright, Wyoming produces 90 million tons of coal a year, which is distributed by rail throughout the country. (credit: Robb Kendrick)

In President Trump's State of the Union speech last night, he didn't mention coal once, while touting oil and natural gas as having "unleashed a revolution in American energy."

The president, who has baselessly challenged the science behind climate warnings, was not expected to address renewable energy or climate change. But his omission of coal in his speech last night was notable, given that he campaigned vigorously on bringing back coal.

Just one year ago, in his 2018 State of the Union address, the president claimed that his administration “ended the war on beautiful, clean coal.”

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We look at the “witchcraft” behind why dowsers usually find water

Our video explains why understanding geology beats medieval superstition.

You might be surprised to find out that a medieval superstition remains a viable business to this day, but it's true. Dowsers, also known as water witches, claim to be able to find water flowing under ground simply by holding sticks and walking around a property. They charge a fee to tell you where to dig wells.

Dowsers have been around for millennia, and you can still hire them today—they even have a professional society in the US (and no, we're not going to link it). What can explain this persistence?

As you'll see in our video, they're actually preying on ignorance. If there's any ground water present at all, geology dictates that it's going to be hard to miss if you dig a well. As a result, dowsers can tell you to dig your well just about anywhere, and you can be assured that the service will "work," in that you'll find some water. As our own Scott Johnson says, it's like hiring someone to tell you which window to open to find some air.

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Verwaltungsgericht Köln: Auch Telekom erwägt Eilantrag gegen 5G-Auktion

Nach dem Eilantrag der Telefónica gegen die 5G-Auktionsregeln kennt auch die Telekom kein Halten mehr. Das zur Auktion stehende Spektrum werde den Netzbetreibern erst ab Ende 2020 zugeteilt, daher habe die Klage keine Verzögerung des Netzausbaus zur Fo…

Nach dem Eilantrag der Telefónica gegen die 5G-Auktionsregeln kennt auch die Telekom kein Halten mehr. Das zur Auktion stehende Spektrum werde den Netzbetreibern erst ab Ende 2020 zugeteilt, daher habe die Klage keine Verzögerung des Netzausbaus zur Folge, betont Telefónica-Chef Markus Haas. (5G, Telekom)

Article 13 Moves Forward With French-German Deal

After a short hiatus, discussions on the new EU copyright law proposals are moving forward again. France and Germany have reached a deal on which services should be bound to Article 13. Opponents fear that the plan will lead to broad upload filters, but the EU’s copyright rapporteur notes that it’s necessary to defend copyright holders from large US platforms.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN reviews, discounts, offers and coupons.

After years of discussions, the EU’s copyright reform plans are in the final stages.

Last month there was a temporary hiccup when negotiations were canceled after member states failed to agree on various crucial elements.

However, that was never expected to be the end of it. And indeed, following a deal between Germany and France this week, things are moving forward once again.

Both countries previously disagreed on the scope of Article 13. This article requires service providers to license content from copyright holders or, if that’s not an option, to make sure that infringing material isn’t re-uploaded to their servers.

France and Germany agreed on these basics, but not on which services should be bound by it. France argued that commercial companies of any size should be covered, while Germany preferred to exclude small services with less than €20 million in annual turnover.

This week the countries came together to reach a compromise. The new deal, made available via Politico, excludes companies if they fit within a set of three clear boundaries.

If a service is publicly available for less than three years, with fewer than 5 million monthly unique visitors, and an annual turnover of less than €10 million, it is excluded.

Companies that are excluded will still have to do their best to obtain licenses from rightsholders. However, they will not be forced to prevent infringing content from being re-uploaded.

While the compromise protects smaller startups, Pirate Party MEP Julia Reda warns that it’s actually worse than some of the earlier proposals. The new obligations would also apply to older forums, including those of Ars Technica and Heise.de, she warns.

“Countless apps and sites that do not meet all these criteria would need to install upload filters, burdening their users and operators, even when copyright infringement is not at all currently a problem for them,” Reda notes.

The Pirate Party MEP calls on the public to share these concerns with their representatives, making it clear to them that Article 13 puts the future of the Internet at stake.

EU copyright rapporteur Axel Voss, who’s one of the driving forces behind the plans, clearly disagrees. He believes that Article 13 and other proposals are needed to make sure that copyright holders get the money they deserve.

In an op-ed in Parliament Magazine, Voss argues that Internet services are using their ‘safe harbor’ protections to escape liability and profit handsomely from distributing copyrighted material, while rightsholders don’t get proper compensation.

“This cannot continue to apply. The platforms do much more than simply providing the infrastructure, which is why they can make the profits that they do,” Voss writes.

Interestingly, the EU’s copyright rapporteur goes on to stress that, even though European companies are directly affected by Article 13, US-based services are the real target here.

“Do we want to protect the creative sector in Europe, or do we want to leave it defenseless against the large US platforms? What is the value of our Europe’s creative industry to us?” the op-ed reads.

With the new deal between France and Germany in hand, the Council will try to agree on a unified negotiation position for the final trilogue negotiation. If an agreement is reached there, the EU Parliament will vote on it a few weeks later.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN reviews, discounts, offers and coupons.

Sony’s 2019 smartphone lineup could include a phone with slim bottom bezel (but a big one on top)

Sony hasn’t been a major player in the global smartphone market for a while, but the company does still make some interesting phones… even if they tend to lag behind the competition when it comes to innovative design features. But this coul…

Sony hasn’t been a major player in the global smartphone market for a while, but the company does still make some interesting phones… even if they tend to lag behind the competition when it comes to innovative design features. But this could be the year Sony does something surprising, by launching a phone that doesn’t […]

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EU-Urheberrechtsreform: Die Uploadfilter sollen doch noch kommen

Die Verhandlungen über die umstrittene EU-Urheberrechtsreform galten als gescheitert. Nun soll sie ein Kompromiss zwischen Frankreich und Deutschland retten. Von Eike Kühl (Uploadfilter, Urheberrecht)

Die Verhandlungen über die umstrittene EU-Urheberrechtsreform galten als gescheitert. Nun soll sie ein Kompromiss zwischen Frankreich und Deutschland retten. Von Eike Kühl (Uploadfilter, Urheberrecht)