Egalet's 70% price increase shows the buy-and-hike strategy is alive and well

Think the entire pharma industry has moved past the old strategy of buying drug rights, jacking up prices and reaping the rewards? Think again.

Big Pharma may be limiting hikes to the single digits, but some smaller drugmakers aren't shying away from the buy-and-hike strategy that's triggered public outrage in the past. Consider Egalet, which recently bought several pain meds from Iroko Pharmaceuticals and immediately filed for bankruptcy.