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Apple News In Conversation

Why a 25-cent pill is being sold to cancer patients for nearly $1,000

Apple News In Conversation

Apple News

News Commentary, News

4.61.3K Ratings

🗓️ 29 May 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

When ProPublica health-care reporter David Armstrong was diagnosed with a rare blood cancer, he began taking a lifesaving drug called Revlimid. When he learned that each pill of this medication is sold for nearly $1,000 but costs drug companies only cents to make, he went on a quest to uncover the reasons behind its shocking price tag. Armstrong sat down with Apple News In Conversation host Shumita Basu to talk about his investigation into Revlimid’s origins and what it reveals about prescription-drug pricing in America.

Transcript

Click on a timestamp to play from that location

0:00.0

This is In Conversation from Apple News. I'm Shemitabasu. Today, why a 25-cent pill is being sold to cancer patients for hundreds of dollars. In early 2023, journalist David Armstrong started feeling pains in his abdomen.

0:26.6

At first, he dismissed them as muscle cramps, and he tried to ignore them for a few weeks, but they kept getting worse.

0:33.7

And then one February morning, things took a turn.

0:36.9

I woke up and I literally couldn't get out of bed. They were just excruciating. I had to grip the wall to stand up.

0:43.1

So David went to the ER and scans showed holes and weakened spots in David's bone.

0:48.8

Areas where tissue had been destroyed.

0:51.4

Pretty much from there, they knew that I had multiple myeloma, which is a blood cancer.

0:56.0

There was some more test to confirm it.

0:57.9

But that's the day I found out that I had this particular cancer.

1:01.9

David was shaken.

1:03.4

Multiple myeloma is a rare, incurable blood cancer.

1:07.5

Decades ago, the prognosis was grim.

1:09.9

The life expectancy of a newly diagnosed patient

1:12.3

was three to five years. But David learned about a medication that could help, a drug called

1:18.1

Revlimid. It costs just 25 cents to make one pill, but it's sold to cancer patients like David

1:24.4

for nearly $1,000. I mean, I just thought that couldn't be.

1:29.3

The sheer difference between the cost of the pill to make

1:34.3

and the cost that my health plan was paying just really startled me.

1:39.3

David has been a health care reporter for years,

1:42.4

and in a recent piece for ProPublica, he takes a deep dive

1:45.8

into why Rev Limit and other prescription drugs cost so much in the U.S., despite relatively

1:51.7

low manufacturing costs. I sat down with David to hear about his quest to learn the reason for

...

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