Penicillin, the first of the antibiotic wonder
drugs, is now a drug on the market. In the past few months, the
manufacturer's price has been cut in half to less than 2¢ per 100,000
units in bulk. The case of penicillin was a fine example of how a free
and competitive market can be a wonder drug of its own, by forcing
prices down and passing on savings to the consumer.
To continue reading: or Log-In
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $30! Best Deal!
Print Magazine + Digital Edition +
Subscriber-only Content on TIME.com
Learn more about the benefits of being
a TIME subscriber
If you are already a subscriber sign up — registration is free!