DRUGS: Going Down

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.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $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!