How Turing’s Controversial $750 Pill Could be Eclipsed by a $1 Rival

LadyofProcrastination

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By Eric Pianin

 

October 23, 2015

Democratic presidential frontrunner Hillary Clinton called him an outrageous drug “price gouger.” GOP frontrunner Donald Trump dismissed him as “a spoiled brat.” And Sen. Bernie Sanders rejected his campaign contribution as soiled money.

Martin Shkreli, the cocky, 32-year-old former Wall Street hedge fund manager and owner of Turing Pharmaceuticals, caused a national furor recently after he acquired the rights to a drug called Daraprim for treating parasitic infections and then jacked up the price by 5,000 percent – from $13.50 a tablet to $750.


Related: The Feds Finally Make a Move on Soaring Drug Prices


The drug has been on the market for more than 60 years, and the Infectious Disease Society of America and others have estimated that it would cost $336,000 a year to treat someone with toxoplasmosis at $750 per pill, according to reports.

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Daraprim priced at just $1 / pill a few years ago has now spiked to $750 per pill. All thanks to the parasitic price gouging Big Pharma CEO Martin Shkreli, who calls it a bargain!

 NaturalNews

 

Outrageous Big Pharma greed on parade as $1 pill for treating fatal infection suddenly skyrockets to $750 PER PILL!

Tuesday, September 22, 2015

by Mike Adams, the Health Ranger

(NaturalNews) The total greed of Big Pharma is on parade this week as a company called Turing Pharmaceuticals took ownership of a lifesaving medication that treats parasitic infections like malaria. The pill -- mostly purchased by AIDS and cancer patients -- used to cost $1 each. But now, thanks to Turing Pharmaceuticals and its profiteering CEO Martin Shkreli, each pill will cost you $750.
Remarkably, The New York Times even covered the story, reporting, "Specialists in infectious disease are protesting a gigantic overnight increase in the price of a 62-year-old drug that is the standard of care for treating a life-threatening parasitic infection."
"The drug, called Daraprim, was acquired in August by Turing Pharmaceuticals, a start-up run by a former hedge fund manager. Turing immediately raised the price to $750 a tablet from $13.50, bringing the annual cost of treatment for some patients to hundreds of thousands of dollars."
This drug was priced at just $1 a few years ago. It went up to $13.50 over the last decade or so, and now has spiked to $750 per pill. This means a single treatment course could cost more than buying a home.







This is all explained by the "Taiwanese animators" in this highly educational animated short video:

Big Pharma greed on parade and out of control

Why is Turing Pharmaceuticals charging $750 a pill? Because they CAN. Like every other drug company in the world, they're going to gouge the consumer and extract the maximum dollars possible. Big Pharma is really about the profits, you see, and not at all interested in "helping humanity" as their ridiculous TV ads claim.

Is it any wonder that 1 out of every 5 dollars spent in the U.S. economy is spent on "sick care" costs? Check out the following chart that shows how different countries spend money in different ways. Care to guess which country spends the most on health care? The United States by a long shot!


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