Published On: Wed, Sep 23rd, 2015

Turing Pharmaceuticals CEO lowers $750-per-pill price of drug after public outrage

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(NEWSER) – The drug company CEO called the “most hated man in America right now” by the BBC says he’s misunderstood—but that he’ll lower the price of Daraprim in response to the firestorm of criticism. “There were mistakes made with respect to helping people understand why we took this action,” Turing Pharmaceuticals chief Martin Shkreli, who raised the price of the toxoplasmosis drug from $13.50 a pill to $750, tells NBC News. “I think that it makes sense to lower the price in response to the anger that was felt by people.” The 32-year-old former hedge fund boss says it’s “very easy to see a large drug price increase and say, ‘Gosh, those people must be gouging,'” but that drug pricing is “very hard stuff” for people to understand.

Source: Turing Pharmaceuticals CEO Martin Shkreli Backs Down, Lowers Price of Daraprim

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