Martin Shkreli needs no introduction, as he very quickly earned himself the title of “most hated man in America” after his company Turing Pharmaceuticals hiked the price of Daraprim 5,000%.
Not long after this, following a massive outcry and controversy, Shkreli vowed that Turing would “reconsider” the price of Daraprim.
Unsurprisingly, the “discount” the company has given is probably not what people in mind. After the price was raised 5,000%, Daraprim would have cost $750 per pill. Now, Turing Pharmaceuticals has announced that they will get the price by 50%. That sounds like a hefty price cut, but it still leaves patients paying $375 per pill.
Daraprim is used to treat the toxoplasma gondii parasite, which can cause seizures, blindness, and neurological damage in immuno compromised people. It is a common medication for people suffering from HIV.
It doesn’t end there, though. This so-called “discount” will only apply to hospitals, and they amount will depend on how much of the drug a patient uses. This basically means that if you use “too much” of the drug, you could be charged more and if you still need to use it after you’re out of hospital, you will have to pay the full price.
I fully expect the reaction from people to be about the same as before, and this move from Martin Shkreli and Turing Pharmaceuticals has already been slammed by the Human Rights Campaign.
HRC president Chad Griffin had this to say: “Martin Shkreli is not pulling the wool over anyone’s eyes. After increasing the price of Daraprim by 5,000 percent, he now proposes to gouge critically ill people upwards of $375 for a drug that used to cost just a few dollars.”
“His desire to turn a profit at any cost and brazen disregard for the well-being of the most vulnerable patients – including people with HIV and pregnant women – is appalling and contemptible. We continue to call on Congress, the Administration and the New York Attorney General to hold Turing Pharmaceuticals to account and do what is necessary to restore this life-saving treatment to its original price.”
Shkreli, I don’t think you know what discount means.