‘Pharma Bro’ About To Lose His Shirt As Rival Makes $1 Alternative To His $750 Ripoff
“Pharma Bro” Martin Shkreli has been taught a lesson in business.
After his company Turing Pharmaceuticals bought Daraprim, a 60-year-old generic drug that is used by AIDS patients, he changed the price from $13.50 a pill to $750.
He faced immediate backlash from the entire Internet. Shkreli has since been ridiculed by Bernie Sanders, the mainstream media, and almost anyone who has a sense of compassion.
Now, Imprimis Pharmaceuticals has released a new form of Daraprim that they will market for $1 per pill.
Addicting Info reports:
Imprimis Pharmaceuticals, making no bones about why they created an alternative to Daraprim that will cost just under one dollar per pill, released this statement on their website:
“Last month, Turing Pharmaceuticals LLC, the sole supplier of Daraprim,increased the price of this prescription drug from $13.50 per tablet to a reported $750.00 per tablet. The FDA-approved label for Daraprim indicates that it is prescribed for toxoplasmosis and other types of infections. Toxoplasmosis can be of major concern for patients with weakened immune systems such as patients with HIV/AIDS, pregnant women and children. According to the Centers for Disease Control and Prevention, pyrimethamine works to block folic acid synthesis in the parasite T. gondii, the cause of toxoplasmosis, and leucovorin helps to reverse the negative effects on bone marrow caused by this mechanism of action.”
“Imprimis is now offering customizable compounded formulations of pyrimethamine and leucovorin in oral capsules starting as low as $99.00 for a 100 count bottle, or at a cost of under a dollar per capsule. Compounded medications may be appropriate for prescription when a commercially-available medicine does not meet the specific needs of a patient. For ordering information, please visit www.imprimiscares.com.”
Basically what just happened is Martin Shkreli just took the pharmaceutical and business world equivalent to a 92 mile-per-hour fastball to the nuggets. His $750 per pill exclusive just became the second choice of consumers by $749.
Photo credit: Dead State