8 years ago
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$750/pill pharma company reverses decision to lower drug price
Turing Pharmaceuticals AG will not reverse its decision to raise the price of a decades-old drug, Daraprim, by more than 5,000 percent, backing out of previous statements that it would cut the cost by the end of the year. In an announcement on Tuesday, the company said that the list price of Daraprim, which jumped from $13.50 a pill to $750 a pill earlier this year, will not change. Instead, the company will offer hospitals up to 50 percent discounts and will make...
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http://arstechnica.com
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Ugh, I wonder how long their policies to mitigate the costs of the pill will stand, and if they're just hiking the price of this pill as just the beginning to see what they can get away with.