Oct 23, 2015

Drug company reveals $1 pill after Turing jacks prices 5,000% - Oct 23, 2015 CET (BIG Pharma's seven cardinal sins; Luxuria, Gula, Avaritia, Hubris... )

The company that hiked the price of its AIDS and cancer drug by 5,000 percent is facing something that could be even more damaging than public backlash: a competitor with an alternative drug that costs only $1 per pill.

The new drug by Imprimis Pharmaceuticals has been dubbed an alternative to Daraprim, which is currently produced by Turing Pharmaceuticals and recently saw its price hiked to $750 per pill – a 5,000 percent increase from its original price of $13.50. The company has faced severe backlash over the move.

“Today, some drug prices are simply out of control and we believe we may be able to help control costs by offering compounded alternatives to several sole source legacy generic drugs,” Imprimis CEO Mark Baum said referring to Turing’s price spike in a statement announcing the new drug.

According to Imprimis, the new drug is a compounded and customizable combination of the active ingredient in Daraprim, called pyrimethamine, and leucovorin, which helps “reverse negative effects on bone marrow caused by” the first ingredient. The drug may not be perfect for every patient using Daraprim, but the company said it could be a good fit for those needing a solution not available on the commercial market.

Most notable is the price, since Imprimis’ drug can be purchased for $99 per 100-pill bottle, or at a per-pill cost of under $1.


Read more: https://www.rt.com/usa/319445-drug-company-reveals-dollar-pill/