Drug company reveals 1 pill after Turing jacks prices 5,000%

Discussion in 'Marijuana Legalization' started by jainaG, Oct 24, 2015.

  1. https://www.rt.com/usa/319445-drug-company-reveals-dollar-pill/(Cannacap makers have you been following this story?)





    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.
    Since
    it is compounded, the drug is not subject to the strict regulations of
    the Food and Drug Administration. However, it will not bear an
    FDA-approved label for recommended use. It must be prescribed by a
    doctor for a specifically identified patient.
    Imprimis
    specifically highlighted Turing's high price for Daraprim, saying there
    could be better options for patients who can't afford it.
    “While
    we respect Turing's right to charge patients and insurance companies
    whatever it believes is appropriate, there may be more cost-effective
    compounded options for medications such as Daraprim for patients,
    physicians, insurance companies and pharmacy benefit managers to
    consider,” Baum said in a statement.
    Additionally,
    the company has announced a new program called Imprimis Cares,
    promising that it will work towards making sure there are cheaper
    versions of 7,800 FDA-approved drugs.
    For its part, Turing has
    argued that the price hike was necessary for the company to continue
    researching the disease the drug is aimed at fighting, toxoplasmosis.
    The illness, which affects many cancer and AIDS patients, is one of the
    most dangerous foodborne diseases.
    Since being subject to public
    uproar, Turing has stated that it would bring the price of Daraprim
    down. However, it's still unclear when or by how much that will happen.

     
  2. Competition drives down prices, who woulda thought??
     
  3. Damn our world is screwed up and backwards fuck money fuck the system
     
  4. Meds shouldn't cost so much
     
  5. They really should not cost anything
     

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