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Archive - Oct 12, 2015

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Have to be wealthy or healthy: 5,000% increase - price of a Daraprim tablet rising overnight from $13.50 to $750

(quote)

ex-hedge funder increases price of pill 5,000% overnight, drawing outcry
Hedge funder buys rights to drug used by AIDS patients and raises price from $13.50 to $750 per pill. A hedge fund trader is at the centre of mounting controversy after the pharmaceutical company he bought raised overnight the cost of a life-saving treatment for people with Aids and weakened immune systems from $13.50 per pill to $750.

The 5,000 per cent increase was enacted last month for Daraprim, known generically as pyrimethamine, by Turing Pharmaceuticals of New York, a start-up firm, shortly after it bought the rights to the drug. The firm is headed by Martin Shkreli.

Daraprim fights toxoplasmosis, the second most common food-borne disease, which can easily infect people whose immune systems have been weakened by AIDS, chemotherapy or pregnancy, according to the Centres for Disease Control. About 60 million people in the United States may carry the toxoplasma parasite.

Ex-Hedge Funder Buys Rights To Drug Used By Aids Patients And Raises Price From $13.50 To $750 Per Pill read more »

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