$750/pill pharma company reverses decision to lower drug price Turing will

Discussion in 'The Howard Stern Show' started by chapped, Nov 25, 2015.

  1. chapped

    chapped Well-Known Member

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    [​IMG]

    Turing will offer hospitals and patients discounts, but high list price stands


    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 other adjustments to help patients afford Daraprim, a drug used to treat a parasitic infection and often given to HIV patients.

    "We pledge that no patient needing Daraprim will ever be denied access," Nancy Retzlaff, Turing's chief commercial officer, said in a news release. She added that "drug pricing is one of the most complex parts of the healthcare industry. A drug's list price is not the primary factor in determining patient affordability and access.”

    Earlier this month, the company said that it planned to modestly reduce prices amid intense backlash from the public and health experts over the initial price hike. However, at the time, the company and its CEO, Martin Shkreli, were mum about exactly how much the price would go down.

    With the price standing, Turing will offer additional money-saving measures such as new, smaller bottles with only 30 tablets, helping to reduce the costs for hospitals to stock the medicine. The company will also offer zero-cost starter samples and, for commercially insured patients, co-payments of no more than $10 a prescription. For uninsured patients at or below 500 percent of the federal poverty level, the company will offer the drug for free.
     
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  2. Dorb

    Dorb Lovable Old Pig VIP Gold

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    These big drug companies own the congress.
    They do what they want.
     
  3. Ganggreen87

    Ganggreen87 Well-Known Member

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    But as my doctors always complain, I thought no one was making ANY money in medicine these days


    Always knew that was bullshit
     
  4. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

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    lol love this dickbag
     
  5. chapped

    chapped Well-Known Member

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    The same type of pill is sold for less than a dollar in the EU...
     
  6. chapped

    chapped Well-Known Member

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    I read that his company stock went from .20 cents a share to $40 now to $30
     
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  7. Father O'Blivion

    Father O'Blivion Well-Known Member

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    If there is such a thing as karma, this fucker's got some nasty shit coming his way.
     
  8. computer blue

    computer blue Well-Known Member

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    Capitalism at its finest
     
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  9. EndOfLine

    EndOfLine PLATINUM SPONSOR VIP

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    So they're going to "reduce" the cost by offering smaller bottles? :jj:

    You can't make shit like this up.
     
  10. The Snork

    The Snork Well-Known Member VIP Gold

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    If I were President I'd declare a national emergency on healthcare and have the looters and profiteers shot.
     
  11. AmishGirl

    AmishGirl Well-Known Member VIP

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    "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 other adjustments to help patients afford Daraprim, a drug used to treat a parasitic infection and often given to HIV patients."
    Must be some type of tax loophole....?
     
  12. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    That's because you can literally make it on site. That's what the Canadians and British do.

    There's no reason for a commercial supply of this drug
     
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  13. chapped

    chapped Well-Known Member

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    I really think that this is nothing more than a way to drive his company's stock up and it worked
     
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  14. Dorb

    Dorb Lovable Old Pig VIP Gold

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    Maybe he get a disease and the only cure available will be pills from a foreign company that cost a million dollars each twice a day. LOL
     
  15. killallposers

    killallposers VIP Extreme Gold

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    No, but they'll make sure they drain every last cent you and your family have. Absolute scum.


    If this douchebag dies soon, I'll start believing in karma.

    [​IMG]
     
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  16. Ving

    Ving Well-Known Member

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    Single payer, anyone, anyone? Free market greed is wonderful isn't it? Just ask Jiblits.
     
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  17. DogStar69

    DogStar69 Well-Known Member

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    Daraprim, a drug used to treat a parasitic infection

    Ironically he is a parasite.
     
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  18. DogStar69

    DogStar69 Well-Known Member

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    This is why we need drug price controls. Drug companies spend as much on advertising than they do on research. That's the new thing to trick stupid people to go ask for medicines because they saw them in ads.

    In the end we all pay for his price hike. Whenever a patient on Medicare or Medicaid needs his pill the government ends up paying for it.
     
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  19. SaintJimmy

    SaintJimmy VIP Extreme Gold

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    Capitalism can fix this.

    The free market will make this company see the error of their ways, and....


    wait.... what?
     
  20. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    Just get it online from Thailand, like dick pills and antibiotics.