He Said What??! (Preserve & Protect)

Martin Shkreli says he regrets raising the price of a life saving pill from $13.50 to $750. Here’s the twist, he now says what he is really sorry about…..is that he didn’t raise the price even higher!

From Forbes Magazine:

If anything, the provocative pharmaceutical CEO — who became “the most hated man in America” earlier this year — thinks he didn’t go far enough when he hiked the price of Daraprim by more than 5,000% overnight.

“ I would have raised prices higher,” Shkreli vowed on Thursday, after being asked how he would re-do the past three months. “That’s my duty.”

According to Time Magazine, Shkreli said his responsibility was making more money for shareholders, despite criticism that his massive price hike would impact vulnerable patients. “My shareholders expect me to make the most profit,” Shkreli said. “That’s the ugly, dirty truth.”

Within the past week, two drug companies (Express Scripts and Imprimis Pharmaceuticals) announced they would work together to create a cheap alternative to Daraprim that they said would cost as little as $1 per capsule.

CBS News wrote:

The Express Scripts decision means that a cheaper alternative to Daraprim created by Imprimis Pharmaceuticals will now be available to about 25 million customers through its formulary. What those customers pay will depend on their insurance coverage. That could mean prescriptions that come with a co-payment as low as $10 or $20 for the whole bottle of pills.

Some think this could force Shkreli to lower the price of Daraprim, which is something he originally said he would do but never did, or force him out of the Daraprim business.

Skyrocketing drug prices continue to be one of the biggest health care concerns for Americans. Let us know what you think about this ongoing controversy and whether you think the government should play a role in reining in rising drug prices. Your input is important to us because we believe working together is the best way to reach our goal of making Arizona the Healthiest State in the Nation!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s