Heroic Pharmaceutical Company Savagely Undercuts Martin Shkreli's Pill Scam
The Associated Press is reporting that a maker of compounded drugs will begin selling Daraprim, whose price was famously jacked up to $750 per pill by one of history’s greatest assholes, for the whopping price of $0.99 per pill.
I believe the word you’re looking for is LOL.
San Diego-based Imprimis Pharmaceuticals Inc., which mixes approved drug ingredients to fill individual patient prescriptions, said Thursday it will supply capsules containing Daraprim’s active ingredients, pyrimethamine and leucovorin, for $99 for a 100-capsule bottle, via its site:www.imprimiscares.com.
A 100-capsule bottle of Daraprim from Shkreli’s Turing Pharmaceuticals will only run you $75,000, no big deal.
Imprimis CEO Mark Baum has spotted a niche for his company, undercutting pharmaceutical companies who’ve jacked prices on other generic drugs through the roof.
“We are looking at all of these cases where the sole-source generic companies are jacking the price way up,” Baum said in an interview. “There’ll be many more of these” compounded drugs coming in the near future.
Hilariously, Shkreli paid $55 million in August for the rights to Daraprim before pulling his price-gouging stunt. And now?
Imprimis, which primarily makes compounded drugs to treat cataracts and urological conditions, will work with health insurers and prescription benefit managers in each state to make its new capsules and other compounded generic medicines widely available, Baum said.
“We’re geared up. We’re ready to go as soon as the orders come in,” he said.
Today and today only it will be OK to stand up and applaud a goddamn pharmaceutical company.