This CEO Was Greedy At The Expense Of The Sick


Drug CEO Caves, Will Drop Price of $750 Pill
MARTIN SHKRELI SAYS PEOPLE MISUNDERSTAND THE ISSUE

By Rob Quinn, Newser Staff

The drug company CEO called the “most hated man in America right now” by the BBC says he’s misunderstood—but that he’ll lower the price of Daraprim in response to the firestorm of criticism. “There were mistakes made with respect to helping people understand why we took this action,” Turing Pharmaceuticals chief Martin Shkreli, who raised the price of the toxoplasmosis drug from $13.50 a pill to $750, tells NBC News. “I think that it makes sense to lower the price in response to the anger that was felt by people.” The 32-year-old former hedge fund boss says it’s “very easy to see a large drug price increase and say, ‘Gosh, those people must be gouging,'” but that drug pricing is “very hard stuff” for people to understand. Read on…

http://www.newser.com/story/213293/drug-ceo-caves-will-drop-price-of-750-pill.html

CaseClosed2: Of course the CEO is hated and the hate is well deserved. What was he thinking to try to charge sick people $750 per pill up…way up from $13.00 per pill which is bad enough. People qho need medication and are poor, can’t afford paying the $1300 per pill without having to go without the bare necessities such as food to pay for the drugs they need to sustain their lives. It’s good the CEO changed his mind and reduced the cost per pill, otherwise, he would have been the one in need of medications.

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