The Pharma Jerk We All Hated Last Month Still Hasn’t Dropped the Price of That Drug

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Two weeks ago, Turing Pharmaceuticals CEO Martin Shkreli promised to drop the price of Daraprim, a parasite-fighting drug, after raising it from $13.50 a tablet to $750 a tablet. But so far the price tag hasn’t budged.

Shkreli, a former hedge fund manager who acquired Turing in August, first drew criticism after a USA Today article reported the 5,000 percent price hike. He then told ABC News in September that the company would “lower the price of Daraprim to a point that is more affordable and is able to allow the company to make a profit, but a very small profit.”

Business Insider writes:

That hasn’t happened yet. A 30-day, 30-pill supply of Daraprim would cost me $27,006 at my local pharmacy.

That boils down to about $900 a pill, which includes the wholesale cost, along with specific pharmacy fees based on the zip code I gave the pharmacy.

So while the price of the drug hasn’t gotten any higher since Shkreli hiked it 5,000%, it hasn’t gotten any lower since he promised to reduce it either. Turing did not respond to Business Insider’s request for clarification about this price.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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