By Andrew Emett In response to Turing Pharmaceuticals CEO Martin Shkreli raising the price of Daraprim from $13.50 to $750 a pill, a specialty pharmaceutical company announced Thursday that it has created an alternative medication that costs less than a dollar per pill. Due to the fact that many pharmaceutical corporations are drastically increasing drug prices, a new niche in the market has opened for smaller drug companies offering inexpensive medications as viable alternatives.
After acquiring the sole rights to sell Daraprim, former hedge fund manager Martin Shkreli increased the price by 5,500%. Preventing infections in people with weakened immune systems, including AIDS patients …read more