“Pharma Bro” Martin Shkreli is having a really bad day today. Last month Shkreli’s Turing Pharmaceuticals acquired the right’s to produce a life-saving AIDS medication, Daraprim, and then raised the price of 5,000 percent. His disgusting decision to put profit over people’s lives caused outrage around the world and was the perfect example of how out of control Big Pharma is in the United States. Fortunately for AIDS patients, another company just stepped in and announced that they would be selling an alternative to Pharma Douche’s prescription drug and they’d be selling it for a fraction of the cost.
On Thursday, San Diego-based Imprimis Pharmaceuticals, Inc. announced that they would sell the alternative drug for just $99 per 100 pills.
That’s right, while Turing’s costs $750 per pill, Imprimis will sell theirs for ONE DOLLAR.
Imprimis CEO Mark L. Baum said that he “respects” Shkreli’s right to charge customers whatever he wants to charge them, but explained that there are more “cost-effective” alternative compounds than the ones the Pharma Jerk uses:
Daraprim’s active ingredient is pyrimethamine, which has been available since 1953 for the treatment of parasitic diseases (namely malaria and toxoplasmosis). Imprimis’ alternative also contains pyrimethamine as well as leucovorin, which the company said helps to reverse pyrimethamine’s negative effects on bone marrow.
Until now, Turing was the sole producer of a pyrimethamine-based drug, which is often prescribed to patients with compromised immune systems such as those suffering from AIDS and cancer.
Turing WAS the sole producer and that’s why they raised the prices so high. Pharma Jackass gave all sorts of excuses to justify his jacked-up price, but ultimately what it came down to was how much money he could make. He promised that he would lower the prices, but never did and then continued acting like a complete, pompous douche on Twitter. He felt secure because no other company had an alternative, but now that security is gone.
Baum also explained in his press release that his company wanted to make drugs more affordable to patients. So his company started a program called “Imprimis Cares” to make the medicine accessible to people who would otherwise not be able to afford it:
Today, some drug prices are simply out of control and we believe we may be able to help control costs by offering compounded alternatives to several sole source legacy generic drugs. Imprimis Cares and its team of compounding pharmacists will work with physicians and their patients to ensure they have affordable access to the medicines they need from the over 7,800 generic FDA-approved drugs. Imprimis Cares, available in all 50 states, will work with all third-party insurers, pharmacy benefit managers and buying groups to offer its patient specific customizable compounded drug formulations at prices that ensure accessibility and that provide a reasonable profit for Imprimis. We are here to serve our patients and their physicians. We believe that when we do a great job serving our customers, our shareholders will also benefit.
Pharma A$$hole doesn’t give two fecks whether or not people can afford their medication and that is what will ultimately destroy his company. Baum seems to understand that pharma companies are supposed to HELP keep people alive, not make sure they die completely preventable deaths. Americans are getting sick and tired of corporate greed and it is refreshing to see meet a CEO who cares.