The Pros And Cons Of Turing Pharmaceuticals

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In August of 2015, the pharmaceutical empire that is running rampant in America expanded. Turing Pharmaceuticals, of New York City, bought the rights of Daraprim from Impax Laboratories and inflated the price per pill from $13.50 to $750 overnight. While in India is only costs around two cents to make. That is over a 5000% increase in less than 24 hours. The reason why people need to be prescribed Daraprim is because they’ve been infected with Toxoplasmosis. It can be contracted through eating food that has cysts and hasn't been properly cooked. Also through cat feces or from a mother to her child during pregnancy. Also it more commonly used for treating patients who are either HIV positive, diagnosed with Toxoplasmosis, or for various types of cancer. Unfortunately, for the people who are affected with Toxoplasmosis, they don't have the option to just switch their medication because Turing Pharmaceuticals has …show more content…
Shkreli is under a lot of scrutiny due to his bitter behavior in response to the accusations of extreme price gouging. “Price gouging is loosely defined as charging a price that is higher than normal or fair, usually in times of natural disaster or other crisis. More specifically, price gouging can be thought of as increases in price due to temporary increases in demand rather than increases in suppliers costs.” (Economics) Shrkeli, is quickly becoming the poster child of price gouging. When Shkreli was confronted about his topical business tactics he responded with "It's a great business decision that also benefits all of our stakeholders," Shkreli then retorted. "I don't expect the likes of you to process that." (MSNBC) The inflation got so bad, at some hospitals they aren't even carrying the medicine anymore. The head doctors at the hospitals said that taking it's rarity into account, it costs too much money to