The company that hiked the price of Daraprim, a drug used to treat AIDS patients, is backing off.
Pharmaceutical company Turing increased the price of a drug called Daraprim from $13.50 to $750 a pill and its CEO, Martin Shkreli, quickly became the focus of public anger. The over 4,000% increase also caught the eye of Hillary Clinton. She tweeted about it Monday, saying she wanted to put an end to drug “price gouging.”
The Daily Beast declared Shkreli the “most-hated man in America,” surpassing the dentist who killed Cecil the Lion.
Shkreli says he has heard the outcry.
“We’ve agreed to lower the price of Daraprim to a price that is more affordable,” Shkreli said on ABC World News Tonight.