Watch Will Drug CEO Martin Shrkeli Actually Lower Price? TYT News Video

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“The pharmaceutical company boss under fire for increasing the price of the drug Daraprim by more than 5,000 percent said Tuesday he will lower the cost of the life-saving medication.

“Martin Shkreli did not say what the new price would be, but expected a determination to be made over the next few weeks.

“He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.

“Turing Pharmaceuticals of New York bought the drug from Impax Laboratories in August for $55 million and raised the price.

“Shkreli said Tuesday the price would be lowered to allow the company to break even or make a smaller profit.”

Read more at NBC News

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