http://www.usatoday.com/story/news/h...prim/32563749/
Apparently the CEO of this company is a prick that's done this before, with a different drug and different company. The drug in question is Daraprim (pyrimethamine), and sold for $17.50 a pop previously, and Turing spiked the price up to $750 apiece after purchasing exclusive rights to the drug. That same drug costs about 2¢ apiece in India.
Honestly, how the hell is this even legal? I'm not against companies out to make a profit, and spokespeople for Turing Pharmaceuticals claim that they're spiking the price to increase revenue for toxoplasmosis research (which is the condition in question that the drug is used to treat) as well as increase marketing campaigns and awareness for the condition, but... we're talking about a 5000% increase in the price of the drug. How can they possibly justify increasing the price from $17.50 to $750?
EDIT: Important note: Daraprim (pyrimethamine) is on the World Health Organization's List of Essential Medicines. This medicine isn't a luxury, it's a necessity.