--- description: The price of Daraprim had gone from $13.50 a tablet to $750, title: Drug Company Reverses Course on Controversial Price Hike image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [Health](/section/health/) ## Health Update your preferences in [Account Settings](/account/preferences/) Close * [medicine](/tag/medicine/) ## medicine Update your preferences in [Account Settings](/account/preferences/) Close # Drug Company Reverses Course on Controversial Price Hike ## Video: Video: Steven Brill on Rising Medical Costs [Watch (HLS stream): Video: Steven Brill on Rising Medical Costs](https://cdn.jwplayer.com/manifests/MydyUO9f.m3u8) (3:37)  _Published 2013-02-21. Steven Brill talks to TIME about his cover story on the outrageous pricing and egregious profits that are destroying our health care._  by [Nolan Feeney](/author/nolan-feeney/)  ## Nolan Feeney Update your preferences in [Account Settings](/account/preferences/) Close Sep 23, 2015 12:04 AM CUT  by [Nolan Feeney](/author/nolan-feeney/)  ## Nolan Feeney Update your preferences in [Account Settings](/account/preferences/) Close Sep 23, 2015 12:04 AM CUT A pharmaceuticals company that raised the price of a drug 5,500% practically overnight says it [will now lower its price](http://www.cnbc.com/2015/09/22/oll-back-pricing-for-daraprim-amid-controversy.html "undefined") following intense backlash. Turing Pharmaceuticals founder Martin Shkreli confirmed the price cut to NBC News on Tuesday but did not say how much the company would reduce the cost of Daraprim. Early this week, Turing’s decision to raise the price of Daraprim from $13.50 a tablet to $750 was the subject of a [New York _Times_ story](http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html "undefined"). The drug, which is generically known as pyrimethamine and was acquired by the company acquired in August, is used to treat a serious parasitic infection called toxoplasmosis, which can be life-threatening for those with compromised immune systems. It’s also been used to treat malaria. Shkreli said the new price will allow the company to break even or make a “small profit” on the drug. \[[_NBC News_](http://www.cnbc.com/2015/09/22/oll-back-pricing-for-daraprim-amid-controversy.html "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4045668/daraprim-price-cut/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4045668/daraprim-price-cut/"},"headline":"Drug Company Reverses Course on Controversial Price Hike","datePublished":"2015-09-23T00:04:16.000Z","dateModified":"2026-02-22T11:10:25.432Z","description":"The price of Daraprim had gone from $13.50 a tablet to $750","url":"https://time.com/4045668/daraprim-price-cut/","keywords":["medicine"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Nolan Feeney","jobTitle":null,"url":"https://time.com/author/nolan-feeney/"}],"articleSection":"Health","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/health/","name":"Health"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/medicine/","name":"medicine"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4045668/daraprim-price-cut/","name":"Drug Company Reverses Course on Controversial Price Hike"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"Video: Steven Brill on Rising Medical Costs","description":"Steven Brill talks to TIME about his cover story on the outrageous pricing and egregious profits that are destroying our health care.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/MydyUO9f/poster.jpg?width=720","uploadDate":"2013-02-21T01:00:05.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/MydyUO9f.m3u8","embedUrl":"https://time.com/4045668/daraprim-price-cut/","duration":"PT3M37S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/4045668/daraprim-price-cut/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```