--- description: Turing Pharmaceuticals said it would cut the cost of its anti-infection drug to hospitals after hiking it by 5,000 percent in September. title: Company Behind Medicine Price Hike Cuts Cost of Drug image: https://static.time.com/v3/assets/bltea6093859af6183b/bltaa0dbf802a8049f5/698872b0e20a87b4b1a8e62c/gettyimages-120822895.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [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 # Company at Center of Drug Price Storm Cuts Cost of Medicine by [NBC News](/author/nbc-news/) ## NBC News Update your preferences in [Account Settings](/account/preferences/) Close Nov 25, 2015 2:36 AM CUT  Martin Shkreli sits for a photograph, Aug. 10, 2011 Martin Shkreli sits for a photograph, Aug. 10, 2011Bloomberg—Getty Images by [NBC News](/author/nbc-news/) ## NBC News Update your preferences in [Account Settings](/account/preferences/) Close Nov 25, 2015 2:36 AM CUT Turing Pharmaceuticals, the company that became a lightning rod for criticism over excessive price increases for older medicines, on Tuesday said it would cut the cost of its anti-infection drug to hospitals. Privately-held Turing and its chief executive Martin Shkreli sparked outrage in September after it acquired the rights to a 62-year-old drug, Daraprim, and raised the price more than 5,000 percent to $750 a pill from $13.50. The company said it will offer reductions of up to 50 percent off its previously announced price for hospitals, which handle about 80 percent of cases of toxoplasmosis encephalitis… [Read the rest of the story from our partners at NBC News.](http://www.nbcnews.com/business/consumer/turing-pharmaceuticals-company-center-drug-price-gouging-storm-cuts-cost-n469236?cid=par-time%5F20151125 "undefined") ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4126724/medicine-drug-cost-turing-pharmaceuticals-daraprim/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4126724/medicine-drug-cost-turing-pharmaceuticals-daraprim/"},"headline":"Company at Center of Drug Price Storm Cuts Cost of Medicine","datePublished":"2015-11-25T02:36:04.000Z","dateModified":"2026-02-22T12:53:52.758Z","description":"Turing Pharmaceuticals sparked outrage after it hiked the price of one of its drugs by 5,000 percent","url":"https://time.com/4126724/medicine-drug-cost-turing-pharmaceuticals-daraprim/","keywords":["medicine","cost","drug"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltaa0dbf802a8049f5/698872b0e20a87b4b1a8e62c/gettyimages-120822895.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"NBC News","jobTitle":null,"url":"https://time.com/author/nbc-news/"}],"articleSection":"Health","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltaa0dbf802a8049f5/698872b0e20a87b4b1a8e62c/gettyimages-120822895.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"MSMB Capital Management CIO Martin Shkreli","caption":"MSMB Capital Management CIO Martin Shkreli","creditText":"Bloomberg—Getty Images","representativeOfPage":true}],"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/4126724/medicine-drug-cost-turing-pharmaceuticals-daraprim/","name":"Company at Center of Drug Price Storm Cuts Cost of Medicine"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"Inside the World of Medical Marijuana for Kids","description":"The story of a family's illegal cross-country drive to transport marijuana oil for their epileptic 3-year-old daughter. 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