Turing cuts hospital price for drug it hiked 5,000%

The pharmaceutical company that increased the price of a drug used by AIDS and cancer patients 5,000 percent is slashing the price it will charge hospitals.

Turing Pharmaceuticals, led by CEO Martin Shkreli, announced it would offer hospitals Daraprim at up to 50 percent the list price.

A 50 percent discount would bring the price for hospitals down to $375 a pill.

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