Transcript for Outrage Over Drug Daraprim Price Hike From $18 to $750.
Night our team getting answers after growing outrage over that life saving drug and a sticker shock. We reported on last night here from eighteen dollars a tablet jumping to 750. Dollars a tablet of 4000%. In just 24 hours. The anger aimed at one man to 32 year old hedge fund manager behind the price hike defiant. Until now ABC's Lizzie Davis tracking them down with the ABC news exclusive tonight. Overnight headlines turn Martin's grayling into the most hated man in America. After he raised the price of Dara print more than 4000%. What do you say to your critics of people who say you're just being greeting I think they have a fundamental misunderstanding. The way pharmaceutical companies operate. At this price their prime is not substantially profitable drug that 4000%. Increase got the attention of Hillary Clinton. She called it outrageous and to date demanded change. You won't have to pay more than 250. Dollars a month for covered medications. But too might this 32 year old CEO telling ABC news exclusively he's heard the public outcry. We've agreed to lower the price of dare from to a point that is more affordable and is able to allow the company and make a profit but a very small profit. And we think these changes will be welcomed. Squarely says they still need to determine the cost but he reiterates they already give half of it away for free or a dollar. For everyone else he promises it'll be less than 750. Dollars appeal. Lindsey Davis ABC news New York.
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