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Drug Price Controversy Prompts CEO to Reverse Course

The pharmaceutical company that raised the price of a life-saving drug by 5,000 percent — from $13.50 per pill to $750 — said it will lower the cost of the medication over the next few weeks.

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The pharmaceutical company that raised the price of a life-saving drug by 5,000 percent — from $13.50 per pill to $750 — said it will lower the cost of the medication over the next few weeks. The move came after an outcry from patients and consumer advocates following the dramatic price increase. The company has not said how much the price will be lowered. (CNBC)

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