1 alternative to medicine that skyrocketed 5000

A San Diego based pharmaceutical company says it will offer a low cost alternative to Daraprim, a drug used by cancer and AIDS patients that recently skyrocketed from $13.50 to $750 a pill. Imprimis Pharmaceuticals says the substitute drug will be priced as low as $99 for a 100 capsule bottle.

Daraprim is produced by Turing Pharmaceuticals, which came under intense fire in recent weeks after chief executive Nike Outlet Online Martin Shkreli raised the price of the drug by 5,000%.

Imprimis (IMMY) said its substitute drug is a customized formulation that can be used to treat toxoplasmosis, the ailment that AIDS patients previously relied on Daraprim to control.

"While we respect Turing's right to charge patients and insurance companies whatever it believes is appropriate, there may be more cost effective compounded options for medications, such as Daraprim, for patients, physicians, insurance companies and pharmacy benefit managers to consider," Imprimis CEO Mark Baum said in a statement.

In September, Turing's Nike Air Max Womens Best Air Max 2016 Black Blue Red Outlet Online price increase caught the eye of presidential candidate Hillary Clinton, who tweeted that she wanted to put an end to drug "price gouging."

Price gouging like this in the specialty drug market is outrageous. Tomorrow I lay out a plan to take it on. and Canada.

Heather Long, Matt Egan and Chris Isidore contributed to this report.

CNNMoney (New York) First published October 23, 2015: 2:04 AM ET

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