Martin Shkreli, 32-year-old founder of Turing Pharmaceuticals and douchebag is currently hated worldwide for jacking up the price of a life-saving drug by 5500%. He purchased the rights to Daraprim and increased its price from $13.50 to $750.
Daraprim is an antiparasitic for people with malaria, AIDS and used to fight other deadly parasitic infections for pregnant women. This drug has been on the market for 62 years and for it to be spiked this much overnight without any justification is flabbergasting. It reportedly costs less than $1 per pill to produce.
In an open letter to Turing, the Infectious Diseases Society of America and the HIV Medicine Association wrote that the reason for the increasing its price is “unjustifiable for the medically vulnerable patient population in need of this medication and unsustainable for the health care system.”
Shkreli defended himself by saying,
“This isn’t the greedy drug company trying to gouge patients, it is us trying to stay in business… This is still one of the smallest pharmaceutical products in the world… It really doesn’t make sense to get any criticism for this.”
Martin Shkreli, the chief executive of Turing Pharmaceuticals, explains the increase in drug prices in a CNBC interview. By CNBC on September 21, 2015.
Now, Twitter’s gone crazy dissing Shkreli for his money-hungry actions. He’s also referred to as “the most hated man in America”.
.@MartinShkreli As the son of a world-famous infectious disease MD who saved continents, let me say: U are the personification of evil.
— Kurt Eichenwald (@kurteichenwald) September 21, 2015
Pharmaceutical Corporations Raise Drug Prices 5,500% Overnight http://t.co/juPBxUKepC
— Ben Norton (@BenjaminNorton) September 21, 2015
— Xeni Jardin (@xeni) September 21, 2015