Turing Pharmaceuticals Martin Shkreli Hikes Drug Price 5000%

Martin Shkreli, 32, the founder and chief executive of Turing Pharmaceuticals, purchased the rights to Daraprim and immediately increased the cost from $13.50 to $750 per pill.

Most people was outraged by this price hike because it seemed that Shkreli behaved in a cold-hearted callous manner by putting profits above care for people who need this medication.

Shkreli’s childish smirking behavior made him a perfect villain who people loved to hate.

Daraprim, known generically as pyrimethamine, is used mainly to treat toxoplasmosis, a parasite infection that can cause serious or even life-threatening problems for babies born to women who become infected during pregnancy, and also for people with compromised immune systems, like AIDS patients and certain cancer patients.

If you had to pay for this medication out of your own pocket, $13.50 per pill would barely be affordable for many people. $750 per pill is an outrageous sum and completely un-affordable unless you have insurance which would pay for it.

The fact that prescriptions can legally be raised to un-affordable prices is the fault of Republicans.  Democrats stands up for average Joe Americans and would make price gouging practices like this illegal.

Another reason why people should not vote for Republicans…

 

Video Title: ‘Most Hated Man in America’ Martin Shkreli Arrested for Fraud

 

Published on Jul 20, 2017 – Martin Shkreli is on trial

Tim Pierotti, who once ran a consumer hedge fund for Shkreli, testified Tuesday that the man who gained notoriety by raising the price of a life-saving drug more than 5,000% sent a threatening letter to his home, addressed to his wife, reading, “I hope to see you and your four children homeless. I will do whatever I can to assure this.”

The letter was entered into evidence at Shkreli’s trial in Federal District Court in Brooklyn.

 

“Pharma Bro” Martin Shkreli found guilty of securities fraud charges

 

Drug C.E.O. Martin Shkreli Arrested on Fraud Charges

Those price increases combined with Mr. Shkreli’s jeering response to his critics has made him a lightning rod for public outrage and fodder for the presidential campaign. His company, Turing Pharmaceuticals, and others, like Valeant Pharmaceuticals, have come under fire from lawmakers and consumers for profiting from steep price increases for old drugs.

Drug C.E.O. Martin Shkreli Arrested on Fraud Charges

 

‘Pharma Bro’ Martin Shkreli Goes On Trial On Securities Fraud Charges

Martin Shkreli is known for a number of things. Jacking up the cost of a life-saving drug for AIDS patients by 5,000 percent. Grinning his way through a House hearing as he pleaded the Fifth. Spending millions to buy the only copy of a Wu-Tang album and then being in no hurry to listen to it.

‘Pharma Bro’ Martin Shkreli Goes On Trial On Securities Fraud Charges