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‘Most hated man on internet’ maintains 5000% inflation on lifesaving drug

Submitted by Marijuana News on Fri, 11/27/2015 - 08:16

A YOUNG pharmaceutical company CEO who bought the rights to a lifesaving HIV-treating drug and increased its price from $18.70 to $1040 per pill has reneged on his pledge to cut it again.

Turing Pharmaceuticals chief executive Martin Shkreli, who was dubbed “the most hated on the internet”, has maintained the 5,000 per cent inflated price of parasitic infection treatment Daraprim despite international outcry and a subsequent pledge to lower it.

Shkreli shot to infamy — and was labelled a “morally bankrupt sociopath” — after Turing pharmaceuticals first jacked up the price. Compounding the apparent greediness, and the global outrage it caused, was Shkreli’s obliviousness, at one point even “giving the finger” to his critics.

What a nice guy.

What a nice guy.Source:Supplied

The small biotech company is reducing what it charges...

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Megan Palin
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