Tuesday, September 22, 2015

Meet The Must Despised Ex Hedge Fund Manager,32, Who Purchased AIDS Drug Right

                              Martin Shkreli, 32, founder and chief executive of Turing Pharmaceuticals, changed the price of Daraprim, which is used to treat AIDS patients, from $13.50 per tablet to $750

There is global outrage as ex Hedge Fund Manager Martin Shkreli, 32, who bought the right to HIV AIDS drugs and increases the price by 5,500% from $13.50 to $750 per pill.


The 32 years old CEO and founder of the Turing Pharmaceutical purchased the right  to  Daraprim for $55m, a drug used to treat live threatening parasitic infection,the drug has been used for treating HIV AIDS Patients since about 62 years .
The drug cost $1 to produce,but the greedy CEO overnight increase the price from $13.50 to $750 per Pill,which has attracted a backlash worldwide but he defended his action by saying the decision is to turn out profit for the company to stay in business.
'This isn't the greedy drug company trying to gouge patients, it is us trying to stay in business,' Shkreli said

 Martin Shkreli buys rights to AIDS medication and jacks up prices 5500%

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