[www.keralites.net] Global outrage and disgust as ex-hedge funder, 32, buys rights to AIDS drug and raises price 5500% from $13.50 to $750 per pill

 

Global outrage and disgust as ex-hedge funder, 32, buys rights to AIDS drug and raises price 5500% from $13.50 to $750 per pill  :- 

Martin Shkreli, 32, founder and chief executive of Turing Pharmaceuticals, purchased the rights to Daraprim in August for $55million

He raised the price of the drug form $13.50 per tablet to $750 per tablet

Since the announcement, people across social media have criticized the price increase

Shkreli has backed the decision, saying that his company 'needed to turn a profit on the drug'

Daraprim treats toxoplasmois, an opportunistic parasitic infection that can cause serious and life-threatening problems

Hillary Clinton weighed in on the issue, calling the price hike 'outrageous'

Shkreli called the editor of Fierce Biotech 'a moron' after he questioned the CEO's reasoning behind increasing the price of Daraprim

Full article in the link below 

http://www.dailymail.co.uk/news/article-3243938/Ex-hedge-funder-32-hated-man-internet-defends-jacking-prices-AIDS-medication-5500.html

ravi

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www.keralites.net

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Posted by: Ravi Narasimhan <ravi.narasimhan.in@gmail.com>

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