WATCH - Ex-Hedge Funder Who Hiked AIDS Pill by 5500% Says Drug 'Still Underpriced'

9/22/2015
WATCH:ExHedgeFunderWhoHikedAIDSPillby5500%SaysDrug'StillUnderpriced'
CLASSWAR
WATCH: ExHedge Funder

Who Hiked AIDS
Pill by 5,500%
Says Drug Still
Underpriced
C. Robert Gibson |
September 21, 2015
This interview is
revolting.
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Martin Shkreli, a 32-
Latest
year-old venture
capitalist, has been
facing heavy criticism
http://usuncut.com/classwar/watchexhedgefunderwhohikedaidspillby5500saysdrugstillunderpriced/
1/9
9/22/2015
for his decision to hike

the price of a pill that
costs $1 to manufacture,
to $750 per pill,
overnight. In a recent
interview with
Police Report:
Pharma CEO
Hacked Legal
Rival and
Harassed His
Wife and
Teenage Son For
Months
Bloomberg TV, Shkreli

hinted that he may
increase the price of the
drug even more.
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ExWATCH:
Hedge Funder
Who
Hiked AIDS
Pill by 5,500%
Says
Drug Still
ToTop
Underpriced
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Shows Bernie
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Place with Trump
and Carson in
This State
Daraprim, which is 62
years old, was acquired
last month by Turing
Pharmaceuticals a
startup founded by
Shkreli and has long
been used to treat
Toxoplasmosis, a
disease caused by a
common parasite that
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can cause blindness and

brain infection for those
with weakened immune
systems. Along with
serving as an effective
AIDS pill, Daraprim also
helps cancer patients
undergoing
chemotherapy
treatment.
Before its acquisition by
Shkreli, a 30-pill bottle
of Daraprim cost roughly
$405. Now, that cost has
skyrocketedto
$22,500for the same
bottle an overnight
increase of 5500
percent. What was once
a common treatment for
millions of people will
now cost hundreds of
thousands of dollars per
person. In a joint letter
from the Infectious
Diseases Society of
America and the HIV
Medicine Association,
the organizations called
Turings price
hikeunjustifiable for the
medically vulnerable
patient population and
unsustainable for the
3/9
9/22/2015
health care system.

Shkrelis example is just
the latest of scandals in
an industry plagued with
greed. According to a
recent investigation by
Sen. Bernie Sanders (IVt.) and Rep. Elijah
Cummings (D-Md.),
Valeant Pharmaceuticals
increased the price of
two heart drugs
Isuprel and Nitropress
by 525 percent and 212
percent the same day
they were acquired.
Antibiotic Doxycyclene
from $20 per bottle to
$1849 per bottle within a
six-month period. The
growing trend of rapidfire acquisitions of lifesaving drugs and
immediate price
gouging is sparking an
outcry for an official
government
investigation.
This is Martin Shkrelis
Twitter account. Do with
it what you will.
4/9
9/22/2015
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WATCH - Ex-Hedge Funder Who Hiked AIDS Pill by 5500% Says Drug 'Still Underpriced'

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WATCH: ExHedge Funder

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