Martin Shkreli is a 32 year old man that is the cheif executive of Turing Pharmaceuticals. Recently, his company aquired the rights to Daraprim an HIV medication as to which he elevated the price of it by 5000%. As a result of this, social media has been in an uproar, so much so that he has been officially named the most hated man on the internet.
Beore Mr. Shkreli aquired the ownership of Daraprim, a single dose of the drug wwent for $13.50. However, after he aquired the company he elevated the price to $750 per pill. And while it may be true that the phramaciaticals industry tend to eeleavte the pricees for certain products, in geeneral most companies tend to do this queityly due to a feear of public outcry and legal backlash. Mr. Shkreli on the otherhand, has been quite oputspoken and unapologetic.
The drug that he raised the price of, is utilzied to treat toxoplasmosis which is a parastice ford-borne afflication that affects indivauls who have immune systems that have been compromised. as such, many indvuals who have HIV/AIDS depned on this drug gin order for them to survive. As such, social media has been ranting about the fact that Mr. Shkrelie would rasie the price of a drug that litterally save peoples lives. …show more content…
He proclaims in his defense that the price of the drug as it stands at the elevated pricde is still sinfinanly lower that its true value and that the reason for the price hike was primairy due to a need for reasearch and development. However, whenver Shkreli is confonted through his social media profile on Twitter, he responds to the crisiticism by making disdainful remarks. For example, one induval proclaimed that the price hike would essneitally kill people and put them into debt. Hiis response to that particualr statement was "Aint my
Beore Mr. Shkreli aquired the ownership of Daraprim, a single dose of the drug wwent for $13.50. However, after he aquired the company he elevated the price to $750 per pill. And while it may be true that the phramaciaticals industry tend to eeleavte the pricees for certain products, in geeneral most companies tend to do this queityly due to a feear of public outcry and legal backlash. Mr. Shkreli on the otherhand, has been quite oputspoken and unapologetic.
The drug that he raised the price of, is utilzied to treat toxoplasmosis which is a parastice ford-borne afflication that affects indivauls who have immune systems that have been compromised. as such, many indvuals who have HIV/AIDS depned on this drug gin order for them to survive. As such, social media has been ranting about the fact that Mr. Shkrelie would rasie the price of a drug that litterally save peoples lives. …show more content…
He proclaims in his defense that the price of the drug as it stands at the elevated pricde is still sinfinanly lower that its true value and that the reason for the price hike was primairy due to a need for reasearch and development. However, whenver Shkreli is confonted through his social media profile on Twitter, he responds to the crisiticism by making disdainful remarks. For example, one induval proclaimed that the price hike would essneitally kill people and put them into debt. Hiis response to that particualr statement was "Aint my