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CEO who raised price of pill to $700 calls journalist a ‘moron’ for asking why
- ender89 11y agoHe would have asked "Let's see if we can get a statement from @MartinShkreli. Martin, your co. just hiked the price of an old drug - new to you - by 5000%. Why, aside from the obvious desire to milk more money than a Saudi oil shiekh from a population that has little choice but to pay outlandish prices for a life-saving medication, would you raise the price so drastically?", but twitter has a character limit. Although I do love the idea of making the people who are suffering now bankroll the research to cure people tomorrow. Its just so logical and thoroughly misguided.
- doug1001 11y agoif the "dialog" had occurred without the 140-character limit: journalists: why did you increase, over-night, the price of Daraprim, a life-saving drug, from $13.50 to $750 per pill, a 5,000% increase Martin Shkreli: you are such a moron--the previous price of the drug was $18.00 not $13.50, so the price increase was barely above 4,000%. Why don't you check your facts! journalist: aplologies for the outrageous error. i regret any damage casued, etc., etc. So anyway, some people might think that even a 4,000% increase is a lot. Martin Shkreli: you are such a moron--making drugs is difficult, time-consuming, and uncertain--the price increase is necessary to re-coup our R&D costs. Just trying to keep our heads above water. journalist: good point, you're certainly entitled to make a buck for all of your hard work and risk-taking; but not sure how that applies here--your company, Turing, didn't develop this drug, in fact, your company just bought the rights to the drug last month. Martin Shkreli: like i said, a moron.