3 ms·
His history is not good. >> Shkreli bought the exclusive rights to manufacture Daraprim, a drug that can treat a rare parasitic disease, in 2015 and hiked the
by adamredwoods 3y ago
His history is not good.
>> Shkreli bought the exclusive rights to manufacture Daraprim, a drug that can treat a rare parasitic disease, in 2015 and hiked the price from $13.50 per pill to $750, to much controversy. The entrepreneur was ordered in January 2022 to return $64.6 million in profit made by the price hikes and creating what the Federal Trade Commission alleged was “a web of anti-competitive restrictions” to prevent rivals from making a cheaper generic version.
https://www.fastcompany.com/90932968/martin-shkreli-dr-gupta-sasha-luccioni https://www.fastcompany.com/90932968/martin-shkreli-dr-gupta...
- caeril 3y agoHis history is "fine", if you consider that this is par for the course for the pharma industry. Acquiring IP rights to a drug, then ratcheting the price is a tale as old as time. Shkreli's main sin is choosing a drug that is primarily used by a specific protected class. It treats parasitic infections that normally don't take hold in people with healthy immune response. Daraprim's customer list is something like 92% AIDS patients, and 8% immuno-compromised for other reasons. Shkreli did something that happens all the time, and we don't bat an eye. But you don't do it to protected classes without a mob response.