Today, hiv4LIFE have published most interesting and important topic which is totally depend on life-saving HIV drugs. Do you know about greedy pharmaceutical executive (Martin Shkreli)? Let’s talk about him.
Who is Martin Shkreli?: Martin Shkreli (born April 1, 1983) is an American hedge fund manager and entrepreneur, specializing in healthcare businesses, and is a co-founder of MSMB Capital Management and the founder of Turing Pharmaceuticals AG.
Reason For Hating: Martin Shkreli, the 32-year-old founder and CEO of Turing Pharmaceuticals, has become the Public Enemy No.1 thanks to his company’s decision to raise the price of a life-saving medicines including pyrimethamine (brand name Daraprim), by more than 4,000 percent, from $1,130 to $63,000. Now he may be most hated man in America right now.
Drug cost was about $13.50 (£8.80) a dose now Mr Shkreli announced he has raised the price to $750 a pill which is more than 5,000% increase. The price increase has been criticized by Hillary Clinton, the HIV Medicine Association, the Infectious Diseases Society of America, the lobbying group Pharmaceutical Research and Manufacturers of America, Donald Trump, and Bernie Sanders.
What is Daraprim?: Daraprim is used to treat toxoplasmosis, a parasitic disease that especially affects people with weakened immune systems, such as those with AIDS. It is considered the leading cause of death attributable to food-borne illness, according to the Centers for Disease Control and Prevention.