“HE is a former hedge fund manager and entrepreneur who, at just 32 years of age, now runs his own drug company.
“He is also currently one of the most hated people on social media.
“Meet Martin Shkreli, chief executive of Turing Pharmaceuticals which recently bought a 62-year-old drug used by AIDS patients then raised its price by 4000 per cent overnight.
“The reason?
“Because it was a “great business decision”.
“For the past week Mr Shkreli has been public enemy number one after several HIV/AIDS advocacy groups began questioning the justification for the price hike…
“Turing bought the rights to the drug, which is said to cost around $1 to produce, in August for $55 million and immediately raised its price. It was $25.20 (AU) but is now $1051 (AU).”
Read more at News.com.au
