Thursday 24 September 2015

Pharma CEO Who Raised Price Of AIDS Drug Over 5500% Says He'll Lower It — Just So People Will Leave Him Alone??


martin shkreli drug ceo

Time for a bit of damage control!

On Monday Martin Shkreli — the former hedge fund manager and current CEO of Turing Pharmaceuticals announced that he'd be raising the price of the recently purchased drug Daraprim — a medication that helps people with weakened immune system such as AIDS patients or pregnant women.
There was a huge public outcry after people learned he was raising the price from $13.50 to $750 per pill!

Related: Desperate Father Says He Robbed Bank To Pay For Baby Daughter's Cancer Treatment!
Well apparently he's had a change of heart as the CEO announced he would be lowering the price, saying the new cost would be figured out in the next few weeks.
His decision to flip flop isn't surprising; he faced an understandably vicious backlash after the 5500% increase was reported. He said:
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