Much has been said about Martin Shkreli in recent months. In particular, a lot of discussion has centered around his raising the price of the AIDS drug Daraprim at Turing Pharmaceuticals from $13.50 to $750 a tablet (approximately 5400%). Was he wrong to do so?
Of course he was wrong. There is no way to justify that kind of price increase. It was just pure greed.
Well he can do what he wants to do with a product he owns since this is a free country. He has said that he had to raise the cost to protect the supply. I don't know if that's true or not, but it might be. Only someone from the company would know for sure.
Martin was right and wrong ... right to increase price of drug, wrong for increases it by 5400% simple as that... yes many many drugs increase their prices per qrt. but at a slow steady pace..
It treats toxoplasmosis, not AIDS. Insurance pays for it, not people, and insurance does not mind paying it. Only 2000 people need the drug and 1400 people get it for free. Daraprim also has nasty side effects and the increased revenue is being used to make a better drug to treat toxoplasmosis. Martin Shkreli is doing a service to everyone who needs the drug, not a disservice. Anyone who hates Martin Shkreli is not at all informed on the issue and is simply on the hate bandwagon eithout learning about the issue.
