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All tag results for turing pharmaceuticals

Remember That Million Dollar Wu-Tang Clan Album? Yeah, Big Pharma Douche Martin Shkreli Is The Guy Who Bought It…

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This guy sucks so much we're surprised he's not leading the GOP polls…

Back in March of 2014, Wu-Tang Clan announced that they had created just one copy of their new album Once Upon A Time In Shaolin, and last month the band finally sold it to an anonymous millionaire for an undisclosed amount of money.

Well, it's only been about two weeks since the sale went through, but now the identity of the man who shelled out the nearly $2 million for the secret album is clear — Martin Shkreli, the jerk infamous for dramatically increasing the cost of his company's AIDS drug!

Related: Martin Shkreli Creeps On Women On Tinder!

According to a Bloomberg Business special report, the 32-year-old big pharma CEO claims he even got to meet RZA himself before purchasing Shaolin as a way to mingle with other musicians, saying:

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Life-Saving Drug For Infants Just Went Up 2000% In Price Overnight — Here's What We Know About The Next Martin Shkreli

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Why is this a thing that keeps happening…

Do you remember how that drug company Turing Pharmaceuticals caused major outrage back in September when their AIDS drug Daraprim raised over 5,000 percent in price overnight?

Well it seems as though CEO Martin Shkreli has an admirer because another big pharma powerhouse called Mallinckrodt just shocked users with a 2,000 percent increase!

Related: Martin Shkreli Creeps On Women On Tinder!

Apparently, a Canadian drug called Synacthen Depot is used to treat infants who suffer from epileptic spasms — aka West syndrome — but starting Monday morning, the already-expensive $33 medicine will now cost about $700 for a single vile.

Toronto's Hospital for Sick Children neurologist Dr. Carter Snead has spoken out about how the controversial business move could affect sick kids, saying:

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Hedge Funder Buys Rights To AIDS Medication & Immediately Raises The Price From $13.50 To $750 Per Pill!

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This seems pretty deplorable to us…

Martin Shkreli is a former hedge fund manager who is currently the CEO of Turing Pharmaceuticals, but he may be even more infamous now not for his success in business, but rather his shady way of treating his patients.

That's because the 32-year-old just purchased the rights to a 62-year-old drug called Daraprim and immediately gouged the price from $13.50 a pill to an unbelievable $750!

That's over a 5000% jump overnight!

Related: Jared Fogle Tries To Avoid Jail Time With Medical Excuse!

What makes the price fluctuation even more despicable is that the people who rely on Daraprim are AIDS patients and infants, so Martin is hurting people who are already struggling.

The big pharma businessman has spoken up for himself after the change, saying that the medical world is in need of a better version of the drug — even though AIDS doctors have claimed otherwise — and said he purchased the rights to Daraprim in order to help society.

We get that he may have needed to raise the price a little in order to turn some sort of a profit… but how could multiplying the price by over 55 times be at all justifiable?!

Ch-ch-check out Martin's attempt to defend himself Monday on CNBC (below)!!!

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