Tag

“And with these new profits we can spend all of that upside on these patients who sorely need a new drug, in my opinion”, Shkreli continued.

In an unrelated incident, Turing Pharmaceuticals announced plans to raise the price of pyrimethamine (Daraprim) by more than 4000%.

But the price hike sparked outrage from medical groups representing doctors who care for patients with HIV and other infectious diseases, because Daraprim treats patients with compromised immune systems.

Former hedge fund manager Martin Shkreli is now said to be the world’s most hated person after suffering a severe social media backlash. His startup company, Turing Pharmaceuticals, acquired Daraprim, an AIDS medication drug, in August.