Turing Pharmaceuticals obtain the rights to produce Daraprim last month. Daraprim is a drug that helps people with weak immune system. It is the drug prescribed to HIV Positive people to strengthen their immune system time to time.

The Former Hedge Funder and Founder of Turing Pharmaceuticals , Martin Shkreli Increased the price of HIV Drug by 5000% . A single dose that was sold for $13.50 , is now being sold at $750 per tablet.

Martin is now being criticized for this shrewd move. The pill costs less than a dollar which now being sold at $750. To this criticism Shkreli responded by saying that the cost does not include the marketing and distribution cost which has been increasing since forever.

http://www.independent.co.uk/life-style/health-and-families/health-news/martin-shkreli-the-drug-industry-wants-us-to-believe-the-ceo-who-raised-drug-prices-is-an-outlier-he-a6671781.html

“If there is a company that was selling an aston martin at the price of a bicycle , and we buy that company and we ask to charge Toyota prices , I don’t think that should be a crime. We are charging the right price that the market was missing  and we are doing very good with that profit by putting it back in the patients hand”  – Martin Shkreli 

Martin Shkreli had no regrets after increasing the price of this essential drug. Though he has agreed to reduce the prices after facing  heat and anger from the public. The 32 year old argues that the increase in price was necessary to get funds for further research and development of advanced medications for HIV patients.

The 32 year old is turning out to be the Jordon Belfrot ( Wolf Of Wall Street ) of the Pharmaceutical Industry.

Reference – http://www.bbc.com/news/world-us-canada-34320413