It would be hard to not have read the name Martin Shkreli if you’ve spent any time in the internet lately. The 32-year old co-founder of the MSMB Capital Management hedge fund has been CEO of several different companies and went viral earlier this year for what many people considered to be greedy business practices. Then he paid millions for a mysterious rap album and now he’s been arrested by the FBI.
Here’s everything you need to know about the major incidents in the life of the guy who many have called “the biggest douche bag on the internet.”
6. The 5000% Price Increase
He founded Turing Pharmaceuticals in February of 2015, after leaving a different medical/biotechnology company. They quickly acquired the expiring distribution license of the drug Daraprim, an anti-malaria drug that is also used to treat AIDS. Shkreli then jacked up the price from $13.50 per pill to $750 per pill — an overnight increase of over 5000%.http://www.independent.co.uk/news/people/martin-shkreli-condemned-by-doctor-during-awkward-reddit-ama-calling-expensive-aids-medication-a6710491.html Via independent.co.uk