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Ex-Hedge Funder Buys AIDs Drug… Raises Price from $13.50 to $750 per PILL. D-Bag of the Year?

dbag1One sure way of making people really hate you is to buy the rights to a life-saving AIDS drug and jack up the price by $735 PER PILL.

That’s just what Martin Shkreli, founder and CEO of Turing Pharmaceuticals did… And the Interwebz has decided he might be the d-bag of the year for it.

The New York Times reported on the drug increase Sept. 21.

The drug, called Daraprim, was acquired in August by Turing Pharmaceuticals, a start-up run by a former hedge fund manager. Turing immediately raised the price to $750 a tablet from $13.50, bringing the annual cost of treatment for some patients to hundreds of thousands of dollars.

…The Infectious Diseases Society of America and the HIV Medicine Association sent a joint letter to Turing earlier this month calling the price increase for Daraprim “unjustifiable for the medically vulnerable patient population” and “unsustainable for the health care system.” An organization representing the directors of state AIDS programs has also been looking into the price increase, according to doctors and patient advocates.

Daraprim, known generically as pyrimethamine, is used mainly to treat toxoplasmosis, a parasite infection that can cause serious or even life-threatening problems for babies born to women who become infected during pregnancy, and also for people with compromised immune systems, like AIDS patients and certain cancer patients.

Soon after, the Internet picked up the story and began to let the world know that this guy is truly a horses rectum. What say you? D-bag of the year?

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