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Anonymous Trolls Big Pharma CEO Who Raised Drug Price 5,500%

Anonymous Trolls Big Pharma CEO Who Raised Drug Price 5,500%

by Justin OConnellSeptember 23, 2015

Martin Shkreli, CEO of Turing Pharmaceuticals, has been the center of the Internet vitriol over the past few days after raising the price of a 62-year-old drug 5,500%. Anonymous joined in on the action yesterday, effectively trolling the CEO, who later in the day announced his company would backtrack on the price increase. 

The CEO defended himself by saying the move has been misunderstood. Daraprim, he’s maintained, was unprofitable  and therefore his company increased the price. The drug is used to treat toxoplasmosis, a life-threatening parasitic infection.

“Our first and primary stakeholder is patients. There’s no doubt about that,” Shkreli told CBS. The price of the drug was so low that “any company selling it would be losing money” The new price meant “a reasonable profit, not excessive at all.” Ultimately, he conceded that the company failed making people understand their vision. 

“I can see how it looks greedy, but I think there’s a lot of altruistic properties to it,” he added, pointing out research and development opportunities the new price would enable. Shkreli seems to imply no patients will lose access to the drug.

“No,” Shkreli said. “In fact, we’re increasing access to patients. … We’re dramatically increasing the access to Daraprim, lowering co-pays, giving away more drug for free. Half of the drug we give away is for $1. So I don’t know what you’re talking about.” Anonymous is a decentralized hacktivist group that became well-known after several high profile hacks. For more, click here.

Featured image from NeydtStock / Shutterstock.

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  • Michael Geister

    Saying hi to the guy on twitter is trolling now?

    • Jack Walters

      Right? Fuck this whole article.

      • Jack Walters

        Or no, wait. Maybe this article is actually trolling us…

  • Jim Brown

    This is a very telling line of BS from the pharmy dude.
    They think that a 900% mark-up is loosing money.
    We’re talking pennies per pill, and selling them
    for a dollar is losing money?

    Probably what really happened is an old standard drug was
    taken, add a pinch of caffeine, and maybe a little bit
    of Prozac to give it some “kick”, then think-up a new
    funky name nobody can pronounce,
    then get it patented and make a few extra Billion Dollars.

    I think I’ll have to assign this project to my nephew,
    he’s moving up the ranks in the company now and he
    needs to get a feel for how we do business and to
    see what it feels like when he gets his first
    multimillion dollar bonus for all that hard work……..

    • rwilcher

      Its good that the arrogant prick knows that he is being watched.

  • Bryan Leist

    whats very telling is all anonymous needs to do is let someone know they have their attention and its a powerful message.