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Over the past week, the 32-year-old has become public enemy No. 1 thanks to his company’s decision to raise the price of a life-saving drug by more than 4,000 percent, from $1,130 to $63,000.
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When confronted Sunday on Twitter by a journalist covering the drug industry, Shkreli said hiking the price of Daraprim was simply a “business decision.”

“It’s a great business decision that also benefits all of our stakeholders,” Shkreli said. “I don’t expect the likes of you to process that.”

When the journalist questioned hiking the price “5,000%,” Shkreli called him “a moron.”

Alhazad wrote:Dude wants to be the Donald so bad.

...a maker of compounded drugs will begin selling $1 doses of Daraprim, whose price recently was jacked up to $750 per pill by Turing Pharmaceuticals.
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Turing's Shkreli, under fire from all sides, said late last month that he would lower the price of Daraprim, but hasn't so far. A Turing spokesman didn't respond to a request for comment Thursday but recently noted the company is capping patient copayments at $10.

Shkreli ... swiftly moved to buy up the shares of KaloBios Pharmaceuticals, which produces benznidazole, a treatment for Chagas disease in South and Central America. There, where the disease is most common, the two month treatment for Chagas costs between $50 and $100. If Chagas goes untreated, 30% of those afflicted can develop serious heart problems.

According to the New York Times, who spoke with Shkreli on a conference call (was he stroking a lizard in front of a giant fireplace?), this treatment would come State-side pending FDA approval and would likely cost in the range of $50-60,000 a treatment, on par with Hepatitis C. I can’t even do the math on that markup:

Leisher wrote:Arrested on fraud charges.

The two companies' executives insisted they were committed to ensuring that cost isn't a deterrent for patients who need the drugs.
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Shkreli said in an email to one contact: "We raised the price from $1,700 per bottle to $75,000. Should be a very handsome investment for all of us."
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Valeant likewise identified revenue goals first and then used drug prices to reach them, committee staff said in a memo. It said Valeant believed it could repeatedly raise the prices of Nitropress and Isuprel without repercussions because they're administered by hospitals, which are less price-sensitive than consumers.

The students from Sydney Grammar School drew global media attention this week after they said they had produced the drug Daraprim for about $2 a dose, a fraction of the current list price of $750 per dose.

lol how is that showing anyone up? almost any drug can be made at small scale for a low price. glad it makes u feel good tho.

Martin Shkreli, 34, has confidently courted controversy in recent years, bulldozing his way into Wall Street and the drug industry, raising the price of a lifesaving drug by 5,000 percent overnight, boasting that he would outwit prosecutors in his federal fraud case, and live-streaming and tweeting throughout his five-week trial.

But on Friday, after five days of deliberations, jurors convicted him on three counts of fraud in federal court, and he now faces up to 20 years in prison on each of the first two counts, and up to five years on the final count.