Last year, hedge-fund manager Martin Shkreli made headlines for all the wrong reasons when he bought anti-parasitic drug Daraprim and jacked up the price overnight from $US13.50 to $750 a tablet.
To prove how much of a idiot move that was, a group of high school students in Australia has now created 3.7 grams of Daraprim's active ingredient in their chemistry lab for just $20 - an amount that would sell in the US for between $35,000 and $110,000 at the current rate charged by Shkreli's company.
For perspective, a tablet's worth of the students' medicine costs just $2 to make, as opposed to the $750 Shkreli's company Turing Pharmaceuticals sells it for in the US (the company cut the drug's price by 50% for US hospitals following the backlash, but didn't change the cost for private patients).
More
Nice work, kids.
ReplyDeleteWait for it, they will be sued soon enough...
ReplyDeleteGood ----at least the public actually
ReplyDeleteKNOWS how much they're being ripped off!
It's a disgrace.
Drug Companies----the largest lobbist ( sp ? ) in
Washington , DC!