Tag Archives: price gouging

Pharma CEO Martin Shkreli Raises Cost Of AIDS Drug By 5500%, Claims It Is Still Underpriced [VIDEO]

Raw Story reports: Appearing on Bloomberg TV, the CEO of a pharmaceutical company that recently hiked the price of a drug used for critically ill infants and AIDS patients by 5,500 percent, defended the price increase by promising better things to come for future patients. Martin Shkreli, 32, the founder and chief executive of Turing Pharmaceuticals, recently purchased the rights …

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