NEW YORK — He’s the 32-year-old CEO of Turing Pharmaceuticals that has become the most hated man in America in a matter of 24 hours.
Martin Shkreli’s company raised the price of a drug called Daraprim from $13.50 a pill to a whopping $750 over night.
The drug – which is used to treat parasitic infections – is often used by newborns or patients with weakened immune systems especially those with HIV and AIDS
It's been around for 62 years, but Shkreli's company bought the rights to it in August and this week decided to jack up the price by 5,000 percent.
The reason – invest in research and development to make a better version of the drug.
Doctors have criticized the reason, saying the drug is pretty effective in its current form.
The response online has been aggressive with many lashing out at Shkreli, accusing him for being heartless.
The CEO himself took time to respond to the attacks, making matters worse.
At one point he tweeted that the price increase was “a great thing for society.”
The alleged price gouging even got the attention of presidential hopeful Hillary Clinton.
She tweeted: “When companies put profits ahead of safety and the environment there should be consequences.”