Hedge fund manager buys drug company, raises price of pill from $13.50 to $750

Sigh:

Martin Shkreli (above) is a former hedge fund manager and the current CEO of Turing Pharmaceuticals. In August Shkreli bought a drug called Daraprim. It’s been around for 62 years and is used to treat toxoplasmosis, a life-threatening parasitic infection. “Turing immediately raised the price to $750 a tablet from $13.50, bringing the annual cost of treatment for some patients to hundreds of thousands of dollars,” reports the New York Times.

It’s fun to single out Shkreli for his questionable ethics, but plenty of other pharmaceutical companies also jack up the the price of formerly cheap drugs to levels that will bankrupt people who need them. The antibiotic Doxycycline was $20 a bottle in 2013. Today, the same bottle costs $1,849. Cycloserine, a tuberculosis treatment, used to cost $500 for a 30 pill bottle, until Rodelis Therapeutics acquired the drug and increased the price to $10,800.

As seen by his tweet last night, Shkreli’s response to the overwhelmingly negative reaction to his price increase is basically “fuck you.”

Question of the Day

What would you be suspended from school and arrested for if you were back in high school?

Oh, I had a notebook full of bad horror fiction that would now have gotten me expelled, arrested, thrown into a padded cell, etc. But I need to give it some thought because I’m sure that’s not the only thing that would have landed me into a ton of hot water in today’s school systems. And that was before social media.

Carson Doubles Down on no Muslims in the White House

From TheHill.com:

Republican presidential hopeful Ben Carson is standing by his view that a Muslim should not be president of the United States, telling The Hill in an interview on Sunday that whoever takes the White House should be “sworn in on a stack of Bibles, not a Koran.”

Carson ignited a media firestorm in a Sunday morning interview with Chuck Todd on “Meet the Press,” in which he said he “would not advocate that we put a Muslim in charge of this nation.”

“I absolutely would not agree with that,” Carson said.

In an interview with The Hill, Carson opened up about why he believes a Muslim would be unfit to serve as commander in chief.

“I do not believe Sharia is consistent with the Constitution of this country,” Carson said. “Muslims feel that their religion is very much a part of your public life and what you do as a public official, and that’s inconsistent with our principles and our Constitution.”