Martin Shkreli on Raising AIDS Drug from $14 to $750 Per Pill, Getting "Pharma Bro" Title (Part 9)

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Martin Shkreli, the controversial figure often referred to as "Pharma Bro," recently discussed his decision to raise the price of the AIDS-related drug Daraprim from $14 to $750 per pill. Shkreli highlighted the business strategy behind acquiring out-of-patent drugs and argued that his actions have been misunderstood. He claimed that most people, particularly the media, were more outraged than the general public about the price hike. Shkreli defended his decision by stating that insurance companies covered the cost of the drug and that those without insurance received it for free.

Despite never profiting personally from the deal, Shkreli's move prompted a Congressional hearing and increased public scrutiny. He explained that another drug, Bactrim, could be used as an alternative treatment, yet this key fact was often overlooked by the media. Shkreli believes he was unfairly targeted by a media driven by a bias against wealth and masculinity, referring to the moniker "Pharma Bro" as an unjust label.