this is the guy who jacked up the price
of a life-saving drug and is depriving
the world of probably great music but
also gives free courses and investing in
chemistry on his YouTube channel huh if
that’s a problem for you then you can go
do something else with your evening
welcome to watchmojo.com it will be
counting down the top five back to the
Martin shkreli a complicated figure who
in 2015 everyone on the Internet was
calling the most hated man in America
hopefully this will increase the amount
of interest number five he raised the
price of a life-saving drug by 5,000%
shkreli began his rise to supervillain
caliber infamy in September 2015 when
his company Turin pharmaceuticals
bought the rights to the life-saving
drug daraprim and increased its list
price by over five thousand percent we
definitely plan on raising the price
that’s for sure we paid a very very
large amount by an unprofitable medicine
we can’t continue to make to lose money
on the drug at that price the drug is
used to treat toxoplasmosis a parasitic
infection common and AIDS and cancer
patients though this caused some major
backlash with news outlets and public
figures across the world criticizing it
as an immoral business move the price I
didn’t actually break any laws someone
once asked him if he’d do anything
differently if he could go back in time
I probably would have raised the price
higher he went on to say that as a CEO
it’s his duty to maximize profits for
shareholders and that having more profit
also allows him to invest in research
and development we’re gonna contribute
the majority of our revenue to doing
that so in essence we’re taking the
revenue from daraprim and trying to come
up with better safer more effective
version of it we’ll come back to that
and doctors and patient groups saying
they can’t access this drug are you
gonna change the price number four
he bought a one-of-a-kind wu-tang clan
album for two million dollars in a
bizarre move the newly notorious
pharmaceutical tycoon bought the only
copy of the wu-tang album once upon a
time and Shaolin
that’s the elbow yeah this tarnished his
reputation even more when he refused to
release the legendary rap groups album
to the public or just snap in half and
bury the remains of it so no one tries
to reconstruct it and then I’ve seen a
world where I give away for free this
venture also landed him in a lawsuit
when unlicensed artwork from the album
appeared in an article without the
artists permission Martin also got in a
heated Twitter war with Wu Tang rapper
Ghostface Killah threatening to remove
the rapper from the album and quote
erase him from the record books of rap
you ever say seem dumb again this al the
shalwick I’m gonna race all your shame
this album right here long right here
I’m gonna race you from the record books
of rap number three
he’s unpopular with politicians on the
advice of counsel I invoke my Fifth
Amendment privilege against
self-incrimination and respectfully
decline answer your question from rap
gods to political pundits martin has a
way of aggravating just about everyone
you spent the time doing what he does
best looking like a real slappable prick
he donated $2,700 to Bernie Sanders
presidential campaign and Bernie
responded by donating the money to a
local HIV clinic unless there is a
rational reason like you cannot get the
compounds and the substances you need to
make the drugs
you just cannot jack up the price to any
level that you want
according to shkreli Democrats have
rejected $50,000 of his donations even
consummate capitalist Donald Trump spoke
out against the so-called farmer bro
saying he looked like a spoiled brat
that guy is nothing he is zero he’s
nothing and he got to be ashamed of
himself
Shirley responded to Trump’s feedback
with a smile asserting that his company
is now dedicated to researching a better
cure to talk to a plasmosis
so in essence we’re taking the revenue
from daraprim and trying to come up with
better safer more effective version of
it shkreli claimed that he hoped that
donated to Sanders campaign might get
him some face time with the senator so
that he could tell him number two he
raised the price of the drug to invest
in research that’s the price I have to
pay to find a new medicine for a dying
kid I’ll raise even more the price hike
caused some serious outrage all over the
political spectrum which barely contends
that it’s all for a good cause
Advisors world clinical world
headquarters and they don’t have one lab
in there they don’t have you know any
research going on this companies cut
billions of dollars of research and they
raise price all the time shkreli claims
the tooling spent 60% of its profits on
research and development versus the
industry standard of 15% and that that
includes finding a better cure for
toxoplasmosis this is good news given
that the 70 year old drug causes many
unwanted side effects such as vomiting
headaches and insomnia just to name a
few you took care from right now you’d
get very sick and I don’t see why that
needs to be the case I think you should
be able to take a drug that doesn’t hurt
you that’s not too much to ask according
to him nobody else wants to do this the
biggest pharmaceutical companies prefer
to spend their money on marketing
existing drugs then on creating new ones
in fact they raise price on a hundred
drugs just last week and nobody wrote
anything about it turing pharmaceuticals
current leadership maintains the
rationale of the strategy and backs him
up when number one he insists
individuals aren’t paying more for the
drug you know it’s not like there’s
there’s people that are actually going
to suffer from this it’s big fat you
know corporations that pay health care
bills in the United States
shkreli claims that toxoplasmosis
patients by and large aren’t affected by
the price hike and that it’s the
insurance companies who it will end up
costing and he says he has no problem
taking money from the insurance industry
one drug even the biggest drug in the
world um can’t hit can’t influence um
health care premiums internal documents
revealed that initially hospitals and
patients reported difficulty in
accessing the drug because of the hikes
which Crowley says that by making
smaller formats for hospitals and
capping patients insurance co-payments
at $10 per month those problems were
resolved the company also provides the
drug for a penny a pill to the US
government discount program about 60 to
70 percent of our patients actually do
get it for free so what do you think is
Martin a diabolical profiteer or some
kind of misunderstood vigilante and have
you ever watched his live YouTube
streams and people stopped calling me
it hello for more heroic top tens and
widely reviled top fives published every
day be sure to subscribe to
watchmojo.com you ever mention my name
or will be there’ll be more more of a
price to pay than just this video I’m
out
of a life-saving drug and is depriving
the world of probably great music but
also gives free courses and investing in
chemistry on his YouTube channel huh if
that’s a problem for you then you can go
do something else with your evening
welcome to watchmojo.com it will be
counting down the top five back to the
Martin shkreli a complicated figure who
in 2015 everyone on the Internet was
calling the most hated man in America
hopefully this will increase the amount
of interest number five he raised the
price of a life-saving drug by 5,000%
shkreli began his rise to supervillain
caliber infamy in September 2015 when
his company Turin pharmaceuticals
bought the rights to the life-saving
drug daraprim and increased its list
price by over five thousand percent we
definitely plan on raising the price
that’s for sure we paid a very very
large amount by an unprofitable medicine
we can’t continue to make to lose money
on the drug at that price the drug is
used to treat toxoplasmosis a parasitic
infection common and AIDS and cancer
patients though this caused some major
backlash with news outlets and public
figures across the world criticizing it
as an immoral business move the price I
didn’t actually break any laws someone
once asked him if he’d do anything
differently if he could go back in time
I probably would have raised the price
higher he went on to say that as a CEO
it’s his duty to maximize profits for
shareholders and that having more profit
also allows him to invest in research
and development we’re gonna contribute
the majority of our revenue to doing
that so in essence we’re taking the
revenue from daraprim and trying to come
up with better safer more effective
version of it we’ll come back to that
and doctors and patient groups saying
they can’t access this drug are you
gonna change the price number four
he bought a one-of-a-kind wu-tang clan
album for two million dollars in a
bizarre move the newly notorious
pharmaceutical tycoon bought the only
copy of the wu-tang album once upon a
time and Shaolin
that’s the elbow yeah this tarnished his
reputation even more when he refused to
release the legendary rap groups album
to the public or just snap in half and
bury the remains of it so no one tries
to reconstruct it and then I’ve seen a
world where I give away for free this
venture also landed him in a lawsuit
when unlicensed artwork from the album
appeared in an article without the
artists permission Martin also got in a
heated Twitter war with Wu Tang rapper
Ghostface Killah threatening to remove
the rapper from the album and quote
erase him from the record books of rap
you ever say seem dumb again this al the
shalwick I’m gonna race all your shame
this album right here long right here
I’m gonna race you from the record books
of rap number three
he’s unpopular with politicians on the
advice of counsel I invoke my Fifth
Amendment privilege against
self-incrimination and respectfully
decline answer your question from rap
gods to political pundits martin has a
way of aggravating just about everyone
you spent the time doing what he does
best looking like a real slappable prick
he donated $2,700 to Bernie Sanders
presidential campaign and Bernie
responded by donating the money to a
local HIV clinic unless there is a
rational reason like you cannot get the
compounds and the substances you need to
make the drugs
you just cannot jack up the price to any
level that you want
according to shkreli Democrats have
rejected $50,000 of his donations even
consummate capitalist Donald Trump spoke
out against the so-called farmer bro
saying he looked like a spoiled brat
that guy is nothing he is zero he’s
nothing and he got to be ashamed of
himself
Shirley responded to Trump’s feedback
with a smile asserting that his company
is now dedicated to researching a better
cure to talk to a plasmosis
so in essence we’re taking the revenue
from daraprim and trying to come up with
better safer more effective version of
it shkreli claimed that he hoped that
donated to Sanders campaign might get
him some face time with the senator so
that he could tell him number two he
raised the price of the drug to invest
in research that’s the price I have to
pay to find a new medicine for a dying
kid I’ll raise even more the price hike
caused some serious outrage all over the
political spectrum which barely contends
that it’s all for a good cause
Advisors world clinical world
headquarters and they don’t have one lab
in there they don’t have you know any
research going on this companies cut
billions of dollars of research and they
raise price all the time shkreli claims
the tooling spent 60% of its profits on
research and development versus the
industry standard of 15% and that that
includes finding a better cure for
toxoplasmosis this is good news given
that the 70 year old drug causes many
unwanted side effects such as vomiting
headaches and insomnia just to name a
few you took care from right now you’d
get very sick and I don’t see why that
needs to be the case I think you should
be able to take a drug that doesn’t hurt
you that’s not too much to ask according
to him nobody else wants to do this the
biggest pharmaceutical companies prefer
to spend their money on marketing
existing drugs then on creating new ones
in fact they raise price on a hundred
drugs just last week and nobody wrote
anything about it turing pharmaceuticals
current leadership maintains the
rationale of the strategy and backs him
up when number one he insists
individuals aren’t paying more for the
drug you know it’s not like there’s
there’s people that are actually going
to suffer from this it’s big fat you
know corporations that pay health care
bills in the United States
shkreli claims that toxoplasmosis
patients by and large aren’t affected by
the price hike and that it’s the
insurance companies who it will end up
costing and he says he has no problem
taking money from the insurance industry
one drug even the biggest drug in the
world um can’t hit can’t influence um
health care premiums internal documents
revealed that initially hospitals and
patients reported difficulty in
accessing the drug because of the hikes
which Crowley says that by making
smaller formats for hospitals and
capping patients insurance co-payments
at $10 per month those problems were
resolved the company also provides the
drug for a penny a pill to the US
government discount program about 60 to
70 percent of our patients actually do
get it for free so what do you think is
Martin a diabolical profiteer or some
kind of misunderstood vigilante and have
you ever watched his live YouTube
streams and people stopped calling me
it hello for more heroic top tens and
widely reviled top fives published every
day be sure to subscribe to
watchmojo.com you ever mention my name
or will be there’ll be more more of a
price to pay than just this video I’m
out
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