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Martin Shkrkeli

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Submitted By haneyljacob
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Paying the price to stay alive
Haneyl Jacob

Martin Shkreli, the 32-year-old CEO of Turing Pharmaceuticals, might be the most detested man on the planet at the moment. His organization recently obtained the rights to Daraprim. Created in the 1950s, the medication is the best treatment for a moderately rare parasitic infection called toxoplasmosis. Individuals with weakened immune systems, such as Aids patients, have come to depend on the medication. The U.S. House Committee on Oversight and Government Reform is researching Shkreli's choice to raise the cost of the life-sparing drug from $13.50 per pill to $750.
Shkreli has contended the Daraprim cost increment was justified in light of the fact that the medication is specialised. The business claims its goal will concentrate on medicines for serious diseases for which there are limited alternatives. "We are committed to helping patients, who often have no successful treatment choices," an announcement on Turing's site said.
So far the uproar over drug pricing has created a noteworthy headache for pharmaceutical firms but few results. Several dug companies have made comparative moves raising the cost of rarely used medication, however few have so openly addressed these issues. Valeant Pharmaceuticals raised the cost of heart prescriptions Isuprel (525 percent) and Nitropress (212 percent), among others.
Drug organizations enjoy patent security on their medicines for a long time from the date of filing, and can change the recipe slightly to reset the clock, or pay the non specific producers to force them to quit making alternatives. They can likewise buy drugs on the open business sector, distinguishing profit making opportunities with the security that no one can confine what they charge. Organizations can likewise get selective advertising rights for a medication for anywhere in the range of six months to...

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