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MARTIN SHKRELI- THE BAD GUY OF BIOTECH
A drug firm raises the cost of its product from $13.50 to $750 and its CEO becomes the most hated man in America. After his arrest for the alleged frauds committed by him, another small drugmaker, Imprimis Pharmaceuticals releases its own version of Daraprim available for just $1 a pill, cheaper than it was before. So would it put a full stop at the very existence of Turing Pharma, the company which introduced the price hike? Is the price hike of drugs a quandary and a totally novice concept in the industry? Or is it something else that has resulted in the birth of this bad guy of biotech?
If found guilty, the charges against Shkreli would put him behind bars for a long time. He’s accused of lying to investors about how much money he was making and using investments to pay other investors off. This is a ponzi scheme,which our government does not take lightly..
Read More: Biotecnika Magazine- January 2016
Shekhar Suman is a Serial Entrepreneur and the Co-Founder of Biotecnika. Magazine is a way he wants to recraft the way industry opines and expresses its views. With years of experience under his belt, he captains the ship with prudence and perfection. He is the chief-editor of Biotecnika Magazine and a big inspiration to the bio-community.
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