Martin Shkreli on Drug Price Hikes and Playing the World’s Villain

Perhaps it would be possible to attack this market using a different approach. The classic startup path is approximately --> geeks hammer out MVP product, get some funding and try to grow as quickly as possible, and either go big or fail. I got this idea after watching the Vice interview with Martin Shkreli (obviously not a role model)[1] Shkreli made the leap from hedge funds (betting against pharma companies) into becoming the CEO of a pharma company, which apparently does research in addition jacking up the prices of HIV drugs (Shkreli actually gives out chemistry lessons on youtube[2]). So maybe some geeks could try getting funding, buy up some underappreciated, undervalued but already FDA approved drugs, and using the cashflow to do further research, or develop cool new products or services in the healthcare space instead of the traditional, risky route. (I'm not advocating jacking up the prices of critical lifesaving drugs obviously). [1] [this video] [2] [link]

You've got it backwards. Shkreli served time because of public opinion and the things he revealed about the medicare drug pricing [1,2,3] Shkreli's case shows the partiality, politics and bias embedded in our justice system. He was unable to even serve the remainder of his sentence under house arrest as very reasonable covid safety precautions despite his crime being entirely nonviolent. The justice system is in many ways the government's instrument of vengeance. You can clearly see this with O.J. Simpson's 33 year sentence in 2008 for armed robbery. Essentially, a new fluff case was used to dole out an improportionate sentence. as retribution for the murder of Nicole Brown and Ron Goldman. [4,5] The truth is that Shrkeli pissed off a lot of people in powerful places. None of the investors wanted him tried because he ended up making them all a lot of money. [1] [link] [2] [this video] [3] [link] [4] [link] [5] [link]