Douchey price-gouging biotech CEO even douchier than we first thought

by Joey deVilla on September 22, 2015

martin shkreli serious a-hole

Yesterday, I told you about Martin Shkreli, the douchey former hedge-funder turned price-gouging pharmaceutical CEO.

His drug company, Turing Pharmaceuticals, recently bought the rights to Daraprim, a drug that’s been around for over 60 years and is the standard treatment for toxoplasmosis, which affects up to half the world’s population, especially people with HIV or who are otherwise immunocompromised. His company has since changed the price of Daraprim pills, which are said to cost $1 each to manufacture, from $13.50 each to $750, making him Big Pharma’s biggest a-hole, a field in which the competition is pretty serious.

It turns out that the Daraprim fiasco is just another data point in a long pattern of pharma profiteering über alles:

shkreli on scooterboard

And he’s not afraid to make it personal, either.

Take a look at this police report, taken by the police in Summit, New Jersey back in December of 2013:

shkreli police report

It was filed by one Timothy Pierotti, a former colleague of Shkleri’s at Retrophin turned business rival. The report is about a year-long campaign of harrassment by Shkleri, which included:

  • Stalking Pierotti and his family,
  • sending nasty texts, emails, and social media messages to Pierotti, his wife, and even his teenaged children, and
  • Gaining access to Pierotti’s Gmail, Facebook, LinkedIn, and Twitter accounts and making damaging posts.

Shkreli sued Pierotti, whose lawyers filed documents saying that Shkreli sent threatening messages to Pierotti’s wife, such as letters saying “I hope to see you and your four children homeless and will do whatever I can to assure this”…

shkreli police report 2

Click the image to read the full document.

…and creepy, cryptic text messages like this one:

hey sweetheart

Click the image to more Shkreli creepiness.

Epilogue (for now)

At the time of this writing, Shkreli has announced that they’ll lower the price of Daraprim:

You may also want to check out this article by Kurt Eichenwald (he wrote Microsoft’s Lost Decade for Vanity Fair back in 2012): Man Who Hiked AIDS Drug 5,000 Percent Faces Investigation for His Old Job.

Also worth checking out is TheStreet.com’s Worst CEOs in Biotech for 2014, and guess who’s on the list:

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