Remember Pharma Bro?
That’s the nickname of Martin Shkreli, the greedy investor who plunged into the depths of infamy when he upped the price of a vital malaria drug by 30 times when it bought the only company that makes it.
Well, it seems some Australian students found a way to make the pils, which Shkreli priced at $750 a pop for a mere two bucks.
In other words, you could buy 375 of their pills from what one of Pharma Bro’s would cost you, before an internal furor forced him to cut the price to a mere $375.
Besides malaria, the drug is used to treat toxoplasmosis [previously], a disease caused by exposure to cats, and parasitical infections sometimes found in AIDS patients.
Well, it looks like the price will be coming down, and very soon.
The man who became a global figure of greed after hiking the price of a life-saving drug by 5000 percent in the US, may have just met his match.
Last year, US entrepreneur Martin Shkreli bought Turing Pharmaceuticals and almost immediately increased the price of the medicine Daraprim in the US from $13.50 to $750.
Now a group of school students in Australia has replicated a key-ingredient in the medicine for just $2.
Daraprim is an anti-parasitic drug used to treat malaria and HIV patients.
One of the students taking part in the experiments, Brandon Lee said: “It was a lot of trial and error, the process. We had to repeat a lot of the reactions and try different reaction conditions in order to see which materials in which things would react to make the Daraprim. But, yeah, it was a rollercoaster of emotions sometimes. I think because we are high school students we are able to relate to a larger audience, able to relate to the general public and show that even ordinary high school students like us, are able to make this drug for a pretty low price.”