- Martin Shkreli was born on 1 April 1982/1983 in Coney Island Hospital, Brooklyn.
- He is the son of Albanian and Croatian immigrants who worked as janitors.
- He, his two sisters, and his brother grew up in a working class community in Sheepshead Bay, Brooklyn.
- Shkreli was raised Catholic and attended Sunday school as a child.
- Shkreli attended Hunter College High School before dropping out before his senior year due to a lack of interest, but received the credits necessary for his diploma through a program that placed him for his first internship at Wall Street hedge fund Cramer, Berkowitz and Company (founded by television personality Jim Cramer) when he was 17.
- Shkreli received a bachelor's degree in business administration from Baruch College in 2004.
- Shkreli told Vanity Fair that he developed an interest in chemistry when a family member suffered from treatment-resistant depression.
- In 2006, Mr Shkreli started his own hedge fund, Elea Capital Management but the fund closed a year later after a $2.3 million lawsuit from Lehman Brothers, which collapsed before it could collect on the ruling.
- After Elea, Martin Shkreli started MSMB Capital Management in 2008, a hedge fund that would be his launch pad for founding biotech firms including Turing that acquired the rights to Daraprim.
- Turing Company only has two products on the market Daraprim -- a drug developed in the 1950s which is the best treatment for a relatively rare parasitic infection called toxoplasmosis and people with weakened immune systems, such as Aids patients, have come to rely on the drug; and Vecamyl -- a drug for treating hypertension.
- Shkreli, gained national notoriety for a 5,000% price hike on a Daraprim arguing that the price increase was warranted because the drug is highly specialised; he likened the Daraprim to an Aston Martin previously being sold at the price of a bicycle. The additional profits he said will be used to make improvements to the 62-year-old drug recipe.
- He recently launched his website dubbed "Pharma Skeletons" with the following quotes:
- "Look in the mirror. This website took me half an hour to make, just 'membering a few moments from the past," wrote Shkreli at the bottom of the page. "Pharma is a wonderful industry that does great things, but trying to throw me under the bus is foolish."Also keep in mind that I took a very low or zero salary at all of my companies," he added. "Your CEOs enjoy the fat paychecks they receive from price increases."
- “Just a reminder. You: A Washington Lobbyist piece of s—,” Shkreli writes. “Me: A guy who has done R&D and started two drug companies. When you learn what a nitrogen atom is, you can talk about me.”
References:
http://fortune.com/2017/01/24/martin-shkreli-drug-price-war/
https://en.wikipedia.org/wiki/Martin_Shkreli
http://www.bbc.com/news/world-us-canada-34331761
https://www.statnews.com/2017/01/23/shkreli-revenge-drug-industry/
http://www.pharmaskeletons.com/
http://www.vanityfair.com/news/2015/12/martin-shkreli-pharmaceuticals-ceo-interview
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