Saturday, April 1, 2017

12 Trivia Facts About Martin Shkreli



  1. Martin Shkreli was born on 1 April 1982/1983 in Coney Island Hospital, Brooklyn. 
  2. He is the son of Albanian and Croatian immigrants who worked as janitors.
  3. He, his two sisters, and his brother grew up in a working class community in Sheepshead Bay, Brooklyn.
  4. Shkreli was raised Catholic and attended Sunday school as a child.
  5. 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. 
  6. Shkreli received a bachelor's degree in business administration from Baruch College in 2004.
  7. Shkreli told Vanity Fair that he developed an interest in chemistry when a family member suffered from treatment-resistant depression.
  8. 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.
  9. 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. 
  10. 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.
  11. 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.
  12. 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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