Democracy Dies in Darkness

How pharma bro Martin Shkreli described his own drug price hike: ‘Almost all of it is profit.’

February 2, 2016 at 11:33 a.m. EST
Martin Shkreli, former chief executive of Turing Pharmaceuticals, departs U.S. federal court in New York in December. (Lucas Jackson/Reuters)

In late May of last year, Turing Pharmaceuticals, then a little-known drug company, was nearing a deal to acquire Daraprim, a 62-year-old drug that fights a rare but severe parasitic infection.

"Very good. Nice work as usual," the company's young chief executive, Martin Shkreli, wrote to the chairman of the board. "$1 bn here we come."