Martin Shkreli - Evil Monster or Balanced Utilitarian?
A United States drug company – Turing Pharmaceuticals – recently raised the price of AIDS medication by over five thousand percent, having bought the rights to the drug in August. Following public outcry, Turing promised to reduce the price, though not specifying the exact reduction. The ostensible justification for their previous move from $13.50 a pill to $750 was to use that increased profit for medical research. Martin Shkreli, the head of the company, says that his critics do not understand the pharmaceutical industry, implying that his company’s actions were not immoral or selfish, but balanced and prudent.