Big Pharma CEO: ‘We’re in Business of Shareholder Profit, Not Helping The Sick’

Big Pharma CEO: ‘We’re in Business of Shareholder Profit, Not Helping The Sick’

Last July, Turing Pharmaceuticals’ CEO Martin Shkreli became a lightning rod for growing outrage over soaring prescription drug prices after he raised the price of a newly-acquired drug from $13.50 to $750. But Shkreli, who earned the title ‘the most hated man in America,’ is not the only one acquiring drugs currently on the market to raise their price and, in turn, rapidly drive up their stock price.

J. Michael Pearson, the CEO of Valeant Pharmaceuticals has enraged the internet after saying in a recent interview with MSNBC that “his company’s responsibility is to its shareholders, not the customers who rely on his drugs to live.”

via politicaldig Big Pharma CEO: ‘We’re in Business of Shareholder Profit, Not Helping The Sick’