https://www.theguardian.com/business/20 ... aria-pills
The “pharma bro” who increased the price of a life-saving medicine, Daraprim, by 5,000% has been rattled by a group of Australian school students who managed to make the same drug for $2 per pill.
Former hedge fund manager Martin Shkreli last year bought Turing Pharmaceuticals and almost immediately increased the price of the drug – which has been off-patent since the 1970s – from US$13.50 to US$750 a tablet.
The drug is used to treat certain types of malaria as well as toxoplasmosis, a rare and life-threatening infection caused by the Toxoplasma parasite which particularly affects people with weakened immune systems, such as those with HIV.
Australian students recreate Martin Shkreli price-hike drug in school lab
To show how exorbitant Shkreli’s pricing of the drug was, a group of year 11 students aged 16 and 17 from Sydney Grammar aimed to recreate the drug molecule in their school laboratory under the guidance of Dr Alice Williamson and Associate Professor Matthew Todd from the Open Source Malaria consortium.
They succeeded, making the drug for a mere $2 a pill.