The Iced Coffee Hour Martin Shkreli on Making Billions, Going To Prison, and Being The Most Hated Man In The World
Feb 19, 2024
Martin Shkreli shares insights on his prison experiences, investments since childhood, handling hate as an entrepreneur, and his controversial persona. Delving into drug pricing, government power, and thoughts on Trump's future.
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Bought A Neglected Drug And Recommercialized It
- Martin describes buying a tiny orphan drug and increasing its price from $2,000 to $80,000 per year.
- He says commercialization and targeted physician outreach raised awareness and patient access.
Insurers Pay For Critical, Rare Treatments
- Martin explains insurers usually approve life-saving drugs because cost per case is tiny for large employers.
- He says managed care aims to spend where it genuinely saves lives, not to reflexively deny treatments.
Refuse To Let Media And State Own You
- Martin argues publicly defying media and government removes their control over you.
- He framed his response to critics as a way to neutralize institutional power.