Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Former Pharma exec, Martin Shkreli Susan Walsh AP/Press Association Images

Man who hiked price of HIV drug mocks schoolkids for recreating medicine in lab

Martin Shkreli’s company raised the price of HIV drug Daraprim from €13.50 to €750 per pill.

A GROUP OF Australian school children working on a shoestring budget have recreated the HIV drug whose price was controversially jacked up 5,000 percent by a former hedge fund manager.

US drug company chief Martin Shkreli became a global figure of hate after buying the rights to Daraprim and then raising the price in the United States from $13.50 a tablet to $750.

Shkreli opted to use Twitter to mock the school children, saying that he should use secondary school kids to make his medicines in future.

Making a point

Youngsters at a Sydney school decided to draw attention to the scandal and went to work creating pyrimethamine, the active ingredient for Daraprim, an anti-parasitic used to treat people with low immune systems such as those with HIV, chemotherapy patients and pregnant women.

Student James Wood said he and his friends had started off with just $20 of the drug, and in one reaction had produced thousands of dollars’ worth.

“So we really just hope this makes a point about the nature of the pharmaceutical industry,” he told the Sydney Morning Herald.

University of Sydney research chemist Alice Williamson helped the boys synthesise the medicine using an online platform Open Source Malaria.

The pupils “shared the outrage of the general public,” Williamson said.

“The original recipe, if you like, to make this molecule was from a patent that was referenced on Wikipedia,” she said.

Turing Pharmaceuticals continue to sell the only FDA-approved form of the drug in the US, but reportedly cut the price in half for hospitals after the outcry.

Daraprim, which figures on the World Health Organization list of essential medicines, is cheap in most countries, with 50 tablets selling in Australia for $10.

Hate figure

After it emerged that Shkreli had increased the price of the HIV drug by 5,000% overnight, the unapologetic pharma boss has become a hate figure in the US.

At a meeting before US congress officials, Shkreli infuriated members by staying silent and smirking throughout.

Since the controversy surrounding Daraprim emerged last year and the similar case of another firm hiking the price of an essential medicine in the US this year, Shkreli has been seen as symbolic of the problem of just how expensive medicines are.

Reacting to the news of the Australian school children, Shkreli tweeted some sarcastic remarks about the students’ successful recreation of the drug.

“Labor and equipment costs? Didn’t know you could get physical chemists to work for free?” Shkreli tweeted. “I should use high school kids to make my medicines!

“And why buy my equipment when I can use the lab’s for free?! And those teachers who told them what to do, they’ll work for free, right.”

Several hours after being blasted on Twitter for his comments, Shkreli was more gracious in a short YouTube clip released today.

“These Australian students are proof that the 21st century economy will solve problems of human suffering through science and technology,” he said.

“We should congratulate these students for their interest in chemistry and all be excited about what is to come in this stem-focused 21st century.”

With reporting by AFP.

WATCH: Despised ex-drug CEO smirks his way through questioning by US politicians

Read: Drug company wants Simon Harris to intervene in row on life-changing drug Orkambi

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
125 Comments
    Install the app to use these features.
    Mute Hilary McDuffy
    Favourite Hilary McDuffy
    Report
    Apr 24th 2013, 7:31 PM

    The RTE click at it again,

    56
    Install the app to use these features.
    Mute Eamonn Bolger
    Favourite Eamonn Bolger
    Report
    Apr 24th 2013, 7:36 PM

    Yep

    30
    Install the app to use these features.
    Mute Gerri McCaffery
    Favourite Gerri McCaffery
    Report
    Apr 27th 2013, 12:24 AM

    Why do you say that Hillary? The guy taking over from him is an outsider, so is the new Head of News.

    1
    Install the app to use these features.
    Mute Paul Dempsey
    Favourite Paul Dempsey
    Report
    Apr 24th 2013, 10:37 PM

    So basically the headline here could’ve read: “Man moves desk.”

    47
    Install the app to use these features.
    Mute Marko Burns
    Favourite Marko Burns
    Report
    Apr 24th 2013, 8:14 PM

    They should just close it down and save a fortune. Would anyone actually notice anyway?

    46
    Install the app to use these features.
    Mute Irish Red
    Favourite Irish Red
    Report
    Apr 24th 2013, 9:39 PM

    Nope

    14
    Install the app to use these features.
    Mute Eamonn Bolger
    Favourite Eamonn Bolger
    Report
    Apr 24th 2013, 10:07 PM

    @Marko – no…..only their paymasters.

    4
    Install the app to use these features.
    Mute Peter Daly
    Favourite Peter Daly
    Report
    Apr 24th 2013, 8:24 PM

    Typical RTE Club.
    Merry go round Jobs for the Boys.
    No imagination and costing us a fortune .

    45
    Install the app to use these features.
    Mute Stephen murphy
    Favourite Stephen murphy
    Report
    Apr 24th 2013, 8:26 PM

    Was the job advertised?

    27
    Install the app to use these features.
    Mute Little Jim
    Favourite Little Jim
    Report
    Apr 24th 2013, 10:54 PM

    I think they asked Bill but he’s busy with some film thing.
    That’s advertising, right???

    12
    Install the app to use these features.
    Mute Clodagh O'Donovan
    Favourite Clodagh O'Donovan
    Report
    Apr 25th 2013, 12:32 AM

    It was actually. I spotted it on their website a while back.

    7
    Install the app to use these features.
    Mute Fussy Galore
    Favourite Fussy Galore
    Report
    Apr 24th 2013, 10:30 PM

    John McMahon resigns today and the radio listenership figures are released tomorrow. I presume that 2FM didn’t perform well in the listenership figures. Only in RTE could a person do a bad job and get moved to another area. No doubt, John McMahon is earning the same wage in his new job !

    26
    Install the app to use these features.
    Mute Michael Lee
    Favourite Michael Lee
    Report
    Apr 24th 2013, 9:38 PM

    I’d like to see Aidan Leonard take on the new role as head of 2 FM & run it along the lines of Smooth Radio/Capital Gold in the UK. Those two stations are proving to be Very Successful Operations in the UK Broadcasting Market. The current problem with Irish Independent Radio with the exception of Classic Hits 4 FM, Sunshine 106.8 FM is that, they all sound exactly the same.
    Bland, Formatted & Boring. So hopefully, the Power’s that be in RTE will Completely Overhaul & Re-Imagize 2 FM for the sanity of the Irish Listening Radio Public.

    20
    Install the app to use these features.
    Mute Marko Burns
    Favourite Marko Burns
    Report
    Apr 24th 2013, 9:44 PM

    Hey I’d love to see it as an Irish 6music but that is very bloody unlikely given RTE are still swamped in Smashy and Nicey’s….We’re still waiting for that Radio1 cull of dead wood they had in the 80s, over here.

    14
    Install the app to use these features.
    Mute Gerri McCaffery
    Favourite Gerri McCaffery
    Report
    Apr 27th 2013, 12:27 AM

    Re-imagize? Is that English?

    1
    Install the app to use these features.
    Mute David Corrigan
    Favourite David Corrigan
    Report
    Apr 25th 2013, 12:12 AM

    There’s a 2fm?

    18
    Install the app to use these features.
    Mute Keith Flood
    Favourite Keith Flood
    Report
    Apr 24th 2013, 8:52 PM

    6 comments = shit news

    16
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds