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Martin Shkreli: 'I Would've Raised Prices Higher' | Forbes

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The provocative pharmaceutical CEO — who became “the most hated man in America” earlier this year — thinks he didn’t go far enough when he hiked the price of Daraprim by more than 5,000% overnight. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbesvideo Forbes Video on Instagram: http://instagram.com/forbesvideo More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Text Comments (986)
Got’cha (22 hours ago)
GLAD THIS PIECE OF SHIT IS ROTTING IN JAIL FOR A COUPLE OF YEARS. He has plenty of time to think about being an asshole to those in medical need, hope he dies in jail
Drizzz (10 days ago)
#FREESHKRELI
Anthony Angel (12 days ago)
Id raise my dick up higher into his mothers stomach
Winston Robson (1 month ago)
Missed the "probably" in the title
Raegan Moyer (1 month ago)
Capitalism at its maximum. He is a cocksucker.. No doubt.... But he is no different than any other CEO a capitalist
G G (2 months ago)
Dislikes are from people that don’t understand economics
Vic Kira (3 months ago)
This interviewer has no idea what he’s talking about lol
Ruben nederend (3 months ago)
these people are the true enemies of humanity , no feeling or emphaty ... psycho's wanting money and power. Crying when sentenced because they have to go to jail other then that no emotions.
REDZER_14 (4 months ago)
WE WANT HIS HEAD ON A SPIKE
I'll tell you who hates him , it's not americans . it's the insurance companies. the insurance companies are behind all of this . I dont know much about business, but i know insurance companies . I worked in pharmaceuticals and insurance companies always force patients into taking medication that is cheaper. the raise in cost would of bankrupt some insurance companies if not most of them
I admire him . he did nothing different than what other medical companies are doing . he raised the price of darapin to their standards so he could compete in the market. but the market in medicine is so heavily regulated and influenced by politics and government that he exposed them unknowingly . i love this guy
skalmaa (4 months ago)
Free Shkreli
Finance Pilot (5 months ago)
He's not an idiot. Very sound economic reasoning. Smart guy!
Nintendofan1998 (5 months ago)
reason number 13212321254652143267534143646714 why capitalism sucks
aboutface102 (5 months ago)
Here's a symptom of the disease that is Capitalism
Wilhelm Z (6 months ago)
Martin Shkreli actually did a good deed since he brought attention to how fucked up American healthcare is and in need of an overhaul.
Wilhelm Z (6 months ago)
He pimpin'
victoria evans (6 months ago)
Disgusting
Abz Al-Asfour (6 months ago)
CEOs are bad people.
Vince Hughes (6 months ago)
What a prick...
Jennifer Kong (6 months ago)
Martin Shkreli learned his lesson too late. He is not being punished for "lying to investors." He is being punished for being too honest. Speaking inconvenient truth to power is a great way to get locked up. #freeshkreli
Zach (6 months ago)
So when the bureaucratic insurance companies take money and are stingy to give back, it’s just business. But when he swindles the insurance companies and give them a taste of their own medicine, that’s “greed”?... I don’t get it.
mistax2k (6 months ago)
Look, he's only doing what every single Pharmaceutical company has and will continue to do. He played within the rules the Pharma companies wrote and gave to Congress to approve. What do you think patent extensions are? What about drug import bans? How about delaying generic approval? This game was here long before Shkreli, if anything, he brought much unwanted publicity to the whole situation.
Robgoren (6 months ago)
Yes, capitalism is great ... but NOT FOR EXPLOITING AIDS PATIENTS!!! Glad he'll spend 7 years as The Main Twink in the Clink!! Bet they're already calling him Martina. 😅😅
matthias (6 months ago)
"Don't blame me... everybody worships Mammon!"
matthias (6 months ago)
Capitalism is founded on the belief that mankind will never elevate itself above the level of beasts. So long as we believe that, we never will.
Robgoren (6 months ago)
Fucking scumbag. Glad he'll rot in jail, then hopefully in hell.
Mattias Jansson (6 months ago)
Meanwhile people die due to his actions.
Dallas Texas (6 months ago)
All these dumb asses saying he's a business man he had to do it for his lavish lifestyle. I'm pretty sure it's called price gouging. I didn't see anyone calling the guy in Houston selling 24 packs of water for 40 dollars a smart guy. He could of done a lot of good for a lot of people but he turned to the dark side and all he saw was money way more than he needed so keep idolizing this guy he might as well be the devil
Michael Angelo (6 months ago)
Wise ass is now bent over in the prison shower getting a big dose of prison sausage . Mmm , mmm , good . 🖕🏽
Robgoren (6 months ago)
Michael Angelo Oh, boy, he's gonna be one sexy twink in the clink! They'll be gouging his ass like he's been gouging aids patients.
Big Ulf (6 months ago)
thecorporation.com
rant404 (6 months ago)
Enjoy jail, you piece of shit.
Carlos (6 months ago)
He’s where he belongs: JAIL!
ants84 (6 months ago)
Karma is a bitch.
Morgoth Bauglir (6 months ago)
Martin "Prison pharma bitch" Shkreli
Aaron Dawes (6 months ago)
Asshole.
arcadiaenlightened (6 months ago)
pathological
Carla a (6 months ago)
He was crying after his sentencing. Not too funny now huh? They finally wiped that smirk off his face
Billig Mad (6 months ago)
And right NOW he is swallowing cum in prison. :) :)
tyler No (6 months ago)
Dick
Andres Gallego (6 months ago)
The Hero we deserve.
Elop BADR (6 months ago)
7 Years in prison nigga ! U deserve it
David King (6 months ago)
He could’ve raised the price from $13.50 to $27.00 which would’ve still made profit he is just a greedy little bastard. Haha I’m glad he’s going to prison, hopefully someone offs him
Timelapse 101 (6 months ago)
Now you're about to spend 7 years in jail. Don't drop the soap, homie!
Horacio Salinas (6 months ago)
A lot of us hate the guy and yet drug prices keep going up. I even doubt the drugs his company"s been selling have come down in price. The current system regards profit over almost everything else, that's the real problem.
Skinny Bones Jones (6 months ago)
He is speaking the Truth about capitalism. THIS is what capitalism is people we just prfer tp hear pretty lie from ppl like Trump who made ALL his stuff in China along with Ivanka to compete and pocket MORE cash!
Dalai Llama (6 months ago)
If anything I would have hit him with a larger piece of shit.....
holly grosshans (6 months ago)
Sociopath in all his glory. He cried at his sentencing. Don’t think he’ll make it out of prison alive. Tsk. Tsk.
Robert G (6 months ago)
This guy is such an arrogant SOB. I am all for capitalism, but not for schmucks. Glad he got 7 yrs today. Bye Bye.
Nya Stclair (6 months ago)
What good are shareholders in the medical industry?
Diego De La Vega (6 months ago)
Lol - all these morally bankrupt fanboys defending Shkreli. He just got a 7 year prison sentence. Wake up!
S. D. (6 months ago)
Intelligence is amoral.
J Sindone (6 months ago)
"I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much." - Gordon Gecko, Wall Street 1987
SeanNjen Gillum (6 months ago)
This dude is a piece of shit. i hope he gets ass raped in prison. maybe these 7 years will wake his bitch ass up. This dude aint nothing special. He is nobody. He thinks raising the price of this drug makes him the shit. well sorry to tell ya bro your still nobody. Watch. Bet he ends up getting aids while he is in prison. then he will see how it feels. and i hope some one smarter then this douche bag will take the shit away from him and dangle it up in his face while he is slowily dieing each day. then and only then will he see what it feels like. this dude needs a good ass whoopin from someone. for real. if your there to try and help people why the fuck would you turn around and raise the fucking price of a single pill so high that no one can even afford it. like what the hell. was this dude dropped on his head as a child or something. i hope he gets a wake up call from hell in prison. Fucking douche bag.
mike fini (6 months ago)
I would love to meet this piece of shit. What a fucking shit bag. He should be executed.
nick supreme (6 months ago)
He acted so high and mighty here. But when he realizes he's actually going to prison for 7 years, he cries like a little girl. Karma is a bitch Martin.
Luke Woodward (6 months ago)
Watched this on a news article and fully expected to disagree and think he was a scumbag. He's brutal, but he's honest. It's his job to make money and he's accountable if he doesn't. I, along with many people don't like it BUT at least he's got the stones to admit what he's doing AND is very clear why.
Lou Saffire (6 months ago)
Sociopaths and turds are always able to explain their lack of ethics.
PyroKing570 (6 months ago)
Why does everyone hate him lol
Matthew Redman (6 months ago)
people that say he's amazing, he's not. Raise the price sure but not 50 times its original price that's not going to make a business last either. The person I idolize is the man who created the polio vaccine. He didn't patent it, so even though he missed out on a fortune, he rid polio from the world. He is the true embodiment of a great man
Matthew Redman (6 months ago)
Radical Vlad he is unusually emotionless. His actions and attitude has shown that he's a man who thinks about only money, and in that regard he's actually an acute businessman and in any other sector I'm sure they'd be no problem, but his attitude has won him no allies and he's proven that for being jailed just now for 7 years. He's simply pricing the company out of the market, there will be a company which will do things cheaper and will steal the business. Its like Yamaha back in the crash of 2009 their products became hugely overpriced compared to some other equally good brands and not surprisingly the other brands got all of the business, the only way putting the price up 5000% works is by having a captive market. It won't last forever
Matthew Redman (6 months ago)
Sokol Kristollari true, but investors will lose out in the long term because he is pricing the company out of the market.
Sokol Kristollari (6 months ago)
As a CEO you own to your investors and in the end of the day you report to them. The person you idolize he was acting alone which is different scenario than todays reality
willy willy (6 months ago)
His judge may say this to him at his sentencing. He really should've just done what he was very excellent at; Run hedge funds, biotech companies, and try to live a drama-free life.
Evan Wilkinson (6 months ago)
He enjoys rubbing ugly truths in our faces and that's why we hate him.
It's very simple. Another company has an opportunity here to get a competitive drug here, and undershoot his price. His company will plummet once their are options.
Actually that was Martin Shkrelli's analogy that he used... That if it was Bikes and not Pills... No one would care. And when I mentioned that there was already a competitor who had made a drug for $1... It was fact. A new competitor came in at $1 per pill. Less actually. It was to treat AIDS patients. And it's also a fact that Martin is now in jail for 7 years for fraud. Not to do with the prices. It should be noted that he also had to confess to the court that "The Government is not after him, this was my own wrongdoings, my own faults." And his own lawyer said that he was lucky he didn't get 14 years
Theory: I buy a bicycle company that sells bikes for bike prices. But when I buy it, I will sell the bike at Aston Martin prices. Who cares? I can do whatever I want. This way the profit can go to better R&D for better future bikes and bike lessons. I can also just make some real good money off this, especially since their is a small population of people out there who need a bike. Reality: The people who need a bike are pissed. You brush them off. You become a public enemy because of your attitude, contradictions and ego. Sponsors had enough of you and they drop you. This forces you to act like you care, and you will drop the price of the bike from an Aston Martin cost to a Toyota cost. Except, that doesn't last long because the $55 million dollars you spent on this bike company was way overpriced... and you have to resort back to your old tactics. These lies make you even more enemies - like politicians who open up the flood gate to review your business model. The business model has dozens of holes in it and that puts you up in front of Congress and the Federal Court. You use the internet to reach an audience of people who respect the balls you have to give the government the middle finger... But don't tell them of all the illegal activities going on in your company to keep you afloat. Like lying to share holders, investors and sponsors. So SOME people love you and MOST people hate you. But at the end of the day who cares? Because 2 things happen.... (1) Another Bike Company finally comes into play and puts their bike cost at regular bike prices. (This company is called Imprimis PRx - who sold their pills for a 1$. Oops, I mean they sold their bike for bike prices). (2) You go in front of the Federal Government to hear the Judge's ruling on your future. You get 7 years for the illegal activities ran at your 2 Hedge Funds and at your Rx company. A ruling that his own lawyers said was a blessing. As it could have been worse... But the judge had acted fairly.
Adasek S (7 months ago)
And now he's in prison.
King C (7 months ago)
So happy he’s Bubba’s bitch in prison
King C (7 months ago)
Greedy mother fucker.
Cloo Lcoo (7 months ago)
one word: warrior. two words: warrior. warrior.
musicalman1995 (7 months ago)
It’s not all about maximising profits. It’s about maintaining ethics, which you failed to do.
Lorelai Nokomis (7 months ago)
Piece of shit! I worked in the pharmaceutical testing industry (PPD - pharmaceutical product development in Austin).. I had to deal with fuckers like this continually! I was making mega bucks but I just couldn't take what I was witnessing (pharmaceutical companies giving us yachts and Rolexs & trips to Morocco to try to get us to get their drugs FDA approved) so finally got to my breaking point and walked.. took a minimum wage job! Very sad and eye opening!!!
Coinraker (7 months ago)
Guy's an idiot. Yes CEOs are supposed to do what's best for shareholders "including" keeping up the company image.
Mar Du (7 months ago)
love it :) He is 100% accurate if people want to understand him they must  go to business school.
Carpet Climber (7 months ago)
Psychopath school you mean
Hrithmus (7 months ago)
I didn't like this guy at first. Not going to lie but the more i been reading about him and the more i listen to his videos. The guy is a really smart business man and really understands the medical field for pills. He is very misunderstood. Lets face it. There is a game you need to play and he's playing it. All the respect to him.
Dios Mio (7 months ago)
My man Shkreli, i would have done the same.
Faisal Al-Enizi (7 months ago)
*Martin Shkreli is a real hero*
TAProductions (7 months ago)
I don't like this guy at all but I do respect the fact that he's coming out and saying what all these billionaire business men aren't allowed to say. This guy just let's it known he's a piece of shit
Good human be happy (7 months ago)
Everyone shrieks and comments against it but let's be honest most of you human scum bags would do the same thing. Just look at how fucked up you all are against each other in the comments section. ..always ready to jump in the lynch mob attack mode but your greedy ass wouldn't give second thought to bettering yourself as long as you could get away with it. It's a sad thing but most of you are really shitty people who don't care about anything but yourself.
H Lee (7 months ago)
He's the most honest CEO ever.
Konrad (7 months ago)
How many journalists got the hep C analogy? I know.
Michael Alexander (7 months ago)
A CEO's main goal is increasing profits to appease shareholders and that's why healthcare should not be a for profit business.
Michael Alexander (6 months ago)
Two different things. Someone's well being should not have a price attached to it.
Master Debater (7 months ago)
The only reason this man gets as much hate as he does, is simply because people and politicians love having someone to hate on. Raise price of drug = bad. No one asks why? What exactly did Martin say in this video that's wrong?
Kaydeezable (7 months ago)
I hope he gets HIV
inlighten15 (8 months ago)
id almost say the first problem is having investors. used your own money to fund your business.
C CHIMEX (8 months ago)
True honest face of capitalism, a barbaric moribund system.
JundaComputersGmbH (8 months ago)
Why all the hate on this guy for price gouging? Apple does the same shit with their iPhone's, it cost Apple $200 to manufacture an iPhone and they sell it to you for $900 and they slow down your iPhone with iOS updates, it becomes unusable slow which forces you to pay $900 again for another iPhone every 2-3 years, while paying the Chinese workers in the iPhone factory less than $2 USD an hour wage and they work 70+ hours a week, the irony is that the Chinese worker assembles 1,000 iPhones a day but he/she cannot afford even 1 iPhones for themselves, why doesn't Apple get hate for all of that?
Martin Z (8 months ago)
yeah man hide behind your shareholders why dont you. with that logic noone can ever be accused of being greedy because its "for the shareholders"
joobular (8 months ago)
This guy is full of shit. In his other interviews he keeps going on about the lack of treatments for rare diseases and that he raised the price of daraprim so that he could help these sufferers and extend their lives through the research and development of new drugs. In this interview he basically admitted that its all about profit.
Danny Bustos (8 months ago)
That question at 0:50 just shows this interviewer isn’t even worth Martin’s time.
Christopher Meyers (9 months ago)
He might be a complete greedy bastard but he's just smarter and more ballsy to actually pull the trigger and do it.
Black Panther (1 year ago)
no comments?
Cipreano Solis (1 year ago)
I don't understand it. It's greed and fear. I'm generous and fearless. What do you think we need more of. But I can't think of a better economic system than Free Market Capitalism. I would just say that I think we are systematically destroying our environment.
Dee Adamz Vevo (1 year ago)
forbes your doing a great disservice by writing these stories and not giving both sides of the conflict (here) i assume. i dont think u should just call him the most hated man because i honestly dont think anyone is hating on him. you should look at the way you have phrased your topic of discussion
Dee Adamz Vevo (1 year ago)
he is the most hated man in america because the media wants to reveal him to the public as that. i dont see anyone from the public shitting on this guy and thats why we leave him alone.
free lance (1 year ago)
How CUM he didn't take the fifth amendment ? lol
Jamie Reese (1 year ago)
Seriously fuck this greedy bastard. If he he got sent to the moon or died the world would be a better place
Richard Wilson (1 year ago)
it's very funny these comments are full of people who support him because they've never encountered hardship in their life and needed the help of someone else.
pirateking of Somalia (1 year ago)
As a nihilist. I truly admire this man!
shadepotatoe (1 year ago)
Sociopathic spoiled brat & pathological liar. A real cancer on the world. Only little wannabe edgelords would fall for his *obvious* bullshit. Spoiled brats everywhere.
Chris billing (1 year ago)
thumbs down just because its forbes channel
Darin Walker (1 year ago)
We will never be free from the destructive nature of greed until we abolish the stock market. Greed is not a victimless crime.
Darin Walker (1 year ago)
The stock market is to blame for greed. Think about it. It's the worst financial invention ever in history.
Andrea Allen (1 year ago)
you deserve to look like that

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