In the United States, there is such a "financial medicine god".
When he was less than 30 years old, he knew the doorway of hedge funds and could easily short a pharmaceutical company;
It can also stir up the U.S. drug market overnight, criticized by Hillary Clinton;
It is said that by giving him a chemistry book, he will be able to fully understand the contents of the book in a few months, and there is no need for a teacher at all;
Even because I like to play "League of Legends", I also bought a team to play and participate in the game to have fun;
He was the infamous "genius" – Martin Shkreli, Martin Shkreli. Shkreley.
The Martin brother once turned the United States upside down and spewed judges in court, the BBC said directly
He was "america's most hated man."
But the cow breaks like him, and there are times to play off.
Just a few years ago, Martin was arrested by the FBI and sentenced to 7 years in prison for securities fraud and wire fraud.
Coincidentally, last month he was released after completing his sentence early.
In full view of everyone, Martin quietly announced that he was about to enter the FIELD OF WEB 3, which once again aroused the attention of major foreign media.
What is madman on the left and genius on the right?
After watching the controversial half of the american "medicine god", maybe you understand.
There was no lightning and thunder on the day Martin was born, but the day was quite suitable for him——
April Fool's Day, April 1, 1983, was indeed a joke.
Because his doorman father and cleaner mother did not expect that he had actually given birth to a "wall street wolf" in the pharmaceutical industry.
From an early age, Martin had a keen interest in two things, one was finance and the other was medicinal chemistry.
To put it bluntly, it is to lay the foundation for his future hedge fund career and pharmaceutical career.
"Everybody says Microsoft is an evil empire, but I only see the empire."
Martin's idol is none other than Bill Gates.
Out of respect for his idol and the necessary conditions for becoming a big guy, he did not finish his high school studies.
Martin, 17, left Hunter College High School in New York early to enroll high-IQ gifted children and went directly to a financial company for an internship.
The company's name is Cramer Berkowitz,
The operator is JIM Cramer▼ , a financial expert at CNBC
Although he was just starting out, his riotous operation immediately impressed everyone.
At the time, Martin expected a company that made diet pills to be catty, and predicted the downward trend of its stock price, and the company's hedge fund made a lot of money.
This move directly attracted the attention of the Securities and Exchange Commission, suspecting that the boy was either a lucky gambling dog or had moved something.
However, who would have thought that this hedge fund, who has been familiar with medicinal chemistry since childhood, can distinguish who is "fake at a glance".
To put it simply, the reason for Martin's success is that he knows more about pharmaceuticals than he plays finance, and he understands finance better than he plays pharmaceuticals.
At that time, the U.S. investment market, using emerging drug technology to defraud financing, was a big deal.
To talk about this, we have to mention a thing called FDA certification (US Food and Drug Administration certification).
In the American environment at that time, the cost of new drug development was too high, which led to the difficulty of production of pharmaceutical companies. Therefore, the FDA's certification standards had to be lowered, and in order to promote the market, such a clause was born:
Companies that develop new drugs, in the case of not being fully confirmed, can reduce the price of drugs to sell in advance, while selling while looking at the effect, the effect is good to stay, bad to leave.
Medical Nihilism,
These practices are also heavily criticized
Such a double-edged sword system immediately allowed all kinds of cattle and horses to participate in pharmaceuticals.
As long as you dare to blow, some people dare to invest money, even if this drug has a fraudulent nature, almost no one complains, everyone only cares about whether there is a dollar to earn.
Although 85% of drugs will eventually be eliminated.
But, everyone is willing to bet that 15%.
This deformed market can be said to have just hit Martin's gun.
Therefore, he used his market sense of smell like an open hanging, and used others to dare to think and dare not do it, shorted all kinds of fake pharmaceutical companies, and made a large amount of money from arbitrage.
During this time, he was high-profile, despite the risk, and also founded a hedge fund THAT changed his fate, MSMB, although the specific profit is not clear, but in just two years, MSMB can come up with 300 million US dollars to buy other companies.
Even those who invested in the fund are said to have ended up making tens or millions of dollars.
Martin's fame has risen to prominence, and he has become the object of many people's pursuit.
A hedge fund manager who had intersected with him had this to say about Martin:
"He may have an IQ of 160-180, but his behavior is very strange, I asked him a question, he just looked at me without saying a word, at this point I realized that he may have gone to think about another question."
However, there are always times when a horse loses its front hoof.
After the brother made several wayward misjudgments, his hedge fund MSMB lost very little, and he was accused of malicious acquisitions and other acts.
Seeing that the hedge fund did not take the lead, Martin immediately transferred assets and started a pharmaceutical company, Retrophin.
"Dragon Slayer Warriors Eventually Become Evil Dragons"
Martin also officially began the transformation from the financial field to the pharmaceutical field.
Martin declared that he wanted to develop a treatment plan for rare diseases, pursue science, and realize value.
But his real purpose didn't seem to be, and it wasn't long before Martin was fired from the board of his own company, Retrophin.
Later, the old owner broke the news, which basically means that he is full of false mouths and empty, and everything he does is an act of coaxing investors.
Martin, who was on the cusp of the storm, had to sort out his mood and then set off.
At this time, just in 2015, he started a new pharmaceutical company "Turing".
This was the beginning of the future anger of the United States.
Margo has been in the circle for so long and knows which way is the easiest to pick up leeks.
Therefore, his new business is to get some "old-fashioned rare drugs", and then re-license, price, and sell to the market.
For example, it was withdrawn from the market in 1997 as a niche drug for the treatment of Duchenne muscular dystrophy. Pharmaceutical companies think that the market is too small, and they have long wanted to sell cheaply, so Martin gave the disk down.
This practice is quite opportunistic, like a low-cost gamble.
Because of the low purchase price of such drugs, there is no need to invest in research and development costs, lack of competitors, and the right to repricing.
Bet wrong, at most smash in the hand, small loss; If you bet right, you can basically monopolize the market directly and earn blood.
One day, Martin bought a 1953 unpopular drug, Daraprim, for $55 million.
Daraprim can treat toxoplasmosis, which is susceptible to HIV and malaria patients, and because the phyla is too biased, there are almost no alternatives to the same type.
Moreover, the price of this drug, which has not risen due to inflation for decades, has always been 13.5 US dollars / tablet, which is also a conscience medicine.
But after Martin acquired it, he directly sold it to $750 / piece.
After all, there are no competitors in the market, patients have no other choice, the law has no relevant restrictions, how to pricing is not Margo's decision?
One pill rose by 5500%▼
The patient is in danger, and it is reasonable to make this kind of conscience money.
So, the New York Times followed the report, the American Infectious Diseases Association condemned, and even Hillary went down to criticize Martin's approach.
This also caused strong condemnation from the american people, who scolded Martin as a bastard.
Martin used a metaphor to argue succinctly against his approach:
"If there's a company that sells Aston Martin for the price of a bike, and then we buy that company and charge the price of Toyota, I don't think that's a crime."
Margo's dismissive response to critics ▼
Unable to bear the condemnation, Martin added his reasons later.
For example, he says the 1950s drug is so old that people need iterative new drugs, and the price is raised just to make up for the cost of research and development. After all, this drug is too niche, and it will not make money without price increases.
However, the leak occurred overnight, and suddenly a company called Imprimis stepped forward and said that it could provide an equivalent alternative medicine for only 1 dollar per tablet, or to ensure that it did not lose money.
This has set off a wave of discussion in the whole society.
At this point, Martin again made some rebuttals, but it didn't make sense.
Not only because he was punched in the face, but mainly because he would have to go to jail immediately.
Securities fraud, investor fraud, Ponzi schemes and other crimes have been turned over, and the evidence is conclusive. And these things are all the old bottoms he committed in the years of hedge funds.
Although he hired a lawyer at a high price, due to the one-sided suppression of public opinion, even the jury did not bother to say a few words for him.
It is worth mentioning that from the court trial to the arrest, this old brother has always been full of contempt.
In the environment where every person spit can drown him, he still maintains a crooked smile, as if taunting the entire American society.
Even in the courtroom, the whole process of angering the judge, the golden sentences frequently came out.
The media called him garbage, capitalist scum, scum, and the name "America's most hated man" also came into being.
This veritable madman never really stopped.
Financial and pharmaceutical careers aside, he is also fanatical about League of Legends.
He wanted to buy LOL team Enemy eSports for $1.2 million, but was rejected.
In desperation, he set up a team, called Odyssey, the goal of the North American Challenge, the result was also lost, and finally went to DOTA 2 to find a way out.
Fund predator, nothing to live play LOL ▼
Funny, the guy also bought out rap group Wu-Tang's album ownership.
And tweeted during the 2016 Trump campaign, saying:
"As long as Trump wins, I will share the download channel of this album for free."
However, everyone is still waiting for him to fulfill his promise, and Martin has been taken away by the police.
In recent years, in order to get out of prison early, Martin has done almost everything that can shorten the sentence.
Therefore, last month, the elder brother officially returned to society, and as soon as he came out, he did a big ticket.
Because his pharmaceutical qualifications are limited, coupled with the changes of the times, Martin intends to get involved in the frontier field WEB3, and vigorously made a pharmaceutical network platform - druglike (not yet officially launched).
Brother's new website ▼
Not only that, he also went on an interview program to talk about the changes in the past few years.
Martin even posted a video on YouTube announcing that he was going to get a OnlyFans account . . .
All in all, no one can guess what this old man will do next.
He is a one-of-a-kind speculator who can quickly build up industry barriers while at the same time being controversial and has a mixed reputation.
Many people are speculating that if his WEB3 pharmaceutical really plays clearly, will it subvert the whole United States and even the entire industry again in the future?
No one can say for sure about this, but the bad reviewer knows that a large number of investors must be ready to bet on Martin.