What unethical business practice is taking place in the case given below? Turing Pharmaceuticals’ former CEO Martin Shkreli in 2015 increased the cost of the life saving drug Daraprim by 5,000%, driving the price of the drug from $13.50 to $750 per pill, when Daraprim, costs less than a dollar to Manufacture?

MARKETING 2018
19th Edition
ISBN:9780357033753
Author:Pride
Publisher:Pride
Chapter3: The Marketing Environment
Section3.2: Volkswagen Hits A Bump In The Road
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What unethical business practice is taking place in the case given below?
Turing Pharmaceuticals’ former CEO Martin Shkreli in 2015 increased the cost of the
life saving drug Daraprim by 5,000%, driving the price of the drug from $13.50 to
$750 per pill, when Daraprim, costs less than a dollar to Manufacture?

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