Notorious 'Pharma Bro' Martin Shkreli Reveals Crypto Startup Shvets
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Martin Shkreli, a former pharmaceutical executive best known for pumping the price of a life-saving drug by 5,000%, is launching his new cryptocurrency-focused startup called Druglike.

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Shkreli's new venture is aimed at democratizing the costs, access, and rewards of computational drug discovery, a press release says. Shkreli, who was released from prison for lying to hedge fund investors, says his new project will "remove barriers to early-stage drug discovery, increase innovation and allow a broader group of contributors to share the rewards." He added:

"Underserved and underfunded communities, such as those focused on rare diseases or in developing markets, will also benefit from access to these tools."

Based on a "decentralized computing network" with a modernized consensus algorithm called Proof-of-Optimization, Druglike will also give validators the way to monetize their efforts for a native token called MSI.

With MSI, validators can run both solver and validator nodes "powering industrial-scale virtual screening campaigns," the press release says.

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