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FILE - In this Feb. 4, 2016 file photo, pharmaceutical chief Martin Shkreli speaks on Capitol Hill in Washington during the House Committee on Oversight and Reform Committee hearing on a decision by his former company, Turing Pharmaceuticals, to significantly raise the price of the anti-parasitic medication Daraprim. A bill awaits Vermont Gov. Peter Shumlin's signature in May 2016 that would make it the first state requiring drug companies to explain their price increases. The legislation would have regulators develop an annual list of up to 15 drugs that have seen the biggest price increases. Manufacturers then would have to justify the increases to the attorney general's office. (AP Photo/Susan Walsh, File)

Martin Shkreli is taking bids for a chance to punch him in the face. No, really.

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Martin Shkreli wants you to punch him in the face. Literally.

I think important medicine should be expensive because they're valuable.
Martin Shkreli, on EpiPens

The former Turing Pharmaceuticals CEO made headlines by acquiring a drug used to treat HIV and increasing the price by 5,000 percent. He later defended Mylan, owners of the EpiPen, for raising the price of its drug used to treat severe allergic reactions.

Why the punch? Shkreli's friend, PR manager Mike Kulich, died of cancer on Saturday.

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Shkreli agreed to match the bids for a punch to his face "to a certain point" and will donate proceeds to a memorial fund for Kulich. So far, that fund has raised about $5,000, <b>according to its GiveForward page</b>.

Winners can also nominate someone else if they doubt their punching skills, <b>USA Today reports.</b>

A bidding war quickly escalated into five figures.

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