Drug Goes From $13.50 a Tablet to $750, Overnight. More increases to come!

This smug, greedy POS is exactly what is wrong with the world today and is the personification of what I hate in humanity. His attitude while answering these questions shows you a psychopath in action. If I believed in a hell I'd say this guy was either spawned from it or will soon be taking up residence there and for obvious good reason. He is the kind of person that deserves to have a body riddled with disease and suffering with the cure kept just out of reach.



Philosophically speaking my judgements of him probably sound harsh and I'd agree they are and I've even toned them down from what I really think of him. Yet I'd still like to understand how it is that some could forgive behavior like his. If someone could explain to me how that is possible I'd like to have it reasonably explained how it's done. Because I don't think it's possible.

a reply to: infolurker

Can't relatively anyone knock off a generic? What's to stop another company for cranking out one at a lower price? Obviously not an area where I have much knowledge.

There is no way anyone can justify such a large increase.

a reply to: mOjOm

Martin Shkreli, 29
Founder, MSMB Capital
As an activist hedge fund manager specializing in healthcare stocks, torpedoed the proposed merger of Amag Pharmaceuticals and Allos Therapeutics by launching his own hostile bid. Antagonized Pfizer to remove former CEO William Steere from its board. His latest: founding a biotech focused on rare diseases.

www.forbes.com...

Hostile bid eh?

originally posted by: mOjOm
This smug, greedy POS is exactly what is wrong with the world today and is the personification of what I hate in humanity. His attitude while answering these questions shows you a psychopath in action. If I believed in a hell I'd say this guy was either spawned from it or will soon be taking up residence there and for obvious good reason. He is the kind of person that deserves to have a body riddled with disease and suffering with the cure kept just out of reach.

Philosophically speaking my judgements of him probably sound harsh and I'd agree they are and I've even toned them down from what I really think of him. Yet I'd still like to understand how it is that some could forgive behavior like his. If someone could explain to me how that is possible I'd like to have it reasonably explained how it's done. Because I don't think it's possible.

He is clearly a smug little snot. Probably highly intelligent and doesn't have an emphatic bone in his body. However, it is his company and he can run it how he sees fit. He might run it into the ground or he might actually do something good. My guess is that he sees an opportunity to make a ton of money in the short term and get out quickly.

Whether it is minimum wage, drugs, etc. I still challenge liberals/progressives/socialist to put their money where their mouths are and open their own companies. If you believe you can make money as a pharamceutical company giving away medicine, then by all means put up your own capital to do so.

a reply to: Edumakated

I don't doubt his business skills or his intelligence. I also never said to give anything away. But these pills were sold for a dollar a pill. Then went to 13 bucks a pill. Then he buys it and raises it to 700 a pill??? Obviously that jump in price wasn't needed in order to make his company stay out of the red. Add to that the fact that doctors, health providers, etc. all are saying it's too much. He is the only one who agrees with his choice because he gets to profit off of the sickness and death of people who need it.

This has nothing to do with partisan leanings. I don't fault him for his political stance whatever that may be. He could be a raging progressive for all I know. That still wouldn't change the fact that he is deliberately making a profit off the suffering of others many of whom will simply die as a direct result of his uncontrollable greed and selfishness. I would have the same feelings toward him if it came out that he was a repeat child rapist. My sickness toward him would be the same as it is now because I see his actions as being on the same level.

Unless you think you can convince me otherwise which is why I asked. But so far you haven't even come close to swaying my opinion of him or what he's doing.

originally posted by: Edumakated
If you believe you can make money as a pharamceutical company giving away medicine, then by all means put up your own capital to do so.

Actually, I would rather see a lot of Pharma Companies go out of Business when they do crap like this.
There are Hundreds of Drugs that have been in existence many years that can be made cheaper by drug companies in other countries.

What is that saying? If others can do the job cheaper, than you are being overpaid.
They are being Overpaid!

Instead, we get things like the TPP where Big Pharma gets protection from competition in other countries.
They hate competition.

Parasitic Investors, Hedgefund Managers and Pharma Agents have a nice place in Hell waiting for them.

originally posted by: mOjOm
a reply to: Edumakated

That still wouldn't change the fact that he is deliberately making a profit off the suffering of others many of whom will simply die as a direct result of his uncontrollable greed and selfishness.

There are evil people in this world and he is one of them.
If it was legal to grind up babies and make oil out of them to sell for a million dollars an ounce as a youth serum, people like him would be all over it.

originally posted by: boohoo
The names, photos and work address of the people responsible for these price increases, needs to be made public. Since government will do nothing, the "community" needs to be given a chance to determine the consequences of these individuals actions.

Do you have a photo of yourself to present? The pubic is responsible for the patent system that allows the pricing, and the public is responsible for Obamacare and other insurance systems that pay unlimited profits to big pharma. So, I blame you. Unless of course you want to present a link to a post where you are encouraging others to ignore or otherwise change IP laws. The community has had the chance to vote in a way that made sense, and they chose to vote against them self. Such is the consequences of a stupid and unthoughtful populace.

originally posted by: boohoo
The names, photos and work address of the people responsible for these price increases, needs to be made public. Since government will do nothing, the "community" needs to be given a chance to determine the consequences of these individuals actions.

Even better, find out where they live and open a treatment clinic right next door. I bet they won't feel comfortable having "infectious patients" walking around nearby.

LOL!

Unless you got malaria. I aint too worried about it.

What is this medicine? PYRIMETHAMINE (peer i METH a meen) is an anti-parasitic medicine. It is used to treat and to prevent malaria. This medicine is also used to treat an infection of toxoplasmosis.

www.cvs.com...

a reply to: neo96

It's a smaller world than we should be enjoying, Neo. www.cdc.gov...

originally posted by: wayforward
Do you have a photo of yourself to present? The pubic is responsible for the patent system that allows the pricing, and the public is responsible for Obamacare and other insurance systems that pay unlimited profits to big pharma.

Pharma and Insurance Lobbyists Bought out politicians for us to pick from.
If it was Romney or Obama, Big Pharma was going to get their way!

Here is your photo.
They make so much money raping people that they are able to outspend all other sectors when it comes to buying politicians.

www.opensecrets.org...

Top Lobbying Industries

Pharmaceuticals/Health Products $3,146,090,212
Insurance $2,190,651,832
Electric Utilities $2,013,127,133
Electronics Mfg & Equip $1,823,347,451
Business Associations $1,811,811,643
Oil & Gas $1,715,405,541
Misc Manufacturing & Distributing $1,416,425,661
Education $1,399,862,870
Hospitals/Nursing Homes $1,310,021,801
Telecom Services $1,271,840,866
Securities & Investment $1,264,774,284
Civil Servants/Public Officials $1,216,181,432
Real Estate $1,215,135,758
Health Professionals $1,189,983,794
Air Transport $1,125,384,003
Misc Issues $929,225,311
Automotive $891,793,138
Defense Aerospace $887,354,553
Health Services/HMOs $863,410,051
TV/Movies/Music $851,379,595

originally posted by: pavil
a reply to: infolurker

Can't relatively anyone knock off a generic? What's to stop another company for cranking out one at a lower price? Obviously not an area where I have much knowledge.

There is no way anyone can justify such a large increase.

I'm sure it's possible, but you would have to set up the manufacturing process, create and sterilize a manufacturing plant, get and store all the chemicals that are needed.

originally posted by: burdman30ott6

originally posted by: strongfp
Who the hell is going to buy this drug?
If it's a parasitic fighting drug it means that people who most likely will get infected aren't going to be rich snobby people. Maybe one or two people a year who can afford it might contract the parasite.
It's just like snake venom, not all hospitals have antidotes and if they do it's very expensive.
Luckily this isn't like snake bites or gasoline, hospitals have choices, patients have choices, and people are going to choose the cheaper choice in this case.

Socialized healthcare, my friend. WE are going to buy this drug for them... We're all swimming the seas of snip now, man. They'll do an income means test on anyone who requires these drugs, shake out what they can from the patient, then turn to the insurance carrier to cover the rest. The insurance will pass this on to those of us paying for our own coverage, resulting in a continuation of the 20-30%+ annual cost increases we've all been enjoying paying for since the ACA was passed.

Thanks, Obama!

That is how it was all planned out.
Hardly Socialism when profits are the top requirement.

Big Pharma said that government intervention via price controls and any other kind of intervention is not allowed.
They also made sure that medicare was not able to negotiate prices either.

People can lay off of 'big' pharma on this one.

The price gouge is because of this 'fella'.

Back when Martin Shkreli was CEO of Retrophin, he managed to grab a few headlines by buying an old rare-disease drug, Thiola, and raising the price 2000%. Now that he's on to his next company, Turing Pharmaceuticals, he's done himself one better, by buying another old drug and boosting the price 5000%.

www.fiercebiotech.com...

Now now people stop painting Big Pharma as 'terrorists' as we all know ALL muslims aren't terrorists.

Just as ALL pharma companies are not like this snip.

originally posted by: jacobe001
That is how it was all planned out.
Hardly Socialism when profits are the top requirement.

Big Pharma said that government intervention via price controls and any other kind of intervention is not allowed.
They also made sure that medicare was not able to negotiate prices either.

Socialized losses, privatized profits depending on where you stand on the ladder... if you're on the lower portion, it's definitely providing a socialized benefit... if you're at the top, it's providing you a huge investment gain. If you're middle class to upper middle class, screw you, they'll just take money from you and grant you less benefit than you ever had under the prior system.

There's another S-word I'd rather call it, but our T&C policy prevents me from doing so.

originally posted by: burdman30ott6

originally posted by: jacobe001
That is how it was all planned out.
Hardly Socialism when profits are the top requirement.

Big Pharma said that government intervention via price controls and any other kind of intervention is not allowed.
They also made sure that medicare was not able to negotiate prices either.

Socialized losses, privatized profits depending on where you stand on the ladder... if you're on the lower portion, it's definitely providing a socialized benefit... if you're at the top, it's providing you a huge investment gain. If you're middle class to upper middle class, screw you, they'll just take money from you and grant you less benefit than you ever had under the prior system.

There's another S-word I'd rather call it, but our T&C policy prevents me from doing so.

Fair Enough

I'll take it one step further than you did.....

If you live in another country with generic versions thanks to open competition, thanks to the TPP, Big Pharma is going to come rape you there as well and take away your generic versions.

originally posted by: jacobe001
If you live in another country with generic versions thanks to open competition, thanks to the TPP, Big Pharma is going to come rape you there as well and take away your generic versions.

Yeah. That was certainly a real dumb agreement for the two parties in DC to support. More assbrained nonsense from America's politicians, who'd have thunk it?

a reply to: mOjOm

Disgusting.

I can only wish that the only victims of their greed were the hedge fund managers themselves.
Wouldn't that be a bitch if they couldn't afford medicines to save their miserable hides?

Sadly, the reality will be that because they have made these so expensive the black market will get involved. Drug stores and delivery people will be getting robbed regularly, not by addicts but from other greedy people.