US pharmaceutical company defends 5,000% price increase

[Jayjay]

That guy's getting eaten alive by the internets right now.

I think he should take this opportunity to go to Africa and shoot some lions, wouldn't hurt him one bit.

 

[Angry Floof]

That guy's getting eaten alive by the internets right now.

I think he should take this opportunity to go to Africa and shoot some lions, wouldn't hurt him one bit.

MIght as welll.

 

[Crazy Eddie]

Wow, you seem much more upset about this than about Shkreli . . . like you don't even care at all and don't see the problem.

The ban on imports does FAR FAR more damage than a dozen Shkreli's could ever do.

Which, while true, is kind of a non-sequitor as far as this thread is concerned, considering that it was assholes like Shkreli that WROTE those bans in the first place.

I guess its more fun to attack one's enemies than to actually fix the problem?

This appears to be that ever-so-rare case where one's enemies actually ARE the problem.

It's not about cheap indian generics. India does not develop drugs, US does. So if you let Indian drugs in, developments will eventually stop.
At the same time US companies don't spend most of their profits on development, they spend most of it on bribing doctors.
If it was up to me I would legally banned bribing doctors first and then worked on making sure actual research and development gets most of the money.

I hear more and more doctors complaining about this too. The consensus is that pharmaceutical companies have no business advertising drugs on TV or pushing specific drugs or drug combinations on medical clinics. There's too much commoditization of what should actually be a public service.

 

[arkirk]

dismal, here it is:

Source:  Jonas Salk
He was a biomedical researcher, not a business leader, however. Enjoy hating him for being a disgusting socialist, dismal.

To be fair Infectious diseases is a separate and special case.

That only makes the case easier for the researcher to turn over. Diseases that are not simply contagious infections have no more reason for their drugs to be super inflated in the price category. Actually super discounting in these special cases makes good sense....not super inflating. Lack of money should not be used to KILL OFF PEOPLE WHO CANNOT PAY PHARMACEUTICAL RANSOM.

 

[lpetrich]

I guess its more fun to attack one's enemies than to actually fix the problem?

Comments like this make me want to say "It hurts, doesn't it?" to capitalism groupies when their heroes get in trouble.

 

[lpetrich]

The ban on imports does FAR FAR more damage than a dozen Shkreli's could ever do.

While your Big Pharma heroes are entitled to buy it from Congress, right?

Seems to me that all those heroes have to do is commission a lot of propaganda pieces supporting such bans as necessary for the operation of The Free Market, and many right-wingers would faithfully line up behind them. That's what I've seen on net neutrality, for instance.

 

[ZiprHead]

Shkreli busted for securities fraud.

http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/

 

[Tom Sawyer]

That's a totally unsurprising turn of events.

 

[Crazy Eddie]

I know, right? Who would have thought that a complete asshole would also turn out to be really dishonest with other people's money?

 

[Derec]

Somebody call Zimmermann!

 

[Tom Sawyer]

Somebody call Zimmermann!

Ya, give that man a pack of Skittles and the problem solves itself.

 

[ZiprHead]

Somebody call Zimmermann!

Ya, give that man a pack of Skittles and the problem solves itself.

He's safe. No tea.

And there that little issue of his color.

 

[RavenSky]

I know, right? Who would have thought that a complete asshole would also turn out to be really dishonest with other people's money?

^^^ that

 

[Nexus]

If you're going to be a huge asshole publicly its best to have all your legal ducks in a row. Especially with securities or tax laws. They're not all particularly intuitive in terms of what's illegal or not.

 

[Jimmy Higgins]

If you're going to be a huge asshole publicly its best to have all your legal ducks in a row. Especially with securities or tax laws. They're not all particularly intuitive in terms of what's illegal or not.

If you are a sociopath, you probably don't care and think you are above the law anyway, being so smart and superior and all.

 

[barbos]

So, chances are good he will be playing chess with Madoff soon?

 

[Colonel Sanders]

So, chances are good he will be playing chess with Madoff soon?

I hope not.

I hope he gets AIDS in jail and then is released, where afterward he won't be able to afford the drugs that would ward off the sickness.

 

[GenesisNemesis]

I hope he gets AIDS in jail and then is released

So you support torture?

 

[arkirk]

Doesn't this little scenario point up the real problem with medicine and drugs in America. This price gouge plan would have as its consequence people dying of treatment being denied on the basis of poverty...and the company having an overstock of the drug...for lack of sales. It is so damn evil looking a proposition that it is almost as bad as the Depression of the 30's just in one small sector of society. We are a nation that is slowly but surely retreating from the death penalty. This fellow with his Wall Street mentality brings a special kind of death penalty to a very special class of non criminals. Maybe as long as we still have a death penalty we could reserve it for people like him who would kill with malice aforethought. See where legalistic language gets you? He should simply not be allowed to do what he attempted. It SHOULD BE AGAINST THE LAW. It galls me that people like Michael Moore needs to pay security people to keep himself alive simply because his movies have cast some light on the medical criminality at large in America.

 

[Turambar]

So, chances are good he will be playing chess with Madoff soon?

I hope not.

I hope he gets AIDS in jail and then is released, where afterward he won't be able to afford the drugs that would ward off the sickness.