• Martin Shkreli’s Latest Plan to Sharply Raise Drug Price Prompts Outcry
    58 replies, posted
[quote]Martin Shkreli is once again provoking alarm with a plan to sharply increase the price of a decades-old drug for a serious infectious disease. This time the drug treats Chagas disease, a parasitic infection that can cause potentially lethal heart problems. “It’s caused a lot of angst in the Chagas community,” said Dr. Sheba Meymandi, a professor at the University of California, Los Angeles, and director of a Chagas treatment center at Olive View-UCLA Medical Center. “Everyone’s in an uproar.” The plan also is upsetting some organizations that supply drugs for neglected diseases because Mr. Shkreli has said he wants to take advantage of a federal program intended to encourage companies to develop such drugs. The program awards vouchers that can be sold to other companies for hundreds of millions of dollars. Mr. Shkreli has said he hopes to obtain such a voucher by getting the Chagas disease drug approved by the Food and Drug Administration for sale in the United States. Critics say that it would be another case of the system being abused by awarding a voucher not for developing a new drug but merely for obtaining F.D.A. approval of a drug already used in tropical countries. Dr. Sheba Meymandi said Turing's pricing plan has "caused a lot of angst in the Chagas community." Mr. Shkreli, 32, a former hedge fund manager, declined to comment. He set off a furor in September after his company, Turing Pharmaceuticals, acquired the rights to a 62-year-old drug for toxoplasmosis, another parasitic infection, and raised its price overnight to $750 a pill from $13.50. Last month, Mr. Shkreli led an investor group that took control of a failing California biotechnology company, buying a majority of its shares on the open market at an average price of about $1.50 a share. The stock of the company, KaloBios Pharmaceuticals, now sells for about $28, based in part on expectations that the company will prosper under Mr. Shkreli. As one of his first moves at KaloBios, Mr. Shkreli agreed to license the worldwide rights to one version of benznidazole, a standard treatment in South and Central America, where Chagas disease is most common. Benznidazole has never been approved for sale in the United States but is provided free to patients by the Centers for Disease Control and Prevention on an experimental basis. Mr. Shkreli said on a conference call with KaloBios investors last week that if the company won F.D.A. approval for benznidazole, it would have exclusive rights to sell it in the United States for at least five years. He said the price would be similar to that of hepatitis C drugs, which cost $60,000 to nearly $100,000 for a course of treatment. In Latin America, benznidazole costs $50 to $100 for the typical two-month course of treatment. KaloBios’s price would be “pretty devastating,” said Dr. Meymandi of U.C.L.A. “The people with Chagas for the most part are poor” and many lack insurance, she said. It is estimated that 300,000 people in the United States have Chagas disease, virtually all of them immigrants from Latin America who were infected before they came.[/quote] Source: [url]http://www.nytimes.com/2015/12/12/business/martin-shkrelis-latest-plan-to-sharply-raise-drug-price-prompts-outcry.html[/url]
I'm convinced this dude is just trying to pull a "Look at how fucking terrible the system is" card and he's willing to be the scapegoat. There is no way someone is this greedy and retarded.
Waiting for karma to hit this asshole in a runaway bus. Seriously, fuck this guy. How the fuck is shit like this legal?
Can they arrest this guy already, he's criminally insane. Let's ask him for money on twitter.
[QUOTE=Hyperbole;49300488]I'm convinced this dude is just trying to pull a "Look at how fucking terrible the system is" card and he's willing to be the scapegoat. There is no way someone is this greedy and retarded.[/QUOTE] He bought the one-of-a-kind Wu Tang album because he's that much a dick. So yes, he is this much of an ass.
never in my life have i seen someone so openly dedicated to being evil. screenwriters would consider this guy badly written
[QUOTE=spekter;49300505]He bought the one-of-a-kind Wu Tang album because he's that much a dick. So yes, he is this much of an ass.[/QUOTE] man he bought a one off album what a twat! this is by far the worst thing he has done!
[QUOTE=Hyperbole;49300488]I'm convinced this dude is just trying to pull a "Look at how fucking terrible the system is" card and he's willing to be the scapegoat. There is no way someone is this greedy and retarded.[/QUOTE] If that were the case, yeah maybe it'd be admirable if people weren't suffering even more because of it.
I honestly don't know how he managed to get in a position that he could make these awful business decisions. He's morally bankrupt and almost a parody of heartless corporate America.
I think more people need to be made award of this, the more people know his face the more people will work against him. The more people know about him, the more people will recognise him and annoy him out of outrage.
[QUOTE=Mabus;49300541]I honestly don't know how he managed to get in a position that he could make these awful business decisions. He's morally bankrupt and almost a parody of heartless corporate America.[/QUOTE] Well he is now CEO of two Pharmaceutical companies. Obviously his one (Turing Pharmaceuticals), and now KaloBios Pharmaceuticals. [editline]12th December 2015[/editline] So that could be why.
[QUOTE=Hyperbole;49300488] There is no way someone is this greedy and retarded.[/QUOTE] Don't delude yourself into believing the world is all flowers and everything good happens in the end. There are cruel and greedy people over the whole world just like this asshole, and more often than not they get away with whatever they're doing. [editline]12th December 2015[/editline] [QUOTE=Mabus;49300541]I honestly don't know how he managed to get in a position that he could make these awful business decisions. He's morally bankrupt and almost a parody of heartless corporate America.[/QUOTE] He bought controlling interest in their stocks, apparently. It's not as if the company decided, "Wow, this guy is a maniac. Let's make him CEO!"
[QUOTE=rampageturke 2;49300518]man he bought a one off album what a twat! this is by far the worst thing he has done![/QUOTE] Well he rubbed it into everyone's nose that he will keep the unreleased songs to himself and not share them. [url]https://twitter.com/MartinShkreli/status/674795110916341760[/url]
[QUOTE=Emperor Scorpious II;49300560]Don't delude yourself into believing the world is all flowers and everything good happens in the end. There are cruel and greedy people over the whole world just like this asshole, and more often than not they get away with whatever they're doing. [editline]12th December 2015[/editline] He bought controlling interest in their stocks, apparently. It's not as if the company decided, "Wow, this guy is a maniac. Let's make him CEO!"[/QUOTE] The world is Dark yes, but generally when people start flaunting their assholism, something bad usually happens to them. The bad people, well the smart ones, usually hide their assholism in plain sight so people generally don't realise and the one or two people who do catch on can be discredited, but this guy has a screw loose or something, he practically yells "I'm an asshole", it's just really odd. I'm sure you remember in Captain America 2 where Zola explains if you try to take people's freedom, they resist, you have to make them hand it over willingly. If someone is being an asshole in front of people, people will work against them, if someone is an asshole but people think they aren't, they can do whatever they want and people will let them get away with it.
Out of box thought: What if he is doing this to light a fire and cause a drive for other companies to create alternative cheaper medication? The drug he raised to $750 has been created alternatively by another company for $1, or $1.50, stupidly cheap. Evil Martin Shrillkreli or creator of cheaper medication companies?
[QUOTE=Paxton;49300695]Out of box thought: What if he is doing this to light a fire and cause a drive for other companies to create alternative cheaper medication? The drug he raised to $750 has been created alternatively by another company for $1, or $1.50, stupidly cheap. Evil Martin Shrillkreli or creator of cheaper medication companies?[/QUOTE] oorrrr... maybe he could use his own company to do that???? It's amazing how this person seems to be so incredibly evil that he's breaking people's minds. They're not able to fathom such a heinous piece of shit so they try to twist the situation to somehow make him a good guy.
[QUOTE=Paxton;49300695]Out of box thought: What if he is doing this to light a fire and cause a drive for other companies to create alternative cheaper medication? The drug he raised to $750 has been created alternatively by another company for $1, or $1.50, stupidly cheap. Evil Martin Shrillkreli or creator of cheaper medication companies?[/QUOTE] Considering he looks [i]and[/i] acts like a [url=http://i.imgur.com/bDe9ykS.png]grown-up version of that douchey rich kid from Tiny Toons[/url], I doubt it. And let's not forget the titty-baby fit he threw when he donated to Bernie Sanders to try to get a chance to talk to him and Bernie turned him down.
[QUOTE=Zero-Point;49300843]Considering he looks [i]and[/i] acts like a [url=http://i.imgur.com/bDe9ykS.png]grown-up version of that douchey rich kid from Tiny Toons[/url], I doubt it. And let's not forget the titty-baby fit he threw when he donated to Bernie Sanders to try to get a chance to talk to him and Bernie turned him down.[/QUOTE] This is why I said it's a THOUGHT, not a fact.
[QUOTE=Paxton;49300855]This is why I said it's a THOUGHT, not a fact.[/QUOTE] I know, I was just dismissing it comically. :v:
[QUOTE=TheHydra;49300513]never in my life have i seen someone so openly dedicated to being evil. screenwriters would consider this guy badly written[/QUOTE] I mean, even ISIS and the cartels help out the poor and hungry in their regions (pathetically admittedly), this guy though.... :tinfoil: In all seriousness though, this guy is nasty as fuck.
[QUOTE=Hyperbole;49300488]I'm convinced this dude is just trying to pull a "Look at how fucking terrible the system is" card and he's willing to be the scapegoat. There is no way someone is this greedy and retarded.[/QUOTE] Well, I guess they have to get their R&D money from somwhere, probably from hospitals and insurance companies..? He did buy a biotechnology firm after all.
People theorizing that this man is in fact a savior for "bring to the light" how terribly possible it is for a company to do such a thing is while in fact ruining people's lives while getting rich off it probably is the same way Donald Trump manages to snag so many people into polling for him. [editline]12th December 2015[/editline] Bottom line is: If you think he's doing it out of some odd sense of justice or to take the limelight to a problem, you're a moron who apparently can't grasp reality of the world too well. Open your eyes, sometimes people [I]really are[/I] this fucking bad.
cant wait for the biotech / pharma bubble to burst.
[QUOTE=Emperor Scorpious II;49301083]People theorizing that this man is in fact a savior for "bring to the light" how terribly possible it is for a company to do such a thing is while in fact ruining people's lives while getting rich off it probably is the same way Donald Trump manages to snag so many people into polling for him. [editline]12th December 2015[/editline] Bottom line is: If you think he's doing it out of some odd sense of justice or to take the limelight to a problem, you're a moron who apparently can't grasp reality of the world too well. Open your eyes, sometimes people [I]really are[/I] this fucking bad.[/QUOTE] Then again it's the system and laws that enabled him to do all this. Instead of changing it so stuff like this doesn't happen, people have no other choice, but hope he and others like him to "be nice" and not misuse the system.
katie hopkins syndrome move on, nothing to see here
[QUOTE=AntonioR;49301239]Then again it's the system and laws that enabled him to do all this. Instead of changing it so stuff like this doesn't happen, people have no other choice, but hope he and others like him to "be nice" and not misuse the system.[/QUOTE] But to assume he's doing this to bring the loophole to the limelight is the most asinine thing to possibly think.
[QUOTE=Emperor Scorpious II;49301083]People theorizing that this man is in fact a savior for "bring to the light" how terribly possible it is for a company to do such a thing is while in fact ruining people's lives while getting rich off it probably is the same way Donald Trump manages to snag so many people into polling for him. [editline]12th December 2015[/editline] Bottom line is: If you think he's doing it out of some odd sense of justice or to take the limelight to a problem, you're a moron who apparently can't grasp reality of the world too well. Open your eyes, sometimes people [I]really are[/I] this fucking bad.[/QUOTE] Apologies if this makes me a moron but it's not all theories and assumptions. He's repeatedly claimed his intent was to research better medication and that everyone in need of Daraprim would get it through their insurance. So he does have his own odd sense of justice, it's just not necessarily agreeable.
If you're a famous artist and plan on doing an exclusive one-off auction, pretty much plan for a greedy cunt to get it.
[QUOTE=Bread_Baron;49301407]Apologies if this makes me a moron but it's not all theories and assumptions. He's repeatedly claimed his intent was to research better medication and that everyone in need of Daraprim would get it through their insurance. So he does have his own odd sense of justice, it's just not necessarily agreeable.[/QUOTE] I honestly doubt he was expecting people to get Daraprim through their insurance from another company, more that his company being the only provider, they would be getting it through him. Despite the customer not having to actually pay the $750 if they had insurance, their insurer would sure as shit balk at the thought of paying anything near that much for pills. It was never going to be a win-win situation for the consumer in his eyes. We just got lucky that someone had the funding around to work on a generic really.
[QUOTE=GrizzlyBear;49301050]I mean, even ISIS and the cartels help out the poor and hungry in their regions (pathetically admittedly), this guy though.... :tinfoil: In all seriousness though, this guy is nasty as fuck.[/QUOTE] Yeah, but then the cartels probably put your head in a trash compactor and bury you in an unmarked grave / throw you into the ocean if you don't pay them back somehow, I don't think Martin Shrekli would do that (if he did help out the poor in the first place)
Sorry, you need to Log In to post a reply to this thread.