• Parasite Shkreli smugly silent at Congressional hearing - tweets about 'imbeciles' later
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[URL="http://www.usatoday.com/story/money/2016/02/04/martin-shkreli-congressional-testimony-turing-pharmaceuticals-valeant-fda-drug-prices/79808004/"]Source.[/URL] [QUOTE]WASHINGTON—Embattled drug entrepreneur Martin Shkreli — who vigorously defended his decision to hike the price of a life-saving drug from $13.50 to $750 — suddenly went silent Thursday at a Congressional committee, smirking and grinning instead of answering questions. Now facing an unrelated federal criminal indictment, the typically loquacious Shkreli refused to testify, repeatedly citing his Fifth Amendment right not to incriminate himself. Members of Congress launched into fiery lectures directed at Shkreli, whose previous company, Turing Pharmaceuticals, came under scrutiny when it raised the price of Daraprim more than 5,000%. The pill is used to treat toxoplasmosis, a parasitic disease that afflicts people with weakened immune systems, such as those with AIDS and pregnant women. "Drug company executives are lining their pockets at the expense of some of the most vulnerable families in our nation," U.S. Rep. Elijah Cummings, D-Maryland, said. "It's not funny, Mr. Shkreli. People are dying and they're getting sicker and sicker." The boyish-faced Shkreli sat quietly at the witness table, clasping his hands tightly and slowly rubbing his fingers together as he was lectured. He smirked several times and appeared on the verge of laughter at one point when Cummings was speaking.[/QUOTE] [video=youtube;LPIQ_gyiHag]http://www.youtube.com/watch?v=LPIQ_gyiHag[/video] Someone, please, [B]please[/B] do the world a favour and beat this fucking parasite to a pulp. I hope these criminal proceedings against him go through and he faces jailtime and I hope someone gives this fucker what he deserves in prison. He's a piece of shit.
Just in case anyone wants to see the tweet: [media]https://twitter.com/MartinShkreli/status/695264859907317761[/media] Eat a dick, Shkreli.
His attorney looks like be belongs on The Sopranos.
Actually he's not that bad of a guy and alot of stuff about him is misrepresented. It was interesting to hear his perspective. [video=youtube;2PCb9mnrU1g]https://www.youtube.com/watch?v=2PCb9mnrU1g[/video]
While he's a slimebag, a vicious suit, and overall a person I despise due to his actions: he's well within his right to not talk if he doesn't want to.
Well it's the USA in a nutshell, not just this cuntbag. Can't afford treatment? Better hope people will give you money so you can, or pick between a life time of crippling debt, if you're lucky, or death
[QUOTE=Twistai;49683709]Actually he's not that bad of a guy and alot of stuff about him is misrepresented. It was interesting to hear his perspective. [video=youtube;2PCb9mnrU1g]https://www.youtube.com/watch?v=2PCb9mnrU1g[/video][/QUOTE] People love focusing on the negative. He raised the price of a drug and he's smug on twitter, he clearly deserves death in prison. As for the fraud allegations, innocent until proven guilty... I don't see why he should have to communicate, when he's been advised by his lawyers not to.
[QUOTE=rilez;49683802]People love focusing on the negative. He raised the price of a drug and he's smug on twitter, he clearly deserves death in prison. As for the fraud allegations, innocent until proven guilty... I don't see why he should have to communicate, when he's been advised by his lawyers not to.[/QUOTE] a price hike normally wouldn't be a big problem, but he raised it by [b]5,000[/b] percent, and people who are unable to get the drug are very likely to die as for the smugness on twitter, having no regrets when your actions could result in the deaths of tons of people is just horrid tbh I think people have been reacting just the way they should when it comes to how horrible of a person this guy is
he's very clearly a sociopath and needs help
Even IF that price hike didn't hurt or kill anyone, a price hike of 5,000% for the lulz is fucking scummy as shit. Not to mention that fucking smug shit eating grin on his face. I'm not gonna cry for the death penalty but I think he and karma have some catching up to do.
[QUOTE=Twistai;49683709]Actually he's not that bad of a guy and alot of stuff about him is misrepresented.[/QUOTE] People hop on hate trains and usually only gather the information a biased news article gives them, which is pretty true for Shkreli. I don't condone what he did with his company and in the stock market, but I think there are worse people out there that should be brought to light. Hell, what he did with the stock market is probably worse than the price hike. Nobody seems to be looking into that though. Either way, I really hope this case brings more attention to the fucked up state of the health care industry.
[QUOTE=rilez;49683802]People love focusing on the negative. He raised the price of a drug and he's smug on twitter, he clearly deserves death in prison. As for the fraud allegations, innocent until proven guilty... I don't see why he should have to communicate, when he's been advised by his lawyers not to.[/QUOTE] While I completely agree about his right, and that people focus on the negative. A congressional hearing is verymuch a different experience than a normal court case, and it's not only very disrespectful, but actually a much more significant action to plead the 5th. You will rarely hear people [I]not[/I] answering questions during congressional hearings. [editline]later pls [/editline] Also, look it's Chaffetz, the only rep from Utah who I somewhat respect, he took a stand on SOPA quite strongly and earned my respect.
[QUOTE=MaximLaHaxim;49683848]a price hike normally wouldn't be a big problem, but he raised it by [b]5,000[/b] percent, and people who are unable to get it are very likely to die as for the smugness on twitter, having no regrets when your actions could result in the deaths of tons of people is just horrid tbh I think people have been reacting just the way they should when it comes to how horrible of a person this guy is[/QUOTE] They charge $750 per tablet for insured patients, so if your insurance company denies coverage for your life saving medicine, I think you've got other problems. I'd say he's too brutally honest on social media, which [B]is[/B] bad for his public image... but can you blame the guy, with the news coverage he's getting? Big pharma is fucked. Hepatitis C has infected hundreds of millions, and Sofosbuvir, one of the only drugs that can treat Hep C, costs $100k +++ for one round of treatment. Affordable Hep C treatment could literally change the world. Look at the cost of cancer drug treatments... look at the cost to treat Parkinson's, MS... and the world has focused on Shkreli? Is this some kind of joke? [editline]6th February 2016[/editline] [QUOTE=glitchvid;49683917]While I completely agree about his right, and that people focus on the negative. A congressional hearing is verymuch a different experience than a normal court case, and it's not only very disrespectful, but actually a much more significant action to plead the 5th. You will rarely hear people [I]not[/I] answering questions during congressional hearings.[/QUOTE] I'm not defending his behavior. I don't think he's taking the hearings seriously enough (and his lawyers agree), but I'm not gonna declare the dude guilty because he's smirking when he shouldn't be
Hey that's like house of cards
[QUOTE=rilez;49683802]People love focusing on the negative. He raised the price of a drug and he's smug on twitter, he clearly deserves death in prison. [/QUOTE] Why do we do exagerated posts like this that serve no purpose and only make everyone angry?
[QUOTE=rilez;49683923]I'm not defending his behavior. I don't think he's taking the hearings seriously enough (and his lawyers agree), but I'm not gonna declare the dude guilty because he's smirking when he shouldn't be[/QUOTE] His behavior is indeed disrespectful, I think what's more interesting is the offer Mr.Cummings proposed to him, a very eloquently written speech, that Shkreli denied the request shows he might not have been serious about a lot of what he said to VICE.
[QUOTE=rilez;49683923]They charge $750 per tablet for insured patients, so if your insurance company denies coverage for your life saving medicine, I think you've got other problems. I'd say he's too brutally honest on social media, which [B]is[/B] bad for his public image... but can you blame the guy, with the news coverage he's getting? Big pharma is fucked. Hepatitis C has infected hundreds of millions, and Sofosbuvir, one of the only drugs that can treat Hep C, costs $100k +++ for one round of treatment. Affordable Hep C treatment could literally change the world. Look at the cost of cancer drug treatments... look at the cost to treat Parkinson's, MS... and the world has focused on Shkreli? Is this some kind of joke? [editline]6th February 2016[/editline] [/QUOTE] Everyone knows Pharma is fucked, but it's not something people can change overnight. Voicing enough displeasure at a CEO who made a bad decision can affect stocks and actively induce change relatively quickly. Yeah the larger issue might be the pharmaceutical industry, but that doesn't make what he did any better. And what do people without insurance pay per pill? Because I've heard him say they'd get it free but I've seen no evidence, and he also said he'd slap Ghostface Killah and that's definitely bullshit [editline]6th February 2016[/editline] [QUOTE=glitchvid;49683979]His behavior is indeed disrespectful, I think what's more interesting is the offer Mr.Cummings proposed to him, a very eloquently written speech, that Shkreli denied the request shows he might not have been serious about a lot of what he said to VICE.[/QUOTE] Well he said he'd lower the price and then didn't, so I think it's pretty hard to trust any words coming out of him
[QUOTE=glitchvid;49683979]His behavior is indeed disrespectful, I think what's more interesting is the offer Mr.Cummings proposed to him, a very eloquently written speech, that Shkreli denied the request shows he might not have been serious about a lot of what he said to VICE.[/QUOTE] Probably smiling because he knows it's bullshit. "Turn yourself in, and then you can work with us to make the world a better place!" He knows he's not going to get rebranded a hero by the media. He knows that if he turns himself in, it's not going to play out in the wonderful way that Cummings played it out to be. TBH he really didn't have to sit through all of that. That lecture by Gowdy was pointless. A good chunk of this is just a media shit show, people really aren't interested in hearing the truth, they just want to see him burn. And he knows that. as I've said before, I'm quite surprised that he is getting shit for hiking the price of a drug, when he did a lot of scandalous shit beforehand in other company's stocks that probably caused more damage than a price hike ever would
[QUOTE=rilez;49683923] Big pharma is fucked. Hepatitis C has infected hundreds of millions, and Sofosbuvir, one of the only drugs that can treat Hep C, costs $100k +++ for one round of treatment. Affordable Hep C treatment could literally change the world. Look at the cost of cancer drug treatments... look at the cost to treat Parkinson's, MS... and the world has focused on Shkreli? Is this some kind of joke?[/QUOTE] Funny you mention Hep C, Merck actually just had a new combination drug, Zepatier, approved by the FDA to treat it and it costs about half of Harvoni (which contains sofosbuvir) and Viekira Pak for a 12-week treatment. In principle, it's things like that which permit a deregulated pharma industry, but in practice it means that obscure diseases with only one known drug that can treat it get outrageous prices since there's no competition (see Shkreli). Anyone trying to compete would be a massive idiot since you would be investing research into a drug which may or may not work to make even LESS money off a slim list of patients. Shit's fucked yo
[QUOTE=MaximLaHaxim;49683848]a price hike normally wouldn't be a big problem, but he raised it by [b]5,000[/b] percent, and people who are unable to get it are very likely to die as for the smugness on twitter, having no regrets when your actions could result in the deaths of tons of people is just horrid tbh I think people have been reacting just the way they should when it comes to how horrible of a person this guy is[/QUOTE] The guy is an asshole and he plays with his image... but there is a lot of misinterpretation about this whole situation. His company bought the drug from another company, it was unprofitable as hell, so they raised the price. The drug has a LOT of side effects, Shkreli's company knows about this and dont hide it but they use the money they generate on researching an alternative drug. It is NOT AN AIDS TREATING DRUG - It's for a parasite infection that will only harm you if you are weakened by Aids. Under 1200 people in the USA use the drug they raised the price on. If people need it, they get it over their health insurance, otherwise they do get it for free. The process is simple, they just have to fill out some documents given by a doctor. What many people forget, mainly hospitals and doctors buy this drug! Other companies raised the prices for widely used drugs have raised prices even more: [quote] Among the most shocking recent examples in the US are: Doxycycline hyclate (100 milligrams), a widely used antibiotic, soared from $20 for 500 capsules in October 2013 to $1,849 in April 2014. Glycopyrrolate (20 milliliters), used during surgery to prevent slowing of the heart rate, climbed from $65 for 10 vials to $1,277 during the same period. Pravastatin sodium (10 mg), a cholesterol medication, surged from $27 to $196 for a one-year supply. In 2015 Rodelis Therapeutics boosted the cost of 30 tablets of tuberculosis drug from $500 to $10,800. In the same year Valeant Pharmaceuticals International increased the prices of two heart drugs by 525 per cent and 212 per cent on the same day they acquired them. [/quote] [url]http://www.abc.net.au/triplej/programs/hack/hating-on-pharma-bro-martin-shkreli-is-a-distraction/7146032[/url] All in all he's just fucking with the system and the healthcare companies but not with individual people. You guys are missing the bigger picture.
[QUOTE=MaximLaHaxim;49683848]a price hike normally wouldn't be a big problem, but he raised it by [b]5,000[/b] percent, and people who are unable to get it are very likely to die as for the smugness on twitter, having no regrets when your actions could result in the deaths of tons of people is just horrid tbh I think people have been reacting just the way they should when it comes to how horrible of a person this guy is[/QUOTE] You do realise that if your doctor prescribes that drug and you don't have insurance, you can get it for free from the company? As much as the guy is painted as a twat, nobody is losing out on anything. The insurance companies pay for it, not the people who pay the insurance. Plus there's a tiny, tiny percent of people who need the drug ( apparently only in the 1000~2000 range in the entire USA). He's not directly hurting anyone.
[QUOTE=Untouch;49683857]he's very clearly a sociopath and needs help[/QUOTE] You kinda have to be to do well in that industry to be honest. I mean sure the guy comes off like a total asshole, but if he is honest about investing 60% of the profits back to R&D and supplies it for free if you cannot afford it then I cannot hate him. If it makes for a better drug that doesn't have the same side effects then it's worth it.
[QUOTE=strayebyrd;49683999]Everyone knows Pharma is fucked, but it's not something people can change overnight. Voicing enough displeasure at a CEO who made a bad decision can affect stocks and actively induce change relatively quickly. Yeah the larger issue might be the pharmaceutical industry, but that doesn't make what he did any better. And what do people without insurance pay per pill? Because I've heard him say they'd get it free but I've seen no evidence, and he also said he'd slap Ghostface Killah and that's definitely bullshit [editline]6th February 2016[/editline] Well he said he'd lower the price and then didn't, so I think it's pretty hard to trust any words coming out of him[/QUOTE] Making Shkreli a headline will change nothing. Shkreli is literally nothing compared to the rest of the drug industry. I can't comment on their plan for the uninsured, because I really don't know their process, but he has said multiple times that the drug would be available for those that can't pay. There is also a generic version available... so even if he went back on his word, there's an alternative. If I have cancer, not a single CEO is going to come out and make me that offer. I don't care what it is. If you're uninsured, and you have cancer, you're fucked. Lenvima, Rituxan, Avastin, Herceptin, Novartis, Alimita... no one can afford the cost of these drugs without insurance, let alone the additional costs that come with having cancer. Even with insurance, those costs add up. To the point where people literally have to travel around the world, so they can afford their medication. Let's also consider another point of view: Impax had no desire to continue manufacturing Daraprim; they were losing money on each tablet. Turing bought this unprofitable drug from Impax for 55 million dollars. Is it any surprise they raised the price? I don't like the fact that Daraprim might be more expensive for some people... but what was the alternative? Maybe Impax would have raised the price, or ceased production altogether?
[QUOTE=rilez;49684199]Making Shkreli a headline will change nothing. Shkreli is literally nothing compared to the rest of the drug industry. I can't comment on their plan for the uninsured, because I really don't know their process, but he has said multiple times that the drug would be available for those that can't pay. There is also a generic version available... so even if he went back on his word, there's an alternative. If I have cancer, not a single CEO is going to come out and make me that offer. I don't care what it is. If you're uninsured, and you have cancer, you're fucked. Lenvima, Rituxan, Avastin, Herceptin, Novartis, Alimita... no one can afford the cost of these drugs without insurance, let alone the additional costs that come with having cancer. Even with insurance, those costs add up. To the point where people literally have to travel around the world, so they can afford their medication. Let's also consider another point of view: Impax had no desire to continue manufacturing Daraprim; they were losing money on each tablet. Turing bought this unprofitable drug from Impax for 55 million dollars. Is it any surprise they raised the price? I don't like the fact that Daraprim might be more expensive for some people... but what was the alternative? Maybe Impax would have raised the price, or ceased production altogether?[/QUOTE] I think Shkreli should be burned at the stake, but he's just a symptom of the problem. This whole cat & mouse game of pharmaceuticals bouncing prices between hospitals and insurers has gotten completely out of control. There are tens of thousands of other companies out there doing the exact same thing as Shkreli and they're not getting called out for it. Cummings was right in that Shkreli is the poster boy, but they're still not working to fix the problem. He knows they can't do anything in the congressional meeting to touch him and are just looking for anything to squeeze him for fuel.
the drug now costs more to insurance not individuals it's hilarious to see people try to do mental gymnastics around this fact
[QUOTE=rilez;49683802]People love focusing on the negative. He raised the price of a drug and he's smug on twitter, he clearly deserves death in prison.[/QUOTE] Yeah? Thats a very bad thing. Taking a cheap life-saving drug and making it 1000% more expensive.
[QUOTE=MaximLaHaxim;49683848]a price hike normally wouldn't be a big problem, but he raised it by [B]5,000[/B] percent, and people who are unable to get the drug are very likely to die as for the smugness on twitter, having no regrets when your actions could result in the deaths of tons of people is just horrid tbh I think people have been reacting just the way they should when it comes to how horrible of a person this guy is[/QUOTE] No they are fucking not going to die. The only thing this effects is the insurance companies. IF YOU DONT HAVE INSURANCE HE WILL GIVE YOU THE DRUG FOR FREE. it's people like you that just eat up bullshit Facebook videos like they're pure fact.
When the fuck did we suddenly have people start turning around and saying, "Oh he's not that bad." Motherfucker he rose prices by 5000 percent, gave his company some of the worst fucking PR and then acted like a smug little shit the entire time. This is guy is literally 'Entitlment: The CEO' if it were a movie. This guy has never felt consequences before. [editline]6th February 2016[/editline] Also I want sources about all this 'free' horseshit before everyone starts playing defense game for this guy. One interview, with VICE who can easily be paid, is not a god damn source.
Its best to not take what a businessman says as gospel.
The smugness is from knowing it's bullshit though. His advisor/lawyer told him not to say anything because all of the "you can be a hero" stuff is bullshit. The second he says something incriminating, he will be crucified. It's no different from dropping a smug smile on a cop trying to get you to give him probable cause. You know his intentions, you know he's bullshitting you, and it's funny because he thinks you don't know what's going on. I'm not defending the dude, he may be a prick/sociopath, but I'd be dropping smug as fuck smiles during that hearing too. Everyone asking him questions is trying to put his ass behind bars, not create a hero in the pharmaceutical industry.
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