Pharma CEO jacks drug price up 400%, citing "moral requirement to make money" - Sensationalist Headlines

"Nostrum’s version is “still a saving regardless of whether it is a big one or not,” Mulye pointed out." Fucking hell this is vile, just absolutely shrugging it off.

And here we see the danger of discontinuing your anti greed pill prescription, someone must have jacked the prices up for them.

People who have the ability to cause wipespread harm so freely and easily deserve to be under the gun the most. They're the ones who should have every second they breathe scrutinized because everyone has to pay for their actions. And in some cases, like Shrekli, they actually do enjoy just hurting people. These people are predominantly sociopaths, so human suffering at best causes them no emotional response. They only look at what benefits themselves. So, if their self is put in jeopardy, then they'll reconsider their actions if only just to save their own skin.

Shkreli got got for investor fraud, not because he raised prices which was and still is completely legal. Granted, he probably came under fire because of that but remember that companies like Casper Pharma, mentioned in the article, have been increasing prices for no reason other than profit in less conspicuous ways and have flown underneath the radar.

Don't get me wrong, price gouging like this is repulsive and disgusting, but it's not a result of the free market at work. On the contrary these companies are taking advantage of the systems that the FDA has put in place to protect both intellectual property and patient safety. It's a bad thing, but it's important to know why this bad thing came to be in order to stop it from happening again.

I was mocking the whole rhetoric of "the free market fixing itself, just trust the #freemarket", though I concede to Poe's Law. I'm pretty acutely aware that the free market is as much of a myth as a fully-functioning communist state and is only really a transitional anarchy before those who managed to find rampant success have filled the power vacuum and hold control over everything. Hell, we're already at the end of that road.

But isn't this guy doing the same? I thought it was obvious. No private consumer could ever affford antibiotics for $2000, so the money these drug producers get is from elsewhere like insurance companies and hospitals, not the patient/consumer.

This is an off patent drug that looks pretty easy to make. It really needn't be 2000 per bottle.

If you got customers paying for it (i.e. hospitals and inaurance companies) then why not?

That's my point. Mocking it is stupid in this case and only serves to demonstrate ignorance. Pharmaceuticals are absolutely not a free market: you have to obtain government approval in order to sell your products in that market. In return for investing money to develop and prove that your products are worthy of being called a drug, the government grants you a monopoly for a set period of time. That's as far from a free market as it gets.

They're doing the same thing but at least Shkreli tried to excuse it, this guy is just "FUCK YOU NIGGA, PAY ME" and went straight to being Shkreli when he had the chatroom. I don't even know if Shkreli trying to reason it even makes him better. Maybe this guy is a little better(but still shit) for his honesty? Either way I hope this guy gets fucked for his blatant greed.

A few things I missed that the ever-excellent Derek Lowe points out in his post on the matter: Nostrum was not the only manufacturer to raise their prices. Casper did it first, but slowly and quietly, and they raised their prices even higher than Nostrum ($2,800 vs $2,400 per bottle). Nostrum's price increases came after the FDA imposed new regulations on permissible impurity levels, which resulted in a shortage as manufacturers reviewed their manufacturing processes. Other manufacturers have not announced similar price increases. Amneal, whom I mentioned in my earlier post, were apparently the major suppliers of nitrofurantoin liquid suspension, but are not currently supplying it. These are all generic drug manufacturers, who operate in a very different environment from companies that do research and development for new drugs.

People likethis should be taken out back and shot. Absolute scumbags preying on the sick, poor and infirm.