Drug company boss arrested (price increases)

[Indofred]

Jewish CEO of Turing Pharmaceuticals Drives Up Price of Medicine for Big Profits « National Vanguard

Recently, Shkreli became infamous for raising the cost of a drug named Daraprim, which is used to treat parasitic infections, especially among pregnant women and persons with weakened immune systems.

Turing acquired the rights to it, and Shkreli promptly jacked up the price by a factor of about 55, from $13.50 per pill to $750 per pill. Criticism ensued. Shkreli made the predictable justifications, saying that the price increase was necessary so that Turing could make a profit. Generic versions of Daraprim are sold in foreign countries for as little as $20/bottle. It costs a few cents per pill to manufacture. Even the $13.50 pre-Shkreli price was outrageous

I love capitalism, but this guy goes way too far, deliberately massively overpricing cheap to produce drugs because he can.

What he did in that case isn't illegal (but it probably should be, but it seems one of his previous actions could well have been.

Pharma boss Martin Shkreli arrested on fraud charges - BBC News

Pharmaceutical boss Martin Shkreli, who sparked outrage after hiking up the price of an established medicine, has been arrested on separate fraud charges.

He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, MSMB Capital Management, where he was a fund manager.

He is currently chief executive of Turing Pharmaceuticals.

Mr Shkreli was arrested by the FBI.

One hopes they stick him in prison for a very long time.

To the questions:

Should capitalism be totally free, or are there moral limits?

 

[The Great Goose]

Jewish CEO of Turing Pharmaceuticals Drives Up Price of Medicine for Big Profits « National Vanguard

Recently, Shkreli became infamous for raising the cost of a drug named Daraprim, which is used to treat parasitic infections, especially among pregnant women and persons with weakened immune systems.

Turing acquired the rights to it, and Shkreli promptly jacked up the price by a factor of about 55, from $13.50 per pill to $750 per pill. Criticism ensued. Shkreli made the predictable justifications, saying that the price increase was necessary so that Turing could make a profit. Generic versions of Daraprim are sold in foreign countries for as little as $20/bottle. It costs a few cents per pill to manufacture. Even the $13.50 pre-Shkreli price was outrageous

I love capitalism, but this guy goes way too far, deliberately massively overpricing cheap to produce drugs because he can.

What he did in that case isn't illegal (but it probably should be, but it seems one of his previous actions could well have been.

Pharma boss Martin Shkreli arrested on fraud charges - BBC News

Pharmaceutical boss Martin Shkreli, who sparked outrage after hiking up the price of an established medicine, has been arrested on separate fraud charges.

He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, MSMB Capital Management, where he was a fund manager.

He is currently chief executive of Turing Pharmaceuticals.

Mr Shkreli was arrested by the FBI.

One hopes they stick him in prison for a very long time.

To the questions:

Should capitalism be totally free, or are there moral limits?

He's flamboyant, but most people who do this get away with this by making the increase less ludicrous.

 

[ScienceRocks]

What wonderful news! I hope this piece of shit spends about 20 years behind bars...

Couldn't happen to a more deserving asshole.

 

[Two Thumbs]

Jewish CEO of Turing Pharmaceuticals Drives Up Price of Medicine for Big Profits « National Vanguard

Recently, Shkreli became infamous for raising the cost of a drug named Daraprim, which is used to treat parasitic infections, especially among pregnant women and persons with weakened immune systems.

Turing acquired the rights to it, and Shkreli promptly jacked up the price by a factor of about 55, from $13.50 per pill to $750 per pill. Criticism ensued. Shkreli made the predictable justifications, saying that the price increase was necessary so that Turing could make a profit. Generic versions of Daraprim are sold in foreign countries for as little as $20/bottle. It costs a few cents per pill to manufacture. Even the $13.50 pre-Shkreli price was outrageous

I love capitalism, but this guy goes way too far, deliberately massively overpricing cheap to produce drugs because he can.

What he did in that case isn't illegal (but it probably should be, but it seems one of his previous actions could well have been.

Pharma boss Martin Shkreli arrested on fraud charges - BBC News

Pharmaceutical boss Martin Shkreli, who sparked outrage after hiking up the price of an established medicine, has been arrested on separate fraud charges.

He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, MSMB Capital Management, where he was a fund manager.

He is currently chief executive of Turing Pharmaceuticals.

Mr Shkreli was arrested by the FBI.

One hopes they stick him in prison for a very long time.

To the questions:

Should capitalism be totally free, or are there moral limits?

unlike leftist filth that want revenge over justice, I hope the trial goes as it should and there's no funny business.
if convicted, he should get the 1st timers sentence (assuming it's his 1st offence)

That's justice.


As far as your idiotic question about the free market, well it's called the 'free market' for a reason

 

[Two Thumbs]

What wonderful news! I hope this piece of shit spends about 20 years behind bars...

Couldn't happen to a more deserving asshole.

case in point

this leftist assbag is assuming his guilt and wants him in jail for 2 decades

 

[AvgGuyIA]

It was a HIV drug that sold for $13 that he increased to $750. It's not illegal but public pressure solved it. Another drug company deengineered the drug and produced it instead. I wonder if he increased the price so he could keep his ponzu scheme going.

 

[IsaacNewton]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

 

[IsaacNewton]

It was a HIV drug that sold for $13 that he increased to $750. It's not illegal but public pressure solved it. Another drug company deengineered the drug and produced it instead. I wonder if he increased the price so he could keep his ponzu scheme going.

He did, the news said he did it to cover his losses in the derivatives market.

 

[Two Thumbs]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

Ironic

1 ceo being a dick means they all are dicks

but if I want to keep muslims from entering the country.....

 

[IsaacNewton]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

Ironic

1 ceo being a dick means they all are dicks

but if I want to keep muslims from entering the country.....

That isn't what I said but if that's what your gremlin tells you then go with it. And just 1? A little research would enlighten you immensely. But that is work and you are averse to work so. Ironic huh.

 

[ABikerSailor]

I hope he gets at least as much time as Madoff did.

 

[AvgGuyIA]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

Its not the purpose of a business to enrich you or make your life enjoyable, pinko.The purpose of a business is to make as much money for the owner that is legally possible. If you get anything of benefit, that is only a secondary consolation.

 

[ABikerSailor]

However...............there are laws against profiteering.

That's what this guy was doing.

 

[mdk]

What does does him being Jewish have to do with anything?

 

[Syriusly]

Jewish CEO of Turing Pharmaceuticals Drives Up Price of Medicine for Big Profits « National Vanguard

Recently, Shkreli became infamous for raising the cost of a drug named Daraprim, which is used to treat parasitic infections, especially among pregnant women and persons with weakened immune systems.

Turing acquired the rights to it, and Shkreli promptly jacked up the price by a factor of about 55, from $13.50 per pill to $750 per pill. Criticism ensued. Shkreli made the predictable justifications, saying that the price increase was necessary so that Turing could make a profit. Generic versions of Daraprim are sold in foreign countries for as little as $20/bottle. It costs a few cents per pill to manufacture. Even the $13.50 pre-Shkreli price was outrageous

I love capitalism, but this guy goes way too far, deliberately massively overpricing cheap to produce drugs because he can.

What he did in that case isn't illegal (but it probably should be, but it seems one of his previous actions could well have been.

Pharma boss Martin Shkreli arrested on fraud charges - BBC News

Pharmaceutical boss Martin Shkreli, who sparked outrage after hiking up the price of an established medicine, has been arrested on separate fraud charges.

He is accused of fraud relating to a drug company he previously headed, Retrophin, and a hedge fund, MSMB Capital Management, where he was a fund manager.

He is currently chief executive of Turing Pharmaceuticals.

Mr Shkreli was arrested by the FBI.

One hopes they stick him in prison for a very long time.

To the questions:

Should capitalism be totally free, or are there moral limits?

What does his religion have to do with anything?

 

[IsaacNewton]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

Its not the purpose of a business to enrich you or make your life enjoyable, pinko.The purpose of a business is to make as much money for the owner that is legally possible. If you get anything of benefit, that is only a secondary consolation.

Ah yes, the slave's point of view. Your happy if you get anything from your master. You are like a whimpy whiny little dog in a pack of dogs and you just do what the lead dog tells you and you are happy with whatever scraps you get.

 

[EverCurious]

Why did I immediately think of ACA when I read that statement?

 

[Two Thumbs]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

Ironic

1 ceo being a dick means they all are dicks

but if I want to keep muslims from entering the country.....

That isn't what I said but if that's what your gremlin tells you then go with it. And just 1? A little research would enlighten you immensely. But that is work and you are averse to work so. Ironic huh.

yea ya did

 

[IsaacNewton]

You mean this 'job creator' screwed every human being he could to cover his own incompetence in business? What a new thing, this has never happened before, all business owners are saints that only help humanity according to con-logic.

Or......they are just greedy humans who couldn't give a rats ass about anyone else. Selfishness, the great craven idle of conservatives.

Ironic

1 ceo being a dick means they all are dicks

but if I want to keep muslims from entering the country.....

That isn't what I said but if that's what your gremlin tells you then go with it. And just 1? A little research would enlighten you immensely. But that is work and you are averse to work so. Ironic huh.

yea ya did

Riiight, and the sky is green and you ride rainbow colored unicorns, just cuz' you say so!

LOL

 

[Two Thumbs]

I hope he gets at least as much time as Madoff did.

another leftist assumes his guilt.



goddamn you people are predictable