Pharma firm hikes life-saving drug price by 5,500%

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Odium, Sep 21, 2015.

  1. Odium
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    Odium Gold Member

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    Pharma firm hikes life-saving drug price by 5,500%

    This is why government should have absolute control over these things....no price gouging allowed so some rich asshole can get richer.Oh and I don't mean this democracy shit either. I mean a Racial Socialist state where we all work for each other and we all benefit. This nation is a dumpster of shit.
     
  2. Odium
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    Odium Gold Member

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    Shkreli has been known to make controversial statements on Twitter about others.[7]

    In September 2014 Retrophin acquired the rights to thiola, a drug used to treat the rare disease cystinuria. It was with Shkreli as CEO that Retrophin introduced a 20-fold price increase for Thiola, despite no additional research and development costs incurred by obtaining these rights.[8][9]

    Shkreli has also came under fire from CREW (Citizens for Responsibility and Ethics in Washington) for the alleged manipulation of the FDA regulatory process in order to move stock prices for his own financial gain,[10] though these allegations did not result in any charges.

    On August 17, 2015, Retrophin filed suit against Shkreli seeking $65 million in damages.

    In August 2015 Turing Pharmaceuticals, Executive Chairman Martin Shkreli raised the price of Daraprim from $13.50 per pill to $750 per pill — a 5,455% increase[4]— shortly after purchasing the rights to the drug. Turing has exclusive rights to market Daraprim, which has been on the market since 1953. [11]

    Why isn't this piece of shit in prison?
     
  3. guno
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    guno Gold Member Supporting Member

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    Or shot
     
  4. Luddly Neddite
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    Luddly Neddite Diamond Member

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  5. Eaglewings
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    Eaglewings Platinum Member Supporting Member

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    I hate these people that we put in office and now look at what we have with the big pharma
    and of coarse buying out of the country is illegal.

    I had to get 6 shots of a cancer drug called neulesta $20,000 a shot..

    People just don't get it until they get sick, no worries our congressmen will have the best for the rest of their life's.




    ~
     
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  6. GHook93
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    GHook93 Aristotle

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    It must be the JJJJOOOOOSSSSS!!! Not sure even a douche like you can claim Shkreli is Jewish.

    He is scum and will end up in hell, but it government took full control of the pharm industry there would be no innovation in medicine. America is still by far the leader in drug innovation in the world. Second is, your not going to like this, tiny Israel!


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  7. Odium
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    Odium Gold Member

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    Nope already checked the shithead is Albanian....
     
  8. GHook93
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    GHook93 Aristotle

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    Martin Shkreli: 5 Fast Facts You Need to Know

    He is a grade A piece of shit. Can someone please tell this scumbag that he can't take his millions with him. To be frank $13.50 a tablet is very expensive and only the worst kind of individual would buy another company that is profitable and take one of their leading products that is life saving medication for AIDS patients and babies and raise the price to $750 a tablet. Then he brags about it on Twitter. Now the fuck face says he will reduce the price, SOLELY BECAUSE OF LOST PROFITS. The catch is he didn't say to what. I doubt to $13.50. Even if it's to $50 (which I doubt it) that is still a 5x increase!

    Tell us again why we can't buy drugs across borders!

    People will mock Mexico, but my parents have a winter condo in Mexico. They what to travel to Mexico to get all their dental work done. They buy there medication at tiny percentage of the price. It is insane.


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  9. Odium
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    Odium Gold Member

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    Damn we agree.
     
  10. Delta4Embassy
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    Delta4Embassy Gold Member

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    What comes from making healthy insurance mandatory. Since by and large individuals aren't paying for things, some insurance company is, rates go into orbit. If individuals still paid everything out of pocket, rates would reflect that.
     

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