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