No You Don't Get To Gouge People To Make A Profit

[skews13]

In a decision on Friday, Judge Denise Cote ordered him to repay $64.6m (£47m) in profits he made from the scheme. She ruled that Mr Shkreli's actions had violated laws against monopolies.

Mr Shkreli is currently serving a prison sentence for defrauding investors.

But this decision is about action he took in 2015 to raise the price of Daraprim, a long-established medicine used to treat toxoplasmosis, from $13.50 to $750 - around 4,000% - overnight.

Jailed 'Pharma Bro' ordered to repay $64m

And not only that. If you do, we can come take the money back.

 

[pknopp]

Maybe not to this extent but Pharmaceutical companies do this all the time. I wonder how one determines how much is too much.

 

[BlackSand]

.

Here's a link ... And the only one I found, that even tried to determine where the money will come from and who it will go to.
It's possible, but not definite the States involved are just trying to get their cut of the profits.

"Now, the seven plaintiff states - New York, California, Illinois, North Carolina, Ohio, Pennsylvania and Virginia - are entitled to a payout but it's unclear where the money will come from, and what the states will do with it if Shkreli ever pays up."

.​

 

[JGalt]

I gouge people every chance I get. Most folks are too stupid to realize they're being had.

 

[Meister]

Maybe not to this extent but Pharmaceutical companies do this all the time. I wonder how one determines how much is too much.

I would think the research/development phase of the drug would/should determine the price.

 

[Meister]

I gouge people every chance I get. Most folks are too stupid to realize they're being had.

True, and it seems the worst suckers are the federal government.

 

[OhPleaseJustQuit]

I gouge people every chance I get. Most folks are too stupid to realize they're being had.

95% of my clients have always been liberal democrats and I always worked hard to give them fair prices and still get paid for my work. When they started cancelling me after 2015 because I didn't hate Trump enough to suit them, I started raising my prices.

 

[Hang on Sloopy]

I gouge people every chance I get. Most folks are too stupid to realize they're being had.

You see inflation is going to be caused by greed according to libturds,. Their already at it. Spews is a great barometer for this kind of stuff

He's the greatest Chuck and Duck poster we ever had

 

[pknopp]

I would think the research/development phase of the drug would/should determine the price.

The research here was done by the government.

Aug. 24, 2016: Senator's daughter who raised price of EpiPen got $19 million salary, perks in 2015

 

[Hang on Sloopy]

I would think the research/development phase of the drug would/should determine the price.

These morons think every drug developed is approved....LOL................Stoopid shats

I think it is 1 of 5 or worse. Cost of failures go into the one that works.

These stupid people could never take care of themselves...lol

 

[Meister]

The research here was done by the government.

Aug. 24, 2016: Senator's daughter who raised price of EpiPen got $19 million salary, perks in 2015

The epipen was unique, it already had a fixed price until that squirrel took over.
I would like to have bitch slapped that smirk right off of that mug of his.
I digress.......That was blatant gouging, IMO. But, most there is an equation for a fair profit.
Viagra was another that Pfizer(?) took advantage of. Not sure how they kept it off the
generic market as long as they did. Sure had quite the gig going with that drug.

 

[Hang on Sloopy]

The epipen was unique, it already had a fixed price until that squirrel took over.
I would like to have bitch slapped that smirk right off of that mug of his.
I digress.......That was blatant gouging, IMO. But, most there is an equation for a fair profit.
Viagra was another that Pfizer(?) took advantage of. Not sure how they kept it off the
generic market as long as they did. Sure had quite the gig going with that drug.

Viagra was unique. It was the greatest find of all time. Man has been looking for it since the beginning of impotency

This blood pressure drug was started in trials. Soon one by one the patients were saying................Doc, my dick hasn't worked in 2 decades...But look at this whopper..........Mildred hasn't walked like John Wayne in ages

 

[OhPleaseJustQuit]

Viagra was unique. It was the greatest find of all time. Man has been looking for it since the beginning of impotency

This blood pressure drug was started in trials. Soon one by one the patients were saying................Doc, my dick hasn't worked in 2 decades...But look at this whopper..........Mildred hasn't walked like John Wayne in ages

You naughty thang!

 

[Hang on Sloopy]

You naughty thang!

That was hilarious.lolol......Sometimes it comes out ball bustin funny......Poor Mildred though

 

[Confederate Soldier]

And you wonder why we get suspicious when Phyzer, who is making Billions, keeps suggesting that we get boosters and they get more Billions.

 

[MarcATL]

OP when did your ilk realize that price gouging was bad?

 

[Wild Bill Kelsoe]

Maybe not to this extent but Pharmaceutical companies do this all the time. I wonder how one determines how much is too much.

Part of the reason for high prices, is that new drugs most often get jerked off for years by the FDA. The approval of the covid vaccines show that there needs to be a full on investigation of the FDA to determine how many times they drug their feet to approve a new drug and more importantly, why. Was it political? Financial? Plane ol' corruption?

 

[JGalt]

And you wonder why we get suspicious when Phyzer, who is making Billions, keeps suggesting that we get boosters and they get more Billions.

The fact that our own government is telling us that we absolutely must have more booster shots says something to me. That's why I refuse to believe any Democrat when they start talking shit about "evil greedy capitalist corporations" because Democrats are those evil greedy capitalist corporation's best friends forever.

 

[Esdraelon]

I gouge people every chance I get. Most folks are too stupid to realize they're being had.

The best sales line I ever heard was when we were buying a pontoon boat at a dealer. I mentioned the pricing, in general, seemed pretty exorbitant, it was our first purchase of a boat. He said... "I learned a long time ago that you can shear a sheep many times but you can only skin him ONCE". I loved that boat

 

[the other mike]

Maybe not to this extent but Pharmaceutical companies do this all the time. I wonder how one determines how much is too much.

Merck's Vioxx pretty much sets the low bar.
They killed up to 60,000 people and still profited about a billion from the drug, even after the lawsuits.

Now we're ordering millions of their Covid pills.

For profit genocide ?