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timmy
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Has no life at all |
Location: UK, in Devon
Registered: February 2003
Messages: 13767
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A 32-year old hedge fund manager just purchased the rights to an essential medication used by cancer and HIV patients. His first move? Jack the cost from $13.50 per pill to $750 overnight.
This is nothing less than an enormous cash grab from a vulnerable population who have no choice but to pay. Sign this petition now to ask Martin Shkreli to fully reverse the price increase now, and stop exploiting the sick:
http://action.sumofus.org/a/martin-shkreli/?sub=taf
Author of Queer Me! Halfway Between Flying and Crying - the true story of life for a gay boy in the Swinging Sixties in a British all male Public School
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ChrisR
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Likes it here |
Location: Western US
Registered: October 2014
Messages: 136
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He's already feeling the heat and says that the price will be reduced over the next few weeks. Of course he doesn't say what that new price will be. Or exactly how many weeks. Or what people who need it will have to do while he rethinks his price rise. (And his hike was only 5000% after all.)
Funny that the mainstream media didn't mention its usefulness for AIDS sufferers. Hollywood would've gone batshit.
http://www.nbcnews.com/news/us-news/drug-ceo-will-lower-pric e-daraprim-after-outrage-n431926
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ivor slipper
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Likes it here |
Registered: September 2013
Messages: 128
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I don't agree with his actions, but doubt he will be concerned about a petition.
The drug in question appears to have been developed in the 1950s so would now be out of patent in which case another manufacturer could produce a duplicate surely?
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larkin
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Toe is in the water |
Location: Massachusetts
Registered: June 2015
Messages: 58
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I apologize for my salty language but it couldn't be helped..
I am sure that you've read the recent story in the news about the weasel, hedge funder who purchased the company that manufactured a drug essential for treating toxoplasmosis. As a marketing strategy he raised the price 5500%.
Forces unseen, have compelled this little weasel to sell the firm back to the original owners who have quietly doubled the old price.
If you think it was a humanitarian gesture, think again...
Currently, thanks to the affordable care act, the US government cannot negotiate wholesale drug costs. Why? Because it was the pharmaceuticals who wrote the legislation and whores that they are, our elected officials greedily took the money..
They got this guy in a corner and said, "You can't do that! You're gonna f*ck-up a good thing for all of us!"
The truth is they are all egregiously over charging. Thanks to the passive compliance of the government and with great precision, these corporations are pushing as far as the traffic will bare... In concert, they have a system and they can't have this little weasel coming in and ruining everything.
A side effect of this situation is that people with insufficient funds are trying to order from foreign pharmaceutical outlets most commonly in Canada.
The Fed's response is one: "Don't trust medications purchased abroad, they'll kill you!"
And 2: They use the Post Office to confiscate drug purchases considered illegal, depriving desperate people of their medication.
In a truly free market place you should be able to purchase drugs anywhere at the lowest price. These big corporations want a free market for themselves,...but not for us.
Do you see the contradiction?
Ask yourself, "Who the is the government working for?"
[Updated on: Thu, 24 September 2015 12:28] |
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I thought that the cost of AZT went up years ago? I guess this is no different.
Sad to see that the $$$$ are more important.
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When are they not?
Warren C. E. Austin
The Gay Deceiver
Toronto, Canada
"... comme recherché qu'un délice callipygian"
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You are correct Warren but, it is a sad state of affairs. 
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Quote:ivor slipper wrote on Thu, 24 September 2015 12:49I don't agree with his actions, but doubt he will be concerned about a petition.
The drug in question appears to have been developed in the 1950s so would now be out of patent in which case another manufacturer could produce a duplicate surely?
--
That's what I was wondering. I mean, as I understand it, when something is out of patent what's stopping even lil ole me from cooking up a batch of pills and shipping them out to the sick for.... FREE!
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Kitzyma
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Likes it here |
Registered: March 2012
Messages: 226
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Quote:WestcliffWriter wrote on Sun, 25 October 2015 19:33
Quote:Quote
":"ivor slipper wrote on Thu, 24 September 2015 12:49I don't agree with his actions, but doubt he will be concerned about a petition.
The drug in question appears to have been developed in the 1950s so would now be out of patent in which case another manufacturer could produce a duplicate surely?
--
That's what I was wondering. I mean, as I understand it, when something is out of patent what's stopping even lil ole me from cooking up a batch of pills and shipping them out to the sick for.... FREE!
--
99 cents is almost free... see my post above.
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Good. Now the money-grubby bastard can go fuck himself. I hope he looses millions of dollars as well as financial backing and reputation and ends up flipping burgers.
I'm a firm believer in free markets and capitalism, but he is a real piece of trash. What he did was not free-market or capitalism, just greedy. Free-market economies determine the cost of an item: what someone can or is willing to pay for something, not the absolute most the creator/provider can demand.
raysstories.com
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dgt224
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Toe is in the water |
Location: USA
Registered: May 2011
Messages: 81
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Martin Shkreli was trying to take advantage of the fact that the pharmaceutical industry is not a free market, at least in the United States. He was counting on the expense involved in convincing the FDA that a generic drug is equivalent to an approved drug like Daraprim to make it impractical for anyone else to start providing a less expensive generic form of pyrimethamine. Since he came to pharmaceuticals from a background as a hedge fund manager, he presumably wasn't aware that a compounding pharmacy wouldn't be faced with the FDA roadblocks that would keep out a manufacturer of generic drugs.
The failure of his plans? Couldn't happen to a more deserving pirate.
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