This guy's smirk illustrates the entry for 'backpfeifengesicht' in several dictionaries In an age when there's so much division and hate, it's nice when people from all walks of life can come together in agreement on one thing: Martin Shkreli, the CEO who raised the price of a lifesaving drug for a rare disease, from $13.50 to $750 a dose, so his company, Turing Pharmaceuticals, would become profitable overnight, is an asshole. Even a lot of the people who support his decision seem to at least agree on that. The internet went into Full Outrage Mode over the weekend after a
WOW. Insider trading at it's finest. Short selling his own stock, knowing he was going to obscenely raise the price of a 62? yr-old drug, which would cause global outrage, likely affecting his stock price and causing it to fall. Nothing to do with actual sick people, this is about manipulating the stock so he can make a windfall. He needs to be in prison, and we need to join every other developed nation on the planet and make it ILLEGAL to make a profit of anyone's health, since it's a giant conflict on interest.
I know this is way late, but I'd thought I'd put this up anyway:
I used to work for a pharmaceutical market research company, and we ran into the "this necessary drug is priced too high" argument a lot. I'm not saying we disagreed, but there are three semi-legitimate reasons why some drugs--especially drugs to treat/cure rare conditions--are so expensive:
1. Companies need to recoup their R&D costs (those microbologists/research pharmacists don't come cheap) and fund the manufacturing and marketing.2. Actually manufacturing the drug(s) is incredibly complex and expensive (see, as a random example, the medication producing lab scene in Lorenzo's Oil, where formulating even one drop took, like, an hour or more)3. The medication patent (or company) has been bought and the new owner(s) need to recoup the price (sleezy, yes, but there you go)
So for this product:
1. It's decades-old. The R&D costs were covered a LONG time ago. All that's left to pay for is manufacturing and marketing, and it sounds like they don't have to pay for much in the way of marketing these days. Regardless, this explains the original $1 cost.
2. Manufacturing probably wasn't that difficult, given the original $1 cost.
3. Buying it probably was pricey, as it's the preferred treatment for a devastating rare condition. However, the original rise to $13 already was a shitty thing to do, and no doubt there was much beating of spears on shields when it happened. This price hike? No fucking way. Trust me when I say the CEOs of all the Big Pharma companies currently are shaking their heads in wonderment that anyone could think them reprehensible when this dingleberry exists.
I may have misread you, but your "bastardization of what capitalism was supposed to be" phrasing suggests that capitalism can still work if done right. I am less optimistic.
Well I'm not sure about any of this to be honest...my point was that on paper a lot of things look good for the many..or all of society..like socialism prob out best bet....but communism etc...all looked good on paper to those who wanted to change things...then when implemented ...the selfishness of people takes hold and it is bastardized...that's all...
Yeah, the $13 a pill is still shockingly expensive, when you're looking at a typical dosage: 50 to 75 mg QD for 1 to 3 weeks, followed by maintenance dosage of half the mg amount for up to 5 weeks. The pills come doses in 25 mg, so at $13 a pill the initial cost for my son, who "caught" toxoplasmosis from a dirty carpet/padding (he's a flooring/carpet installer; you can't imagine the filth trapped in carpet padding, even in CLEAN homes) to fill his prescription was $850. That was just for the first 3 weeks. He didn't know he had toxoplasmosis until his eye started bothering him and he was diagnosed by an ophthalmologist, by which time he had permanently lost the vision in his right eye. He later developed pericarditis, another effect of toxo, for which he was hospitalized for 3 days and placed on an IV drip, which cleared up the pericarditis but there's a good chance the toxoplasmosis is still lurking and wreaking further havoc. I think Shkreli is a piece of Cheney shit, don't get me wrong, but the jackholes who racheted the price of the pill from $1 to $13.50 are pieces of Bush shit (stinky slimy brown loaves of digested fatty foods as opposed to stinky slimy brown loaves of digested puppies and kittens). Full disclosure: I couldn't help him because I've been unemployed for 5+ years (one of those 55-ish sad sacks who will probably never work again, thanks Republicans!) and I'm barely hanging on ova heah. His dad wouldn't help him because Dad is a Republican who loves his money more than he loves his kids.
AHAH!, A new face for toilet paper, smiling as he scr.over the sick. Where are the pinatas? May he catch a rare form of toxoplasmosis that can't be cured and live a thousand years. Question: from which part of his mother's body did he exit?
Theory? It's been in practice by the United States for over 200 yrs. Jesus, man/woman/trans/. And what they actually may say about Socialism is that it sounds good on paper, but in practice, which it also has been in China and the Soviet Union, it fails. Maybe your thinking of the expression, "Capitalism is our worst economic system besides all the rest." Or maybe you're not thinking.
Consider the follwing narrative: I've been retired since 2009. Last January I was diagnosed with colon cancer, stage IIB. I'll have my verdict next Monday.I think it'll be 6-12 months of chemo.Between us, I think I've satisfied all my life's desires, like saying "been there, saw it and done it". So what's left? Trying to get to be 90 years old?
My mother passed away 3 years ago at 91. In her sleep. Perfectly healthy. She walked the dog a couple of hours before and spoke to neighbors.
So, what I have on my plate: what should I do? Go on and keep on living my life as I've always done? Smoking, drinking and enjoying fine food during the time left? Or "chemo"? We all have to go. Presidents, popes, artists.
The question is: How do we want to go. Making doctors (The Referring Mafia) and Big Pharma rich? Or with dignity, without suffering?
I mean, we've been told that the most precious thing we have is life (after that we might find out that we lived in Hell all the time).My life is the only thing that's REALLY mine. I'll decide how to end it.
"I'm thinking it over!" - Jack Benny
exactly. the absolute highest price you can get is the only is one that is correct. "whatever the market will bear." is the prime directive.
Right"..Exactly my point...
Except that this version seems to lack the "Go Directly to Jail" square.
WOW. Insider trading at it's finest. Short selling his own stock, knowing he was going to obscenely raise the price of a 62? yr-old drug, which would cause global outrage, likely affecting his stock price and causing it to fall. Nothing to do with actual sick people, this is about manipulating the stock so he can make a windfall. He needs to be in prison, and we need to join every other developed nation on the planet and make it ILLEGAL to make a profit of anyone's health, since it's a giant conflict on interest.
I know this is way late, but I'd thought I'd put this up anyway:
I used to work for a pharmaceutical market research company, and we ran into the "this necessary drug is priced too high" argument a lot. I'm not saying we disagreed, but there are three semi-legitimate reasons why some drugs--especially drugs to treat/cure rare conditions--are so expensive:
1. Companies need to recoup their R&D costs (those microbologists/research pharmacists don't come cheap) and fund the manufacturing and marketing.2. Actually manufacturing the drug(s) is incredibly complex and expensive (see, as a random example, the medication producing lab scene in Lorenzo's Oil, where formulating even one drop took, like, an hour or more)3. The medication patent (or company) has been bought and the new owner(s) need to recoup the price (sleezy, yes, but there you go)
So for this product:
1. It's decades-old. The R&D costs were covered a LONG time ago. All that's left to pay for is manufacturing and marketing, and it sounds like they don't have to pay for much in the way of marketing these days. Regardless, this explains the original $1 cost.
2. Manufacturing probably wasn't that difficult, given the original $1 cost.
3. Buying it probably was pricey, as it's the preferred treatment for a devastating rare condition. However, the original rise to $13 already was a shitty thing to do, and no doubt there was much beating of spears on shields when it happened. This price hike? No fucking way. Trust me when I say the CEOs of all the Big Pharma companies currently are shaking their heads in wonderment that anyone could think them reprehensible when this dingleberry exists.
I may have misread you, but your "bastardization of what capitalism was supposed to be" phrasing suggests that capitalism can still work if done right. I am less optimistic.
Well I'm not sure about any of this to be honest...my point was that on paper a lot of things look good for the many..or all of society..like socialism prob out best bet....but communism etc...all looked good on paper to those who wanted to change things...then when implemented ...the selfishness of people takes hold and it is bastardized...that's all...
Yeah, the $13 a pill is still shockingly expensive, when you're looking at a typical dosage: 50 to 75 mg QD for 1 to 3 weeks, followed by maintenance dosage of half the mg amount for up to 5 weeks. The pills come doses in 25 mg, so at $13 a pill the initial cost for my son, who "caught" toxoplasmosis from a dirty carpet/padding (he's a flooring/carpet installer; you can't imagine the filth trapped in carpet padding, even in CLEAN homes) to fill his prescription was $850. That was just for the first 3 weeks. He didn't know he had toxoplasmosis until his eye started bothering him and he was diagnosed by an ophthalmologist, by which time he had permanently lost the vision in his right eye. He later developed pericarditis, another effect of toxo, for which he was hospitalized for 3 days and placed on an IV drip, which cleared up the pericarditis but there's a good chance the toxoplasmosis is still lurking and wreaking further havoc. I think Shkreli is a piece of Cheney shit, don't get me wrong, but the jackholes who racheted the price of the pill from $1 to $13.50 are pieces of Bush shit (stinky slimy brown loaves of digested fatty foods as opposed to stinky slimy brown loaves of digested puppies and kittens). Full disclosure: I couldn't help him because I've been unemployed for 5+ years (one of those 55-ish sad sacks who will probably never work again, thanks Republicans!) and I'm barely hanging on ova heah. His dad wouldn't help him because Dad is a Republican who loves his money more than he loves his kids.
AHAH!, A new face for toilet paper, smiling as he scr.over the sick. Where are the pinatas? May he catch a rare form of toxoplasmosis that can't be cured and live a thousand years. Question: from which part of his mother's body did he exit?
http://www.breitbart.com/bi...
Theory? It's been in practice by the United States for over 200 yrs. Jesus, man/woman/trans/. And what they actually may say about Socialism is that it sounds good on paper, but in practice, which it also has been in China and the Soviet Union, it fails. Maybe your thinking of the expression, "Capitalism is our worst economic system besides all the rest." Or maybe you're not thinking.
Consider the follwing narrative: I've been retired since 2009. Last January I was diagnosed with colon cancer, stage IIB. I'll have my verdict next Monday.I think it'll be 6-12 months of chemo.Between us, I think I've satisfied all my life's desires, like saying "been there, saw it and done it". So what's left? Trying to get to be 90 years old?
My mother passed away 3 years ago at 91. In her sleep. Perfectly healthy. She walked the dog a couple of hours before and spoke to neighbors.
So, what I have on my plate: what should I do? Go on and keep on living my life as I've always done? Smoking, drinking and enjoying fine food during the time left? Or "chemo"? We all have to go. Presidents, popes, artists.
The question is: How do we want to go. Making doctors (The Referring Mafia) and Big Pharma rich? Or with dignity, without suffering?
I mean, we've been told that the most precious thing we have is life (after that we might find out that we lived in Hell all the time).My life is the only thing that's REALLY mine. I'll decide how to end it.
Hell is too good for an ashole like Shkreli and his kind.
And you Derply are a piece of Obama shit.
Trouble is he is only one of millions of his kind who are destroying the world.