Drug goes from $13.50 to $750 overnight

[SportsGuy41017]

Even liberals now finally see Obama Care as not meeting its goal of stopping high cost.

 

This isn't huge difference. This guy is a pile of garbage using the system to make as much as he can as possible by going after and purchasing the rights to drugs used for critical diseases.

[SportsGuy41017]

The former hedge fund manager whose pharmaceutical company has come under withering attack for allegations of egregious price-gouging on life-saving medication is the subject of a $65 million lawsuit by his former employer for alleged stock manipulation—and it turns out he once tried a similar price hike scheme with that company. During Martin Shkreli's tenure as CEO of Retrophin—the company that is now suing him—the company increased prices on a decades-old kidney medication by about 20 times its original cost, a move similar to the controversial price increase by his new company reported by the New York Times on Sunday.

 

When Shkreli was CEO of Retrophin, the company purchased a kidney medication approved by the FDA in 1988 called Thiola and increased the cost from $1.50 per pill to $30 per pill.* That drug treated cystinuria, a lifelong disease for which there is no known cure and which afflicts about 20,000 patients in the United States. Forbes health care contributor Steve Brozak described the disease last year when news of the price increase broke:

 

 

Martin Shkreli price gouging: The hedge fund bro pulled drug price hike scheme in his last job, is being sued for $65 million

[Knights]

What an atrocious person

[woodsrider]

It's really hard to buy into Karma with a tool bag like this still around.

[SportsGuy41017]

I heard that with all of the outrage that he has decided to roll back the price hike. He still has a lot of problems including a lawsuit against him of at least $55 million.

[SportsGuy41017]

Hackers just released the home address and phone number of price-gouging pharma CEO Martin Shkreli

[MayfieldFan]

Even liberals now finally see Obama Care as not meeting its goal of stopping high cost.

 

Intentional or not, you gave me a good chuckle. Better watch out! obamacare gonna get ya!

 

Seriously, all jokes aside, I just checked the paper and there were a number of obituaries in there. So now that we have obamacare, why are people still dying? Well, I mean other than the ones that die as a result of the obamacare death squads that we were promised.

[Dlbdonn]

Even liberals now finally see Obama Care as not meeting its goal of stopping high cost.

This has nothing to do with the ACFA and everything to do with Greed !!!!!

[woodsrider]

Looks like his little plan backfired. Competitor made their own version of the drug and is selling it for $1/pill

 

Drugmaker offers $1 alternative to medicine that skyrocketed 5,000% - Oct. 23, 2015

[HammerTime]

Looks like his little plan backfired. Competitor made their own version of the drug and is selling it for $1/pill

 

Drugmaker offers $1 alternative to medicine that skyrocketed 5,000% - Oct. 23, 2015

Awesome! Free market does its job. Also shows the great power of social media.

[SportsGuy41017]

^ so now he loses $55 million, we hope.

[LIPTON BASH]

You knew this would happen he brought to much bad pub to industry and now the big boys will crush him.

[ggclfan]

Karma can be a good thing....

[mcpapa]

Obamacare!!

[MayfieldFan]

Obamacare!!

 

 

Doesn't work that way. Everything bad is blamed on Obamacare. Anything good is due to something other than Obamacare. Get with the program mcpapa. Obamacare is gonna kill us all.