pharma industry often gets a bad rap (sometimes deserved)
this hedge fund guy is like a character from a movie…now he is in trouble.
not a lot of people will be defending him.
http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/
So glad to hear this news.
so what happens with the drug now? or the company?
I think it is a shell company and does not actually manufacture or produce anything. I could be wrong.
my main concern is that all meds get to people who need them and that they are properly made.
Karma!!
Supposedly you can get the pill for $1.53 online, from an international online pharmacy.
This is disgusting. Apparently many people with HIV/AIDS are affected by this. I’m kind of glad that this guy did something so obviously egregious, by raising the price so rapidly. If they had slowly inched the price up, it wouldn’t have been so noticeable.
busdriver had the guy say… doubled the price…built a new state of the art facility and worked to improve the drug …I would say go for it.
what he did was so beyond absurd and disgusting it seemed more like the behavior of a sociopath? and the more negative exposure he got the more he appeared to like it! very bizarre at best !
Finally… The Bro got nabbed! Good riddance.
^^^This.
Here’s the indictment:
In case you were wondering whether the prosecutors were hunting around for something to charge him with just because they thought he was a terrible excuse for a human being: No.
They’re alleging he defrauded people of millions of dollars with a Ponzi scheme. If he did what they say he did, it’s not just skirting on the edge of legality, it’s blatant fraud and theft.
It’s like an early Christmas present.
The cast of characters in the indictment is entertaining. We have the crook Shkreli (and may I say to US Attorney Robert Capers, thanks for the perp walk). We have his shyster lawyer Greebel, who was also indicted. We have Co-Conspirator 1, aka Sings Like A Birdie, and Corrupt Employee 1, who is undoubtedly lawyering up as you are reading this. And then we have Investors 1-N, who made million-dollar investments with this scam artist and lost all their money.
Redundancy
First Ethan Couch decides to go off and play fugitive; now this dirtbag gets arrested…I do say, it has been a thoroughly entertaining week.
I have no sympathy for this fellow at all, but he’s undoubtedly the age of some of our children. Could any of your kids have done something like this??
so why can drugs be so expensive in the U.S.?
why can’t everyone just buy their drugs from international markets?
over zealous government laws? or what?
"so why can drugs be so expensive in the U.S.?
why can’t everyone just buy their drugs from international markets?
over zealous government laws? or what?"
Those are good questions, @soccerguy315. I wonder. It sounds like you can just buy this stuff online. And if I couldn’t, I’d just buy a cheap ticket overseas, take a mini vacation, and buy myself some of these pills for 1/700th of the price. However, I think part of the point is that the insurance companies pay for it, individuals have a small copay, and the rest of us get suckered for what the insurance companies pay. How these kind of companies can be legal, is beyond me.
I wondered in another thread if this guy is a sociopath. I think it’s definitely a legitimate question.
From the research I’ve done, the government does not enforce laws against buying medicine from overseas, although they will sometimes confiscate packages as they enter the country. However, if you try to buy controlled substances or steroids by mail you stand a pretty good chance of being arrested. Apparently a lot of people are buying medicine from abroad simply because they can’t afford to buy it here.
Pills that cost $30-$50 in this country often sell for fifty cents in other countries. I think the U.S. ought to use all our might to protect the patent rights of our companies, but I also think they should be required to charge everyone the same price. If it sells for a cheap price in Canada or India then they ought to be required to offer it for the same price here.
Saw this today in the New Yorker. It’s satire but I’d love if it were true.
^^LOL!!!
I bought some zyrtec, retin A and other Rx from India via online order. It was as described and cost MUCH less than even my low copay for Rx on my insurance plan. At the time my insurance company had my copay for zyrtec play pills @ $1 apiece. I got them for $.01 apiece, plus postage, which still made my Rx mail order cheaper than I could get in the US. (Fortunately, zyrtec is now OTC and very reasonable at Costco, tho more than $.01/pill.)
I know lots of patients who buy via mail order. If its no more than 6 month supply, they usually record I’ve the Rx without problems, especially since most are inhalers, some antibiotics and sometimes other meds too. Narcotics may be a problem.