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Negotiations between colluding corporate interests.
Where was the public negotiations?
Where was the worker negotiations?
It was all kept secret from the public
When it involves everyone, and the TPP most certainly does, everyone should have a say in it.
That is not what happened though, and the only reason people knew about it early is because it was leaked by wikileaks.
What we have in this country is Corporate Fascism, not a consumer, worker and business oriented marketplace.
And none of these speak to my post.
Unless you're defending someone who seems to have found out about TPP last week.
His reasoning for raising the prices back in October, see he is a humanitarian as he wanted to put the profits back into research.
“For us it made a lot of sense because it was a drug that not many drug companies wanted to own… So it was in danger of being put out of business… It was one of the smallest products in the drug business -- so now it’s a little bit of a bigger product but it’s still really tiny compared to blockbuster drugs like Viagra or Lipitor. So this product is now affordable to make. We can make it and turn a profit and put it back into research for this disease,” he said.
Shkreli said that taking the price up 5,000% will give the company the capability to make a better drug to treat HIV and AIDS.
“Put yourselves in the shoes of someone who has this illness. This drug is 70 years old -- and it has terrible side effects and it’s not that effective… If you were a patient that had this illness you wouldn’t want a 70 year old drug. Most people don’t want a 6 month old cell phone… I think when people say $750 -- that sounds like a lot of money, but the reality is 60% of our patients get it for $1, one penny per pill.”
Why doesn't our government impose price controls on prescription drugs like every other country? Why do we have to pay for the entire world's R&D? The argument I've heard in the past is that it was 'socialism.'
It is very difficult to believe that people think that still as we cover the cost of drugs for the entire world. I guess the price of unfettered capitalism is to pay sky high drug prices or die?
Shrekli is just a scapegoat. Hospitals have had outrageous prices on their chargemasters for years and no one was calling for their heads. The only reason Shrekli is being burned alive for this is because he drew too much attention to himself and he has other legal issues.
You are taking things to the extreme and not even making a fair comparison. His action is not in comparison to murder.
Yes he's selling a critical lifesaving medicine at a high price not completely unaffordable, but so are thousands of other companies. Where are the outrage?
Um, at the price he was charging it would be unaffordable to some.
Ever actually bought cancer drugs for someone?
I have and while I respect that he should be able to make a profit, when you have people over a barrell with their lives in the balance that's beyond the pale.
Imagine you crash your car on a country road and you go up to a farm house freezing to death and the guy shakes you down for everything you own in order to save your life? Tough luck I guess...that's your problem.
Shrekli is just a scapegoat. Hospitals have had outrageous prices on their chargemasters for years and no one was calling for their heads. The only reason Shrekli is being burned alive for this is because he drew too much attention to himself and he has other legal issues.
He is an anecdote not a scape goat, and he is symptomatic of the health care industry. Hospitals may be over priced but indigent showing up in hospitals is part of your bill, who knows the bottom line.
Um, at the price he was charging it would be unaffordable to some.
Ever actually bought cancer drugs for someone?
I have and while I respect that he should be able to make a profit, when you have people over a barrell with their lives in the balance that's beyond the pale.
Imagine you crash your car on a country road and you go up to a farm house freezing to death and the guy shakes you down for everything you own in order to save your life? Tough luck I guess...that's your problem.
Without knowing what the price paid for the purchase of the company which manufactured the drug, the expected cap rate, and the competition prices, this really isnt relevant.
Shrekli is just a scapegoat. Hospitals have had outrageous prices on their chargemasters for years and no one was calling for their heads. The only reason Shrekli is being burned alive for this is because he drew too much attention to himself and he has other legal issues.
Yes, and many here are suggesting he is being scapegoated because of his price gouging...In reality his legal issue has NOTHING to do with that..unless his 5000% per price rise can be linked to his legal case against him..ala paying off his fraudulent actions in order to obtain this drug company .."Shell Game" so to speak..
It appears, he circumvented the rules..and as you said..By increasing that drug brought attention to himself. While he wants to claim this increase revenue will go into research..Why would anybody actually believe that? Digging deeper rule breaking was found!! Too bad Young man
Gaining control of patented drug ( which is a rather small usage demand load) so as he realized..had no competition..thus gained control of the access to a very small group of folks..ONLY those with $ or Insurance could afford it!!
While I have not watched Gowdy's lead hearings..I tend to believe that it's totally based on Politics..make it seem like Pharma bought Congress gives a care!!
Federal investigators charged Shkreli with illegally taking stock from Retrophin Inc., another biotech firm he founded in 2011, to pay off debts from unrelated business dealings, reported Bloomberg.
Quote:
The lawsuit alleges that Shkreli used a series of “extra-legal maneuvers” to essentially turn Retrophin into his personal bank — and now the company seeks every bit of money he made off the company.
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