HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » OK, Evil DUers: What do w...

Mon Sep 21, 2015, 08:04 PM

OK, Evil DUers: What do we do about Martin Shkreli and Turing Pharmaceuticals?

I've calmed down enough that want to get serious about this? Let's put our thinking caps on.

The goal is to sink Turing and lighten Shkreli's pocketbook.

Can we get a Boycott and Divestment movement going? Are there other assets this bastard holds that can be targeted?

Ideas are welcome. If your going to suggest anything less than legal, at least have the courtesy to suggest something that would be consistent with the spirit of nonviolent civil disobedience.

77 replies, 7241 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 77 replies Author Time Post
Reply OK, Evil DUers: What do we do about Martin Shkreli and Turing Pharmaceuticals? (Original post)
Jack Rabbit Sep 2015 OP
dixiegrrrrl Sep 2015 #1
shenmue Sep 2015 #9
elehhhhna Sep 2015 #67
jeff47 Sep 2015 #2
Jack Rabbit Sep 2015 #5
jwirr Sep 2015 #77
LuvNewcastle Sep 2015 #3
Jack Rabbit Sep 2015 #6
GoneFishin Sep 2015 #4
LiberalArkie Sep 2015 #10
groundloop Sep 2015 #25
reformist2 Sep 2015 #41
Duppers Sep 2015 #63
LiberalArkie Sep 2015 #64
TubbersUK Sep 2015 #30
FuzzyRabbit Sep 2015 #50
BigDemVoter Sep 2015 #7
Jack Rabbit Sep 2015 #8
GoneFishin Sep 2015 #66
NBachers Sep 2015 #11
Jack Rabbit Sep 2015 #12
NBachers Sep 2015 #13
ancianita Sep 2015 #37
PasadenaTrudy Sep 2015 #15
Jesus Malverde Sep 2015 #13
Jack Rabbit Sep 2015 #21
840high Sep 2015 #22
blue neen Sep 2015 #16
Jack Rabbit Sep 2015 #18
blue neen Sep 2015 #27
Lancero Sep 2015 #19
groundloop Sep 2015 #26
blue neen Sep 2015 #29
salin Sep 2015 #31
blue neen Sep 2015 #34
Iggo Sep 2015 #17
Jack Rabbit Sep 2015 #24
blue neen Sep 2015 #40
MohRokTah Sep 2015 #20
Jack Rabbit Sep 2015 #23
Chan790 Sep 2015 #33
MannyGoldstein Sep 2015 #45
abelenkpe Sep 2015 #28
Jack Rabbit Sep 2015 #32
Chan790 Sep 2015 #35
Ms. Toad Sep 2015 #57
elehhhhna Sep 2015 #68
Ms. Toad Sep 2015 #72
ancianita Sep 2015 #36
salin Sep 2015 #38
Ms. Toad Sep 2015 #58
mopinko Sep 2015 #39
Ms. Toad Sep 2015 #59
elehhhhna Sep 2015 #69
Ms. Toad Sep 2015 #74
mopinko Sep 2015 #70
Ms. Toad Sep 2015 #73
TubbersUK Sep 2015 #42
MannyGoldstein Sep 2015 #43
Jack Rabbit Sep 2015 #44
FuzzyRabbit Sep 2015 #53
TygrBright Sep 2015 #46
oldandhappy Sep 2015 #47
1000words Sep 2015 #48
Jack Rabbit Sep 2015 #49
drm604 Sep 2015 #51
Jack Rabbit Sep 2015 #55
drm604 Sep 2015 #56
Jack Rabbit Sep 2015 #60
drm604 Sep 2015 #75
JI7 Sep 2015 #52
Ed Suspicious Sep 2015 #54
Sen. Walter Sobchak Sep 2015 #61
eridani Sep 2015 #62
LiberalElite Sep 2015 #65
mopinko Sep 2015 #71
mitty14u2 Sep 2015 #76

Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 08:12 PM

1. I see lawsuits in the very near future.

And I see other greedy guys trying to grab as many cheap generic drugs as they can.

The one positive thing was this guy was so brazenly and publicly cold blooded greedy.
gonna piss off a whole bunch of people, and perhaps the long over due rapacious cost of medicine to a head.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to dixiegrrrrl (Reply #1)

Mon Sep 21, 2015, 08:47 PM

9. Yes

Sue the shit out of this guy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to shenmue (Reply #9)

Tue Sep 22, 2015, 06:41 AM

67. Antitrust law may apply

 

Remember antitrust law enforcement? I do.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 08:15 PM

2. Elect someone who would actually go after people like him

instead of a quick soundbite followed by "well, the Republicans wouldn't do it".

Reply to this post

Back to top Alert abuse Link here Permalink


Response to jeff47 (Reply #2)

Mon Sep 21, 2015, 08:24 PM

5. Agreed, and it goes without saying

Don't vote for anybody of any party who would make another Eric Holder Attorney General.

That's the easy part.

Nevertheless, we cannot afford to take no action ourselves. We cannot just vote for a candidate who will fix everything and just expect him to do it while we watch American Idol. I hope we've learned something in that last six and a half years.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Reply #5)

Tue Sep 22, 2015, 12:06 PM

77. In fact we are part of a movement to stop this kind of stuff.

We need to find something we can act together on. I don't think we can sue as a class action suit but it we still can maybe we need to make this about more than this one case. Stop all buyouts of generic drugs. Treat them as community property - the commons.

I don't know if any of this will work but we need to start somewhere.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 08:21 PM

3. If I needed that drug, I would probably

be looking online for an Indian company that makes it. If there isn't one already making it, maybe we could get together and invest in a company that would.

That's what's so scary about the TPP. It will be much harder to keep from getting raped by greedy pharmaceutical companies. A lot of our energy should be spent on lobbying Congress to stop that agreement. If enough of us continue to raise hell, I suspect there will suddenly be a magical solution to make this drug affordable. Of course, we'll have to fight more battles in the future for other over-priced drugs.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LuvNewcastle (Reply #3)

Mon Sep 21, 2015, 08:30 PM

6. Thank you for bringing up that TPP

Yes, the whole idea is to make an end run around democratic government. Whatever we do to Shkerli could be thought of as a dress rehearsal for what we can do to any corporate exec who even talks out loud about going to an ISDS to invalidate regulations or law promoting health, safety and human rights,

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 08:23 PM

4. For $750 dollars a pill can people spend the money to travel to Cuba (for example) for

cheaper alternatives?

At that price there must be cheaper routes to get medication even if it involves frequent trips across borders.

Reply to this post

Back to top Alert abuse Link here Permalink



Response to LiberalArkie (Reply #10)

Mon Sep 21, 2015, 10:21 PM

25. hmmmmm......

They say a prescription is required but just of of curiosity I went all the way to the checkout page with no hassles. Kind of sounds like when I buy pet meds from overseas.

On further reflection, how about forming an 'Occupy Big Pharma' group that imports inexpensive medicine from Europe or Canada and distributes it to people who truly cannot afford it at cost?


Reply to this post

Back to top Alert abuse Link here Permalink


Response to groundloop (Reply #25)

Mon Sep 21, 2015, 10:48 PM

41. It's sad that buying medicine for sick people has become an act of civil disobedience.


You start to wonder, when will we the people ever wake up? Or are we going to let them steal every penny we have?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to groundloop (Reply #25)

Tue Sep 22, 2015, 03:07 AM

63. DU Buyers Club?

I like it!

But Occupy Big Pharma would be better as everyone could be included. Seriously good idea. Leave it to the feds to object though.

You saw the movie, right?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to groundloop (Reply #25)

Tue Sep 22, 2015, 05:30 AM

64. Technically is against the FDA rules as "They have not been approved for use in the USA".

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LiberalArkie (Reply #10)

Mon Sep 21, 2015, 10:32 PM

30. Found it for 54 pence ( 84 cents ?) per tab here

Reply to this post

Back to top Alert abuse Link here Permalink


Response to GoneFishin (Reply #4)

Mon Sep 21, 2015, 11:23 PM

50. ". . . frequent trips across borders."

Good idea for the short term.

I have a friend who vacations in Mexico every year. While there he sees his dentist for about a third of what it costs in the US. I would probably vacation in Canada (a 3 hour drive away) and see a doctor there if a medicine was too expensive here.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 08:40 PM

7. Does this not fall under racketeering or something similar?

Not sure. . . . This would take quite a bit of investigation to prove it, but I bet something that smells like shit is going on somewhere. . .

"Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include extortion, money laundering, loan sharking, obstruction of justice and bribery."

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BigDemVoter (Reply #7)

Mon Sep 21, 2015, 08:45 PM

8. It should, but nowadays it's all perfectly legal

Which goes to show that Emile Zola was right when he said The law is an ass.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BigDemVoter (Reply #7)

Tue Sep 22, 2015, 06:32 AM

66. "Your money or your life". This guy isn't carrying a baseball bat or a knife, but I don't see much

difference other than that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 09:30 PM

11. How can we make it higher on Anonymous' radar?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NBachers (Reply #11)

Mon Sep 21, 2015, 09:36 PM

12. Perhaps you just did

I think this guy should be a higher priority for them than trophy hunters, although I won't disapprove of whatever they do any of them.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Reply #12)

Mon Sep 21, 2015, 09:45 PM

13. I guess a little more Anonymous saturation couldn't hurt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NBachers (Reply #13)

Mon Sep 21, 2015, 10:44 PM

37. I like this. In response to the pressure, of course, Big Pharma Money would go after them.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NBachers (Reply #11)

Mon Sep 21, 2015, 09:50 PM

15. This is

all over twitter and Facebook now, so that's a start.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 09:45 PM

13. Why do you blame Shkreli?

The problem is a government created crisis.

Let the consumer import medicines from canada, europe and asia. You'll stop this nonsense in a minute.

It's the government, through the regulatory and enforcement agencies that have created this problem.

Go import a competitor/generic to this drug and see who the enforcers of this madness are, hint it's not turing pharma.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jesus Malverde (Reply #13)

Mon Sep 21, 2015, 10:11 PM

21. The government did a lot to create this problem, you're right.

The government laid clear a way to an opportunity and Mr. Shkreli took it.

However, I'm a personal responsibility kinda guy, Therefore, I am holding Mr. Shkreli personally responsible for his own sociopathology.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jesus Malverde (Reply #13)

Mon Sep 21, 2015, 10:12 PM

22. ...+1

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 09:53 PM

16. I didn't see any news today...

a little background on what this is about, please? Thanks.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to blue neen (Reply #16)

Mon Sep 21, 2015, 10:06 PM

18. You ask/I provide

Please click here.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Reply #18)

Mon Sep 21, 2015, 10:25 PM

27. Well, isn't Mr. Shkreli a special little scumbag?

This part of the original article is priceless:

"Martin Shkreli, the founder and chief executive of Turing, said that the drug is so rarely used that the impact on the health system would be minuscule and that Turing would use the money it earns to develop better treatments for toxoplasmosis, with fewer side effects."

“This isn’t the greedy drug company trying to gouge patients, it is us trying to stay in business,” Mr. Shkreli said. He said that many patients use the drug for far less than a year and that the price was now more in line with those of other drugs for rare diseases."

“This is still one of the smallest pharmaceutical products in the world,” he said. “It really doesn’t make sense to get any criticism for this.”

"This is not the first time the 32-year-old Mr. Shkreli, who has a reputation for both brilliance and brashness, has been the center of controversy. He started MSMB Capital, a hedge fund company, in his 20s and drew attention for urging the Food and Drug Administration not to approve certain drugs made by companies whose stock he was shorting."

http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html

This is criminal behavior. At least it ought to be...

Thanks for the link.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to blue neen (Reply #16)

Mon Sep 21, 2015, 10:07 PM

19. Investor buys ownership of a drug, promptly raises it from $13.50 a pill to $700 a pill.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Lancero (Reply #19)

Mon Sep 21, 2015, 10:23 PM

26. Of course $13.50 is already highway robbery... it was $1 just a few years ago

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Lancero (Reply #19)

Mon Sep 21, 2015, 10:28 PM

29. What Shkreli has done is deplorable.

Like any typical sociopath, though, he acts like he is doing everyone a huge favor.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to blue neen (Reply #16)

Mon Sep 21, 2015, 10:33 PM

31. the typical course of medication was 1350, overnight increased to over 76,000.

Most healthy people don't earn 76K per year. Meanwhile the same medicine costs under $2.00 in other countries meaning the full course would cost $200 - and the US lower price of $1350 was already deeply inflated.

Now compare $200 to $76,000. UK and Canadian costs compared to new US costs.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to salin (Reply #31)

Mon Sep 21, 2015, 10:35 PM

34. ...and the next thing you know, the insurance companies will refuse to pay for it.

This means, of course, that people will die because of this s.o.b.'s greed. Horrible.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 09:55 PM

17. I imagine his karma will catch up to him.

I don't plan to do anything other than expend a little shodden-fruity.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Iggo (Reply #17)

Mon Sep 21, 2015, 10:15 PM

24. How about this?

Let's be the agent of his karma. There's nothing that says we can't be.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Reply #24)

Mon Sep 21, 2015, 10:47 PM

40. Well, Mr. Shkreli says he'd use the profits to develop better treatments for toxoplasmosis.

Enormous amounts of cat shit would probably be very helpful in the research...too bad the kitty cats of the world can't unite to help him in his endeavor.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:08 PM

20. Time for a major invetigation by the FDA.

 

I'm thinking many fines and a major realignment in how this asshole does business.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MohRokTah (Reply #20)

Mon Sep 21, 2015, 10:13 PM

23. My bet is he didn't do anything illegal.

Perhaps that needs to change.

Meanwhile, it's up to us to hold his feet to the fire.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MohRokTah (Reply #20)

Mon Sep 21, 2015, 10:35 PM

33. FDA has already said they're powerless to stop him...

 

also, this is the second time he's tried something like this...he got fired as CEO of Retrophin, his previous company, for trying to do something similar last year with Thiola, a drug used to treat cystinuria, an incurable kidney disease. That company sued him for $65M for misuse of company funds.

Also, he's apparently in the habit of stalking former employees he feuded with, online bullying their children and making lewd comments to their wives.

This DB article does a particularly-great job of demonstrating the precise asshole that he is.

http://www.thedailybeast.com/articles/2015/09/21/martin-shkreli-is-big-pharma-s-biggest-asshole.html?via=desktop&source=facebook

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MohRokTah (Reply #20)

Mon Sep 21, 2015, 10:57 PM

45. FDA only cares about safety and efficacy

 

Pricing might be FTC?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:27 PM

28. Could the gov nationalize his

Business and provide the medication at the old price?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to abelenkpe (Reply #28)

Mon Sep 21, 2015, 10:34 PM

32. Not without a big court fight

Given the present make up of the Supreme Court, with five corporate shysters holding all the cards, we're sure to lose.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to abelenkpe (Reply #28)

Mon Sep 21, 2015, 10:41 PM

35. No, but they could recind his distribution exclusivity or ease requirements for generics.

 

Either would cost him millions and probably bankrupt Turing as he borrowed the money to fund the purchase. If the FDA destroys demand, he won't be able to generate sufficient revenues to service his debt.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Chan790 (Reply #35)

Tue Sep 22, 2015, 12:14 AM

57. He doesn't have exclusivity.

His company is just the only one with an FDA approved generic.

The cost of establishing that something else is equivalent (especially now that he has jacked the price up on the samples needed to prove it) is cost prohibitive for a low cost drug with a small market. Exactly what he's counting on - as soon as there is another generic equivalent at a reasonable cost, he will no longer be able to sell his product at $750 a pill.

I suspect he searched very carefully for a company with this kind of drug (one of a kind generic, the only effective treatment for a devastating disease that is rare) with the intent of doing just what he has done.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ms. Toad (Reply #57)

Tue Sep 22, 2015, 06:55 AM

68. Toxo is not rare

 

New science says it's much more common than thought and may cAuse depression and anxiety ...
http://www.ncbi.nlm.nih.gov/pubmed/25185399

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elehhhhna (Reply #68)

Tue Sep 22, 2015, 07:42 AM

72. symptomatic infection, requiring treatment is rare.

But you're right - its presence is common. That's why pregnant women are encouraged not to clean the catbox - it is a common parasite that is considered harmless (and not diagnosed) except in pregnant women and people whose immune systems are compromised.

If asymptomatic toxoplasmosis was diagnosed and treated universally - and not just in the people with the commonly recognized symptoms, this jerk would not be able to get away with what he is doing because it would be profitable for many entities to make the drug.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:43 PM

36. This takes some international fact finding.

A number of American chartered pharmaceuticals overprice Americans so they can sell it at a low competitive price in socialist countries. I know. I saw lower priced American products last fall.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:44 PM

38. Make this the poster child example ...

why we need to change our patent laws - OR - if we (our govt) is too weak to stand up to such abuse (the same course [to cure] of medicine, from my reading, would cost under $200 in the UK and Canada, but prior to the hike would cost around $1350 (same medicine) in the US - and NOW will cost more than $75,000 in the US) to get rid of the ban on drug importation. And to disabuse the idea that the US has the best heal care in the world.

Compare $200 for a full course (Canada & UK) of treatment to $75,000 (US). Yea US citizens - bankruptcy for anyone outside of the top 20+% who get a parasitic illness that could be cured by this drug. Who would not be bankrupted for the same illness in many other developed countries. Aren't we privileged to be required to pay more than $74,000 than people in the UK or Canada.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to salin (Reply #38)

Tue Sep 22, 2015, 12:17 AM

58. This has NOTHING to do with patent laws.

He carefully selected a drug that had no equivalent, with a small but desperate population, waited until he had control of it and had changed the distribution model to exponentially boost the price.

While there are no laws prohibiting another company from coming up with another generic, it is now cost prohibitive to purchase the samples they need to prove the equivalence (a necessary step before licensing it) since he controls the market of sample pills.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:45 PM

39. he gave the patent back to the non-profit he bought it from, marketplace npr

heard it in the car today. guessin he will think a little harder the next time. unfortunately, he will probably only think about how to be sneakier.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mopinko (Reply #39)

Tue Sep 22, 2015, 12:25 AM

59. Someone doesn't understand patents...

The patent on daraprim, a 60 year old drug, has to have expired decades ago. Patents are only valid for around 20 years, and cannot be extended.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ms. Toad (Reply #59)

Tue Sep 22, 2015, 06:57 AM

69. Aren't patent public?

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to elehhhhna (Reply #69)

Tue Sep 22, 2015, 08:15 AM

74. Yes -

I did a quick search last night and didn't find it - there are lots of patents which include the main ingredient - and patents issued prior to 1975 (as this one probably was) are less easily text-searchable. The earliest easily locatable patent (1989) for a drug to replace Pyrimethamine for treating toxoplasmosis discusses it as the treatment standard , so the patent (assuming one exists) was issued prior to 1989. If you want to search, you can search google patents, or at http://www.uspto.gov/patents-application-process/search-patents

I didn't spend a lot of time, since any patent on a 60 year old drug expired years ago - but if it had been easy to find I would have dumped it in the thread.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ms. Toad (Reply #59)

Tue Sep 22, 2015, 07:26 AM

70. just repeating what was said on marketplace.

eta, in that case i dont get what the problem is.
if it isnt under any kind of patent, then how could this one guy, who isnt even a manufacturer, affect the price?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mopinko (Reply #70)

Tue Sep 22, 2015, 07:53 AM

73. I know - it was the sources reporting it I was commenting on.

I'm less familiar with the FDA approval process, and how those rights are transferred. But drugs aren't like other products that were originally subject to patents. In that case, once the patent expires everyone is free to manufacture it. And another entity could manufacture the drug now - the problem is that before you can market it you have to go through rigorous testing by the FDA to prove it is chemical composition and bioavailability have to be equivalent - which require comparison samples - which are now an additional exhorbitant cost.

So as long as you control the only FDA approval, you can charge whatever you want. You can't prevent competitors from the market - but the process of obtaining approval does unless the drug is ultimately profitable. Which is why he chose a drug which is desperately needed (people will buy the drug/insurance companies will pay for it) - but for which there is a very limited market (few cases a year mean it isn't worth it for a new company to go through the process of obtaining FDA approval).

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:50 PM

42. The more I read the worse it gets

According to Wikipedia it's an 'essential medicine' :

"It is on the World Health Organization's List of Essential Medicines, the most important medications needed in a basic health system."

Institutional Customers can only obtain it from the Daraprim Direct program (or Walgreens Specialty for patient purchase)

"In the U.S. as of 2015, with the acquisition of Daraprim tablets by Turing Pharmaceuticals,[13] pyrimethamine has become a single-source and specialty pharmacy item, and the cost of pyrimethamine has increased.[14] The cost of a monthly course for a person on 75 mg rose to about $75,000/month, from $13/tablet to $833/tablet,[15] or $750 per tablet per a New York Times report from September 2015.[16] Outpatients can no longer obtain pyrimethamine from their community pharmacy, but only through a single dispensing pharmacy, Walgreens Specialty Pharmacy, and institutions can no longer order from their general wholesaler, but have to set up an account with the Daraprim Direct program"

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 10:50 PM

43. Turing has several drugs in clinical trials

 

Find out which docs are participating in these trials, then picket those docs' places of work, handing leaflets to patients. The docs will go nuts and might well withdraw, which would be a disaster for Turing.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MannyGoldstein (Reply #43)

Mon Sep 21, 2015, 10:52 PM

44. Thank you, Manny

You're one of the best troopers at DU.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MannyGoldstein (Reply #43)

Mon Sep 21, 2015, 11:31 PM

53. How about contacting Turing and let them know how we feel about them?

Turing Pharmaceuticals LLC
1177 Avenue of the Americas, 39th Floor
New York, NY 10036
Tel: 1.646.356.5577

For media inquiries, contact:
Alan Ripp
aripp@rippmedia.com

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 11:00 PM

46. I think we can safely leave them to Anonymous. They've drawn the target on themselves. n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 11:13 PM

47. I have already sent an email to the company.

We need to flood the company with email. Please join me. All I said was, 'Well, you sure got noticed.' They know.

We need to ask a friendly doctor or three if there are alternative treatments.

We need to find a way to let patients know of alternative treatments in order to get the money out of Shkrili's pocket. Are there support groups for these patients?

Some of you mentioned sites for international ordering. We need to distribute that info. Excellent. Love the idea of setting up distribution of the cheaper meds, but that will get complicated. Better to provide information to each patient to do their own ordering.

Something on YouTube??

I have tried to interest professional dental groups on some issues faced by older folk with fragile mouth tissues. No response, so am inclined to ignore the professional medical groups.

I wonder if someone knows how to do that White House thing where you set up a petition and get 100,000 signatures and then the WH has to look at the situation?

Guess that is it for me tonight. Will be watching to see if I can support any group efforts.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)


Response to 1000words (Reply #48)

Mon Sep 21, 2015, 11:23 PM

49. Fair enough: attacking one example of overweening corporate greed may be "addressing a symptom"

So tell me, Dr. Words, what is your diagnosis of the disease?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 11:25 PM

51. How can you boycott necessary medications?

People can't boycott lifesaving drugs. That's the problem here. People NEED what he's selling so he figures he can charge anything he wants and get it.

So there seem to be two approaches here. One, the ideal, would be regulation. That may be difficult given the current state of our government (Republican intransigence on pretty much everything). The other is simply for people who act like this to face massive public disapproval. This kind of behavior needs to become shameful and unacceptable.

Make people who act like this pariahs: Child beaters, pedophiles, rapists, and medicine price gougers.

Currently, this guy's name and face are all over Facebook and everywhere else. He's facing massive public shaming and pressure. I'm hoping that we'll see a change in the pricing of this drug in the near future.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to drm604 (Reply #51)

Mon Sep 21, 2015, 11:37 PM

55. Good point

From what I've read about Martin Shkreli today, assuming he backs down on this, I wouldn't trust him not to be back with something just as outrageous, just as socially harmful and just as profitable to him as this scheme next week.

What we have in Mr. Shkreli is greedy, brash sociopath, a younger version of Donald Trump who can't be trusted with the power his ability to make money brings.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Reply #55)

Mon Sep 21, 2015, 11:55 PM

56. Well, that's the problem.

He may back down on this and then, when the public and the media move onto the next big thing, he'll go right back to the same behavior, except possibly in smaller and less visible ways. I suppose that what we can hope for is that the next group of people he hurts will also be vocal and that he'll again come to the attention of the public.

I don't know if people like him can feel shame, but public shaming can have real personal and business consequences beyond just emotional.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to drm604 (Reply #56)

Tue Sep 22, 2015, 12:56 AM

60. If push came to shove, Shkreli can shoot the hostage or make it look like we, his opponents, shoot

Which I think is what you're worried about. To my thinking (maybe I play too much chess), people are going to die either way, either because the medication is not available or because it costs more than most people who need it can afford. Therefore, I would put the screws to Shrkreli with the goal of making him give up control of the drug so that it could then be marketed at a reasonable price. The "free market" solution, in which Mr. Shkreli retains control of the drug and sells it at a price that he names, would simply be an unacceptable outcome to anyone except an individual who had his mind warped reading Atlas Shrugged in high school.

We won't be saving any lives by giving in, but lives will be lost. Personally, I would feel a great deal of guilt, but it's still better than doing nothing.

Our man said at Liberty University last week that this sort of thing is a moral issue. I agree with him. Dr. King would said it is a moral issue, and I would have agreed with him, too.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Reply #60)

Tue Sep 22, 2015, 09:03 AM

75. As I was reading your response a report on this came on MSNBC.

And Hillary Clinton has spoken out on this. Hopefully network news and mass media in general will pick up on this.

They showed clips of Shkreli being interviewed. He was quite smug when asked if he will change his mind about the price increase. His response was a calm unemotional "no". He's seems convinced that he's doing the right thing. Now we'll see how he holds up to the public scrutiny and pressure.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 11:27 PM

52. i don't know but there should be public shaming like with that Dentist who killed the Lion

since it's medication it's not something people can easily boycott .

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Mon Sep 21, 2015, 11:36 PM

54. Give him a Bern notice and have Ms. Warren crawl up his butt for a while.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Tue Sep 22, 2015, 01:35 AM

61. Just be patient...

 

This guy looks like he has a high probability of dying from blood loss in an alley behind a nightclub while collecting his teeth from the urine soaked pavement.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Tue Sep 22, 2015, 01:54 AM

62. Typical parasitic rent seeker

The Price of Inequality
By Joseph E. Stiglitz
http://books.wwnorton.com/books/detail.aspx?id=4294967848

The term “rent” was originally used to describe the returns to land, since the owner of the land receives these payments by virtue of his ownership and not because of anything he does. This stands in contrast to the situation of workers, for example, whose wages are compensation for the effort they provide. The term “rent” then was extended to include monopoly profits, or monopoly rents, the income that one receives simply from the control of a monopoly. Eventually the term was expanded still further to include the returns on similar ownership claims.

Not all rent seeking uses government to extract money from ordinary citizens. The private sector can excel on its own, extracting rents from the public, for instance, through monopolistic practices and exploiting those who are less informed and educated, exemplified by the banks’ predatory lending. CEOs can use their control of the corporation to garner for themselves a larger fraction of the firms’ revenues. Here, though, the government too plays a role, by not doing what it should: by not stopping these activities, by not making them illegal, or by not enforcing laws that exist.


Comment by Don McCanne of PNHP: The pharmaceutical industry has run amok, and we are all suffering as a result. We are paying higher taxes and higher insurance premiums to create “rents” for the likes of Martin Shkreli. (You’ll understand what this means if you simply read the excerpts above.)

We should all be outraged, not only with the barons in the pharmaceutical industry, but even more with our own government, which, as Joseph Stiglitz tells us, is “not doing what it should.”

One of our candidates for president says that he “can't do it alone. We have got to do it together through a strong grassroots movement. We have got to think big.”

Start thinking big.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Tue Sep 22, 2015, 05:55 AM

65. It's not just Shkreli and Turing -

Same thing has happened in CANADA - another fkg hedge fund and an old off-patent drug:

http://www.democraticunderground.com/10141213396


Source: CBC News | Health

Front-line tuberculosis doctors in Canada were recently sticker shocked that the price of an essential medication for drug-resistant TB went through the roof for no apparent reason.

Cycloserine is a critical drug used to treat a rare and dangerous form of multidrug-resistant tuberculosis.

Overnight in North America, cycloserine went from $15 US per pill to $360 US.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Tue Sep 22, 2015, 07:33 AM

71. btw, this is also a veterinary drug.

i am fb friend w a guy who rescues sick wild parrots in san fran. the telegraph hill parrots.
he says they use this drug, as there is a parasite endemic in that population that kills many of them.
they would be hit hard.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jack Rabbit (Original post)

Tue Sep 22, 2015, 11:57 AM

76. Monopoly Laws

U.S. law generally views monopolies as harmful because they obstruct the channels of free competition that determine the price and quality of products and services that are offered to the public. The owners of a monopoly have the power, as a group, to set prices, to exclude competitors, and to control the market in the relevant geographic area. U.S. antitrust laws prohibit monopolies and any other practices that unduly restrain competitive trade. These laws are based on the belief that equality of opportunity in the marketplace and the free interactions of competitive forces result in the best allocation of the economic resources of the nation. Moreover, it is assumed that competition enhances material progress in production and technology while preserving democratic, political, and social institutions.

http://legal-dictionary.thefreedictionary.com/monopoly

Big Business has been snubbing there nose at Monopoly laws like Anti Trust laws as hollow words not meant for those in big business like oil or Pharmaceuticals!

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread