Price Gouging Drug CEO Is The Donald Trump Of The Pharmaceutical Industry

[GoLeft TV]

Martin Shkreli, the 32-year-old CEO of Turing Pharmaceuticals, has steered his company into some controversy this week when it was revealed that they would be raising the price of the drug Daraprim from $13.50 to $750, a near 5000% increase in price. Greed in the pharmaceutical industry is nothing new, but with this story, it is hitting the media like it never has before.

Ring of Fire’s Sam Seder and Farron Cousins discuss this.

[rusty quoin]

1. Just like Trump except for the Eminem part

His tweets can be broken down into three sometimes overlapping main categories: (1) Tweets about how rich he is, (2) Tweets in which he compares himself to rapper Eminem and rap group Wu-Tang Clan and describes his critics as jealous haters who shouldn’t f*** with him, (3) Retweets of other people’s tweets which praise him and attack his critics. Let’s take a look, shall we?

http://www.rawstory.com/2015/09/these-37-tweets-show-how-the-pharma-ceo-gouging-aids-patients-is-even-worse-than-you-think/

[appalachiablue]

2. Narcissist psychopath tosser.

[rusty quoin]

12. Trump you mean? Oh it's hard to tell the difference.

[appalachiablue]

13. This one is a real serious anti social case who lacks even the rudiments of superficial 'charm',

and 'personable' qualities that business people like Trumpf can exhibit at times. The personality disorder obviously comes in different varieties although certain traits are consistent like selfishness, inability to empathize with others, feelings of grandiosity and power and the desire to be admired. Try to stay away and run for your life if you encounter one especially a psychopath type.

[rusty quoin]

14. You are right about, "run for your life."

It has been a late interest of mine, trying to understand the psychopath. I wish that I had started earlier. It should be taught in schools, (early education) because most people would not even imagine how they think and realize how destructive they are.

One thing I will always remember now is how they think we are prey and they are the predators. They don't belong in proper society.

[appalachiablue]

16. I share your views and agree that the condition should be more widely understood

as early as childhood. They are predators and opportunists first class and the damage they wreak can mess up a person for years. Until the last few years I never saw much attention to narcissist and psychopath personality disorders which would have been tremendously helpful rather than learning from experience.
In the past the term psychopath was mostly limited to sadistic torturers and killers I think which eludes a far greater number of these destructive individuals walking around undetected in everyday life.

[Old Crow]

17. A true sociopath.

If you haven't seen them already, Google the letters and Facebook messages this guy sent the wife and children of a former colleague of his with whom he had a financial disagreement. He goes on at great length describing her "poor excuse of a husband" and how he will "stop at nothing" to see that she and the children lose their house and are destitute. He even used social media to contact the man's elderly father and rant at length about what a despicable human being his son was.

I was repulsed by his behavior in the interviews and thought he was a sociopath. After reading the letters and Facebook postings, I'm certain of it.

[appalachiablue]

22. That sounds exactly right for dead-eye Martin. More needs to be researched and taught

about these people with scary, anti social personality disorders. They're working in banks, businesses and corps making major decisions affecting people, counties and the world.

Sales and business are a couple main fields that narcissists and psychopaths go into, for reason. CONS, cut throat, lacking empathy, often highly intelligent and personable which are necessary for being successful liars and more.

They're predators and destroyers, not creators for certain.

-Gordon 'greed is good' Gekko portrayed by Michael Douglas in Oliver Stone's 1987 film, "Wall Street", aka The Warning about the REAGAN 80s. Stone knew, son of a Wall Street stockbroker.

[passiveporcupine]

3. It's not the first time he's done it either.

I hope it bites him in the ass, very hard.

[forest444]

4. The very image of the sociopath - and almost certainly a money laundering front.

An enemy of the nation, and humanity.

[passiveporcupine]

5. So, it bit him in the ass and he's not totally invulnerable

Turing Pharmaceuticals CEO Martin Shkreli said on Tuesday that he would not go through with his plan to raise the price of the anti-cancer drug Daraprim to $750 per pill, NBC News reported.

“It is absolutely a reaction,” Shkreli said of the circumstances behind the decision. “There were mistakes made with respect to helping people understand why we took this action. I think that it makes sense to lower the price in response to the anger that was felt by people.”

...

According to NBC, the drug will return to its former price within the next few weeks. The “self-trained biologist,” as Shkreli described himself, had also said that the increase was necessary for the company to even be mildly profitable, arguing that the money raised would go toward developing similar drugs with fewer side effects.

“It’s very easy to see a large drug price increase and say ‘Gosh those people must be gouging,'” he said. “But when you find out the company is not making any money, what does that mean? It’s very hard stuff to understand.”

http://www.rawstory.com/2015/09/pharma-bro-backs-down-martin-shkreli-will-roll-back-outrageous-daraprim-price-gouge/

I thought the company he bought it from was making 5 million or 5 billion a year. What does he mean it wasn't making a profit?

[appalachiablue]

6. Now on MSNBC Chris Hayes says he's changed due to the pol climate, etc. Bernie's

coming on NOW to talk about high US drug prices, an issue he's been on top of for years.

[passiveporcupine]

7. I wish I could see it live

I'll have to wait till later tonight or tomorrow to watch it on-line.

Yeah, right..it's because of the political climate.

You should see what they are saying about him on reddit...and I don't do facebook or twitter or any social media like that but he's getting pounded! Thank dog for social media.

[appalachiablue]

8. It will post here for sure. The young corp creep was really something about his backtrack as

you'll see. He deserves everything said about him and more from what I saw! Bernie was super on the need and ways to lower US drug prices, via Medicare Part D mainly I think, like the rest of the advanced world! despite Big Pharma's power and claims that no 'the market will regulate cost' (not govt.) which Chris brought up.

As you may know, Bernie has been involved with this issue for years like taking VT cancer patients (esp. breast cancer) and others to buy meds in Canada for 1/10th the US cost since 1999, as he brought up tonight. Very good discussion.

[passiveporcupine]

9. Thanks, I look forward to your post

[appalachiablue]

10. If you want more on him now, there's an OP in LBN by Hissyspit with more details about

the monster's 'reversal' to an unknown price today. (Can't do links now, sorry).

[appalachiablue]

20. The interview with Bernie & Chris Hayes last night is in the Video/MM Section (not on Front Page),

I just posted it. There's one by Cali4 in Greatest Threads too. Enjoy Bernie and more of this little corporate raider effer!

[passiveporcupine]

21. Thanks so much.

I'm off to the vet right now but I'll watch it when I get back.

[RoccoR5955]

11. Karma is a bitch.

And his is ALL bad!

[zebonaut]

15. Any other civilized nation would throw this cocksucker sleazebucket into hardtime Jail.

[Enthusiast]

19. +1! The plan is to extend this way of doing business to those civilized nations through

the trade deal mechanism. Won't that be a wonderful development.

[Enthusiast]

18. Kicked and recommended for maximum exposure.

I do not like greedy pigs.