greedy big pharma wannabe - Page 2

Look what other countries have available for cancer treatment, which is prohibited in the us...yes, big pharma has too much to lose curing cancer here.
Tax payers do fund research in the form of government grants...where do you think the government gets that money, from santiclaus?

Yes it's business, and profits are to be expected...but PRICE GOUGING that is happening by them to americans in the us is criminal...the same drugs are sold by them to other countries for a fraction of what they charge in the us. Canada, for example, has drugs for a fraction of what they cost here, and big pharma has gotten laws passed which make it illeagal for americans to buy the affordable drugs across the border in canada.

No different than hospitals, any business, any profit takers or gun makers. Big pharma does not have a corner on greed.

Greed the seed that ruins man.

Btw, my sons best friends dad was shot dead today. Just giving a heads up.

Shot, how??


Gouging, no such thing exists in a free market, absurd.

The research funded in public universities is not generally money for commercialisation and tech transfer.

Yes, hospitals in the us are price gouging Americans too, because insurance companies pay, and everybody pays the insurance companies...and big pharma's crime against Americans is very different than gun companies. Guns are very affordable...drugs which people need to stay alive are not. Not with the price GOUGING they are free to do because of the laws the drug companies have bought and paid for allow it.
So sorry about the friend's father getting shot. A guy in Colorado shot and killed his wife and four kids before setting the house on fire, then he shot himself...there are crazy people shooting other people all over the country. I'm sorry for those kids and their mother, too. If insurance companies would pay for psychiatric care in this country, those crazy guys could have gotten the help they needed.

 

Edit. The tragedy happened in South Dakota, not colorado.

So the gouging is perfectly legal business transaction, not sure if that qualifies as gouging.

You want yr free market above all else, you deal with it.

Vk, what 'public universities'? We don't have any.

What free market? Its all about monopolies and politicians, who make the laws, being bought and paid for and doing the drug companies' bidding. There is zero regulation on any thing the drug co do in regards to monopolies which are conducive to greedy price gouging. Deregulation in the eighties ( off the top of my head, i think it was the eighties) maked the end of free market/capitalism where monopolies didnt exist.
But if/when bernie sanders becomes potus, that will ALL come to a skreetching halt.

The puke, shkreli, claims he couldn't make money at the original price, SO WHY BUY THE COMPANY for 55 million. Because he bought total control of the drug ( monopoly) and intended to make billions off gravely ill people. Now the public out rage has made the little slime ball back down and he just announced he is going to back the price down to 'less profit'....because what he did is called Price Gouging.

This is update.http://www.nbcnews.com/news/us-news/drug-ceo-will-lower-price-daraprim-after-outrage-n431926

The pharmaceutical company boss under fire for increasing the price of the drug Daraprim by more than 5,000 percent said Tuesday he will lower the cost of the life-saving medication.

Martin Shkreli did not say what the new price would be, but expected a determination to be made over the next few weeks.

He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.


Martin Shkreli, chief investment officer of MSMB Capital Management, sits for a photograph in his office in New York, U.S., on Wednesday, Aug. 10, 2011. MSMB made an unsolicited $378 million takeover bid for Amag Pharmaceuticals Inc. and said it will fire the drugmaker's top management if successful. Paul Taggart / Bloomberg via Getty Images file
"Yes it is absolutely a reaction — 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," Shkreli said, 32.

Turing Pharmaceuticals of New York bought the drug from Impax Laboratories in August for $55 million and raised the price. Shkreli said Tuesday the price would be lowered to allow the company to break even or make a smaller profit.

Vk, it is Not free market...it is fkd up deregulation allowing monopolies to happen....monopolies are conducive to Price Gouging, which is why capitolism Must have regulation to prevent immoral scum bags from doing this very thing. It was a greedy pres who deregulated so much in this country that the country went into a free fall tailspin during the bailouts of the banks, fanny Mae Freddy Mac, auto industry, housing....Deregulation and functioning capitalism cannot coexist. Rigging the market/price gouging are the result....being legal does not equal being moral. We are dealing with the little fkr's attitude and greed.....nobody is accepting it....except You, it seems.

If I make a product that costs me 20 to make and you are willing to pay1000 for it, I call that capitalism.