Ah, so the patients are the problem. Not a hedge fund guy buying a drug and jacking up the price 5000%. Yep, you aren't duped at all, it's pretty convincing.
Pharma hasn't duped me into anything. I don't take prescription drugs and never have. Maybe that is the big problem in society; believing that you need some sort of drugs to survive?
I get your point, but our patent system is a little out of whack. They have 50 years to jew you on the price of a drug before competition can swoop in.
What if they made the patent (specifically for drugs) be good for only, say, 5 years. That is 5 years you can milk your profits dry on helpless people. After that, generics can swoop in and take a piece.
What does that do? It gives drive to keep being within those 5 year intervals (hence, R&D for the next drug). When you have a 50 year patent, you can milk that teet dry, and when those 50 years are up pay generic companies a few hundred mill to keep their generic equivalent from coming out for another 20 years.
No way in hell is the government going to go after the patients legally. It would be horrible PR for them, especially when the US manufacturer is actively ripping off sick people. No jury would convict a dying person just trying not to get ripped off. But even if they did in some bizarre scenario, it's not a controlled substance, so it would be a slap on the wrist.
So the worst that will happen is it will get seized at customs with near zero probability, if ordered for personal use. But 50x cost differential is more than enough to offset that risk. Not telling anyone what to do or not to do, but math is math. And don't tell me it would be "theft" or whatever bullshit you fell for.
The patients? No. The doctors? Maybe.Ah, so the patients are the problem. Not a hedge fund guy buying a drug and jacking up the price 5000%. Yep, you aren't duped at all, it's pretty convincing.
Well I dunno about compassionate government officials...I mean you can get mandatory prison time just fishing off the coast and you happen to bring a lobster that's 1/4 of an inch too short. The federal register is like 500,000 pages long and you'd be surprised how serious government prosecutors could care less about the moral implications of their actions.
The patients? No. The doctors? Maybe.
I get your point, but our patent system is a little out of whack. They have 50 years to *** you on the price of a drug before competition can swoop in.
What if they made the patent (specifically for drugs) be good for only, say, 5 years. That is 5 years you can milk your profits dry on helpless people. After that, generics can swoop in and take a piece.
What does that do? It gives drive to keep being within those 5 year intervals (hence, R&D for the next drug). When you have a 50 year patent, you can milk that teet dry, and when those 50 years are up pay generic companies a few hundred mill to keep their generic equivalent from coming out for another 20 years.
ThisInteresting choice of words you use there. Care to explain?
Here is the CEO of the pharma company for public shaming:
https://en.wikipedia.org/wiki/Martin_Shkreli
Basically a hedge fund guy who set up a pharma company to buy this drug and jack up the price. Everything that's wrong with America encapsulated perfectly in one douchebag who looks like Dracula:
Interesting choice of words you use there. Care to explain?
Sure, I had this crazy thing called a typo. I know. Crazy right?
Hey - next time you come around though, make sure to put on your siren.
https://youtu.be/Dit5s3Lntus?t=58s
Don't forget to do your SJW pledge song too!
https://www.youtube.com/watch?v=WDKYhkyL58Q
Sure, I had this crazy thing called a typo. I know. Crazy right?
Hey - next time you come around though, make sure to put on your siren.
https://youtu.be/Dit5s3Lntus?t=58s
Don't forget to do your SJW pledge song too!
https://www.youtube.com/watch?v=WDKYhkyL58Q
Well OP, here's a solution for you. If you think owning a drug company is such a slam dunk, do it yourself. You seem to believe that R&D is easy and getting a drug approved is a cakewalk, so there's nothing preventing you from doing it. Gather up a few scientists, invest a few billion into R&D and testing and if you're lucky in 10 short years maybe you'll have a competitor for Daraprim. Then you can sell it for whatever you like to prove how altruistic you are.
"Jew" is not a verb, and the usage is especially offensive in this context, as it implies that doing something as reprehensible as Martin Shkreli (the founder of the company which has followed this buy-and-jack-up-the-price-of-lifesaving-drugs "strategy" before) - a non-Jew - has done is somehow a "Jewish thing."I get your point, but our patent system is a little out of whack. They have 50 years to *** you on the price of a drug before competition can swoop in.
What if they made the patent (specifically for drugs) be good for only, say, 5 years. That is 5 years you can milk your profits dry on helpless people. After that, generics can swoop in and take a piece.
What does that do? It gives drive to keep being within those 5 year intervals (hence, R&D for the next drug). When you have a 50 year patent, you can milk that teet dry, and when those 50 years are up pay generic companies a few hundred mill to keep their generic equivalent from coming out for another 20 years.
The drug was released in 1953. It's widely availabile for pennies around the world. This is the case of a financier gaming the US drug system to rip off Americans, not some heroic R&D development. If you want to be a sucker and defend him, go ahead, but you are a sucker.
Show me on this doll where the rich person touched you.
If you object to the way this worked out then you fix the system, not the guy who learned how to use it legally to his advantage. The purpose of business is to make money. Without that there's no incentive to invest billions into developing a new drug that might never work or get approved.
The problem with all you 20/20 hindsight whiners is that you're long on complaints and completely lacking in practical ideas. Rather than kvetching about what happened, use your infinite wisdom and come up with a solution. How do you convince companies to go down the long, winding and incredibly expensive, risk-filled road from idea to development to approval without the pot of gold at the end of the rainbow?
He bought a drug developed in 1953, and jacked up the price on it 50 fold. That is all. All this other stuff you are spewing about risk filled roads from idea to development is just big pharma propaganda used to justify ripping off Americans.
i see the pc police have found this thread
Here is the CEO of the pharma company for public shaming:
https://en.wikipedia.org/wiki/Martin_Shkreli
The great thing about capitalism is that anyone is free to develop a drug that provides the same relief and sell it at less then cost.
Why hasn't anyone in here come up with such a drug yet? Peeps are waiting.
No way in hell is the government going to go after the patients legally. It would be horrible PR for them, especially when the US manufacturer is actively ripping off sick people. No jury would convict a dying person just trying not to get ripped off. But even if they did in some bizarre scenario, it's not a controlled substance, so it would be a slap on the wrist.
So the worst that will happen is it will get seized at customs with near zero probability, if ordered for personal use. But 50x cost differential is more than enough to offset that risk. Not telling anyone what to do or not to do, but math is math. And don't tell me it would be "theft" or whatever bullshit you fell for.