US Pharmaceutical Company Defends 5,000% Price Increase!!!UPDATE pg 2

Turing CEO Martin Shkreli has said the company will use the profits from the price increase to develop new treatments for toxoplasmosis and other afflictions to the immune system.

“We’re simply charging the right price that the markets missed, the prior owners have missed, and we’re doing something very good with those profits,” Shkreli told the BBC. “We’re putting them right back in the patient’s’ hands.”
[link to www.pbs.org]

Did you watch the video he is well , not a nice person to compare a car to a drug to help

All they ever do is increase the price to outrageous proportions and then they cut the price in half and trick people into thinking it's cheap. They do the same thing with gas prices.

The company that hiked the price of Daraprim, a drug used to treat AIDS patients, is backing off.
[link to money.cnn.com]

13.50 to 750.00

Martin Shkreli (born April 1, 1983) is an Albanian American[1] hedge fund manager and entrepreneur, specializing in healthcare businesses and is a co-founder of MSMB Capital Management, of Retrophin, Inc. and the founder of Turing Pharmaceuticals AG. He is a co-founder and was the Chief Executive Officer of Retrophin LLC, a biotechnology firm founded in 2011.[2][3]

[link to en.wikipedia.org (secure)]

AC watch page 2 video sadly you may be right

I am schizophrenic. When I first had symptoms I went to the fancy hospital and spent 700 dollars a day to be housed. I was put on a 900 a month medicine that didnt even work. I went to another psychiatrist and he gave me another kind of 900 a month pill that actually worked.

I got fed up at the bullshit cost and went to another doctor and got a pill even better for 25 dollars a month.

I do not think they have to worry much about distribution, given the exorbitant cost. Also, they can market it all they have and and no one will by at this price. Maybe it's a deliberate attempt to undermine capitalism.

Its and AIDS drug. Just sayin.

You go right ahead and take that capsule full of sawdust and ground up litter and shit from fucking China. You go right on ahead. (unless you are being sarcastic, then you stay away from that shit)

Such rediculousness. Everyone get rid ofyour cats!

you can not defend "wrong"

if this was saudi arabia they would have their hands caught off for theft

maybe we should give the whole hand chopping a whirl. i bet after the first corrupt cock sucker had his mitt cut off things would suddenly change

This guy will keep raising the price until sales volume fall off so much that his revenue actually starts going down.

As for those who can no longer afford the drug ... he doesn't care ... as long as he can maximize his profits by selling fewer pills but for a lot more money.

Pure Capitalism at work!!

I am sure G. Romney, bunches of Politicians, and the Koch brothers are envious that they didn't think of it first.

All LEGAL ... even if some people die as a result.

That movie was great. Life changing, really.

I don't know, only one company makes it. Back in July it was already being taken off the normal avenues except via Walgreen's Specialty Pharmacy - or you could order direct. If someone want's to undercut the cost of this 50+ year old drug, why don't they do it? From what I read, the patent expired a long time ago.

toxoplasmosis is a fabricated "disease" to cover up wide- spread mental illness in the population caused by prescription drugs and pollution.

Typical greedy republican bastard, probably a Trump voter.

Historically drug companies spend more for advertising and their lobbyists than they do on research, nothing will change.

He has Autism. His facial features are characteristic of having Down Syndrome, so he lacks emotional intelligence and sees people as objects.

He's pretty much a sociopath.

This guy is a big time scum bag . He has been around for a few years now. He was very active a few years ago shorting small biotech companies when they were about to get approval for new drugs. He would lodge objections with the FDA about the drug and then the company would be forced to reply. He does his homework. This would cause a delay and concerns for investors. Long before all this he would short the stock. He also would launch a buyout of a company only to drop it after he had cashed out. Any reporter or member of congress/staff would have enough dirt on him within a few days for the justice department to have him charged with stock fraud. I am sure they know him well at the FDA.

Yes, only Tom Cruise, John Travola, or George Michael will be able to afford the side effect of turd pounding on the hershey highway;

32 years old? A big liberal.

This is absolutely infuriating!!!
I just felt my blood pressure spike to 160!

Here is the creep that did it.....he's going to have to answer for this on judgement day if he doesn't repent and change it.

Money is valued more than Life. Know where you are, in space and Time. Move swiftly when required to do so.

this will change the day they start having their address posted to the masses, and the masses show up on their front door step

All of the costs that a pharmaceutical company faces...production, research and development, failed research and development, insurance, lawsuits, etc., etc. all have to come from one place....the price of the drugs they sell.

That said....all of that was already included in the prior price of this drug.....and this is just price gouging.

Funny, these hedge fund idiots (school of Soros) missed with mortgages, oil - created hell, now it's on to pharmasoticlas.

Brother, they are doing that to everything.

The Heavenly Father will take care of them for sure