Decorating the Wall!

[JackLuis]

WATCH: Ex-hedge funder who hiked AIDS pill cost by 5,500 percent says drug ‘still underpriced’

http://2d0yaz2jiom3c6vy7e7e5svk.wpengine.netdna-cdn.com/wp-content/uploads/2015/09/turingceo-300x161.jpg
​

Appearing on Bloomberg TV, the CEO of a pharmaceutical company that recently hiked the price of a drug used for critically ill infants and AIDS patients by 5,500 percent , defended the price increase by promising better things to come for future patients.

Martin Shkreli, 32, the founder and chief executive of Turing Pharmaceuticals, recently purchased the rights to Daraprim and immediate increased the cost from $13.50 to $750 per pill.

Asked why the huge increase in cost, Shkreli explained that the old companies who owned the drug were “practically giving it away almost,” and he needs to turn a profit.

I'd say he should be first in line!

 

[Aglaopheme]

Mark my words, big pharma will be a huge issue this cycle.

 

[Hard_Rom]

WATCH: Ex-hedge funder who hiked AIDS pill cost by 5,500 percent says drug ‘still underpriced’

http://2d0yaz2jiom3c6vy7e7e5svk.wpengine.netdna-cdn.com/wp-content/uploads/2015/09/turingceo-300x161.jpg
​

I'd say he should be first in line!

That's capitalism and the free market. You charge what the market can bear. And as folk can't bear dying or have their babies die they pay.

 

[JackLuis]

Hillary to Offer New Prescription Drug Proposal This Week

Hillary Rodham Clinton says she'll soon roll out a proposal for controlling the cost of prescription drugs, a key fix to President Barack Obama's signature health care law.

"We have a lot of positives. But there are issues that need to be addressed," the Democratic presidential front-runner said Sunday on CBS' "Face the Nation. "I'm going to address them this week, starting with how we're going to try to control the cost of skyrocketing prescription drugs. It's something I hear about everywhere I go."

Well if the Hillz is on it, I guess it's done, eh?

 

[JackLuis]

Will President Obama Stand Up to the Drug Thugs?

It takes a lot of courage to defy the folks who make tens of billions a year selling drugs. We will find out soon whether President Obama has the backbone to stand up to Merck, Pfizer and the other major drug companies in order to protect the health and lives of hundreds of millions of people living in the world's poorest countries.

The immediate issue is an extension of the period until the poorest countries must adopt US-type patent protections for drugs under the World Trade Organizations (WTO) rules. In 1994, the Clinton administration inserted the trade related trade aspects of intellectual property rights, or TRIPS, provisions into the agreement that established the WTO. The TRIPS provisions effectively required all WTO members to adopt US-type patent and copyright laws.

This would imply an enormous increase in the price of many items, especially drugs, which had been readily available in the developing world at the free market price. Generic versions of drugs are generally cheap, since it is rarely expensive to manufacture and distribute drugs. When we see drugs selling for tens of thousands or even hundreds of thousands of dollars it is almost always because a drug company holds a government-granted patent monopoly on its sale.

It may be too much to expect President Obama to actually talk about reforming our mechanisms for subsidizing research, but it shouldn't be too much to ask him to join the EU in supporting the indefinite extension for developing countries. It may not be as much fun as flying around the world with billionaires for charity, but it will do much more to help poor people.

 

[JackLuis]

Price-gouging pharma bro under investigation for corporate looting, fraud and stalking

Shkreli has ignited a firestorm after purchasing the rights to Daraprim, a 62-year-old drug used for treating life-threatening parasitic infections in babies and AIDS patients, and raising the price overnight from $13.50 per tablet to $750.

He gave an interview Monday to Bloomberg, which has taken a “special interest” in the 32-year-old Shkreli after the “self-trained biologist” dramatically changed his position on biotech futures.

“We’ve wondered whether, after years of betting on biotech stocks to fall, he’d undergone a conversion or was using his knowledge to game the field,” wrote Bloomberg’s Peter M. Barrett last year.

Shkreli has defended his decision to hike the price of his latest acquisition, Daraprim, by 5,500 percent — saying the increase was necessary to protect his investment and still kept the drug “underpriced” on the current market.

Turing has extended co-pay assistance to individual patients who rely on Daraprim, but the federal government and private insurance companies will likely be stuck paying the difference — which they will then pass on to taxpayers and consumers.

Shkreli insulted reporters who questioned the price hike, calling one a “moron” and suggesting the details were too complicated for the average person to understand.

It's really not all that complicated, Shkreli is a capitalist Dick Head.

 

[phrodeau]

Hillary to Offer New Prescription Drug Proposal This Week




Well if the Hillz is on it, I guess it's done, eh?

No, she's unemployed at the moment. All she can do is lobby.

 

[JackLuis]

Clinton unveils proposal for $250 cap on prescription drugs in response to CEO price-gouging report

Jump on the band wagon, Hilz.

Democratic presidential candidate Hillary Clinton on Tuesday will propose a $250 monthly cap on prescription drugs to stop what she calls “excessive profiteering” by pharmaceutical companies, and the news battered shares of those companies.

At a campaign stop in Iowa, Clinton will outline a plan to encourage the development and use of generic drugs and to end pharmaceutical companies’ ability to write off consumer-directed advertising as a business expense, her campaign said.

Under Clinton’s plan, the monthly cap would limit what insurance companies could ask patients to pay for drugs that treat patients with chronic or serious medical conditions.

“It is time to deal with skyrocketing out-of-pocket costs,” Clinton said on Monday during a campaign stop in Little Rock, Arkansas.

But she didn't say she'd fuck up Shkreli's scam, she'd just shift the burden to the insurance companies. Can you say, Wall Street Shill?

 

[Aglaopheme]

Let the walk back begin.

 

[JackLuis]

Terrible Pill Man With Punchy Face Will ‘Drop’ Drug Price If You Won’t Murder Him Please

This week the internet has been doing a mighty good Two Minutes Hate against asshole pharmaceutical CEO Martin Shkreli, and for good reason, since his company, Turing Pharmaceuticals, decided to buy the rights to a life-saving drug, Daraprim, and immediately raise the price FIVE THOUSAND PERCENT, rendering it unattainable for many of the people who desperately need it. Rude, right? Heartless? Yup. Greedy fucking asshole who cares more about his profits than whether or not people die? Hey now, let’s not be too harsh!

And hey, internet, Shkreli has HEARD YOU. He understands how you are very stupid, and couldn’t possibly comprehend the details of his very complicated job, or why it’s totally normal to suddenly raise the price of a life-saving drug FIVE THOUSAND PERCENT. And maybe he senses that his dick move has greatly reduced his chances of ever getting his dick wet in a human person again (BY FIVE THOUSAND PERCENT), so fine, fuck you, he’ll drop the price of the drug:

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.

“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, 32, said.

Yeah before someone ...

Careful, Laurel is watching from on high.

 

[Hypoxia]

Eat the rich. They are juicier.

 

[JackLuis]

Eat the rich. They are juicier.

Need to write lyrics for this, using a I ii IV V7 progression.