Martin Shkreli released from prison

stop posting political shit but ...

I am hyped for pharma bros return

swheritystop posting political shit but ...

I am hyped for pharma bros return

how is pharma bro political? i mean its probably gonna cause an argument but its not a political argument

"In September 2015, Shkreli was widely criticized when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by a factor of 56 (from US$13.50 to $750 per pill). In 2017, Shkreli was charged and convicted in federal court on two counts of securities fraud and one count of conspiring to commit securities fraud, unrelated to the Daraprim controversy.[8] He was sentenced to seven years in federal prison and up to $7.4 million in fines.[9] In the civil case he was fined a further $64.6 million to be given to victims nationwide."

Not gonna lie but this dude was a douche. And I know douche's

Lonely"In September 2015, Shkreli was widely criticized when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by a factor of 56 (from US$13.50 to $750 per pill). In 2017, Shkreli was charged and convicted in federal court on two counts of securities fraud and one count of conspiring to commit securities fraud, unrelated to the Daraprim controversy.[8] He was sentenced to seven years in federal prison and up to $7.4 million in fines.[9] In the civil case he was fined a further $64.6 million to be given to victims nationwide."

He actually sold the drug to the government for the normal price and only sold it at $750 to private companies. Also he gave a lot of it out for free to people who asked.

he would have saved us from covid if he was free

swheritystop posting political shit but ...

I am hyped for pharma bros return

yungonahow is pharma bro political? i mean its probably gonna cause an argument but its not a political argument

This isn't political. Guy was just a douche bag who took advantage of the system legally. Illegal? No. Immoral? Fuck yes. It's not uncommon for drug companies to boost prices of drugs for which there is no other alternative (my best example: Ammonul). It's legal corruption at its finest. His securities fraud was just karma catching up to him. I doubt any legal action would have happened to him over the Daraprim issue which is why he held his ground.

yungonaHe actually sold the drug to the government for the normal price and only sold it at $750 to private companies. Also he gave a lot of it out for free to people who asked.

"only...to private companies" lol.

Who do you think supplies literally all the drugs to US citizens? Private (well public companies if we wanna get technical: Cardinal, Amerisource, McKesson) wholesalers who then sell those products to pharmacies in the community and hospitals. Actually pretty much every drug goes through a wholesaler before it reaches the pharmacy to dispense (rare instances are for uncommon disease treatments only CDC has access to, CA dept of health has the only source for botulism treatment, or for drop ship items, which are also really rare and usually really expensive).

340B pricing is a government program that subsidizes hospitals serving specific patient populations (e.g. poor medicaid patients, children's hospitals, and critical access hospitals... Critical access would be those 20 bed places many of you rely on or those near ski resorts that have to exist regardless of profit. They rely on that program to stay afloat.). Anyway, the majority of people fall under private payer or Medicare and would not qualify for reduced 340B prices. Not every patient who utilizes a 340B eligible hospital is eligible for pricing. It's a very complex billing system.

So tldr, yungona you are twisting the reality of what he did into a false positive light.

Turd__AuthorityThis isn't political. Guy was just a douche bag who took advantage of the system legally. Illegal? No. Immoral? Fuck yes. It's not uncommon for drug companies to boost prices of drugs for which there is no other alternative (my best example: Ammonul). It's legal corruption at its finest. His securities fraud was just karma catching up to him. I doubt any legal action would have happened to him over the Daraprim issue which is why he held his ground.

"only...to private companies" lol.

Who do you think supplies literally all the drugs to US citizens? Private (well public companies if we wanna get technical: Cardinal, Amerisource, McKesson) wholesalers who then sell those products to pharmacies in the community and hospitals. Actually pretty much every drug goes through a wholesaler before it reaches the pharmacy to dispense (rare instances are for uncommon disease treatments only CDC has access to, CA dept of health has the only source for botulism treatment, or for drop ship items, which are also really rare and usually really expensive).

340B pricing is a government program that subsidizes hospitals serving specific patient populations (e.g. poor medicaid patients, children's hospitals, and critical access hospitals... Critical access would be those 20 bed places many of you rely on or those near ski resorts that have to exist regardless of profit. They rely on that program to stay afloat.). Anyway, the majority of people fall under private payer or Medicare and would not qualify for reduced 340B prices. Not every patient who utilizes a 340B eligible hospital is eligible for pricing. It's a very complex billing system.

So tldr, yungona you are twisting the reality of what he did into a false positive light.

Read the td:lr, ur probably right. Do I care? No. Why? Because it’s HIV medicine.

yungonaRead the td:lr, ur probably right. Do I care? No. Why? Because it’s HIV medicine.

Not even that lol. It's just for infections and prevention of certain types. Fuggin news overhyped this as a crisis. Tbh anyone on HIV meds has either hit their out of pocket max cuz HIV meds are $$$$ or is on medicaid, so idk maybe I am short sighted but cost shouldn't be an issue for those patients. I bet Turing took that into account since this drug isn't used for malaria anymore so only those folks already on pricey as fuck meds would need it.