webfact Posted September 23, 2015 Share Posted September 23, 2015 US drug company to cut 5,000% price rise after backlash(BBC)A US drug company that faced a backlash after raising the price of a drug used by Aids patients by over 5,000% has said it will lower the price.Martin Shkreli, the head of Turing Pharmaceuticals, told US media he would drop the price following the outcry, but did not say by how much.Turing Pharmaceuticals acquired the rights to Daraprim in August.It then raised the cost of the drug, which treats a parasitic infection, afrom $13.50 (£8.70) to $750.Amid criticism from medical groups - one called the cost "unjustifiable" - Mr Shkreli on Monday defended the increase, saying the profits would help research new treatments.Full story: http://www.bbc.com/news/world-us-canada-34332363-- BBC 2015-09-23 Link to comment Share on other sites More sharing options...
canuckamuck Posted September 23, 2015 Share Posted September 23, 2015 Now when they drop it to a 2000% increase, there will be much less outcry. Good strategy if you have no conscience. Link to comment Share on other sites More sharing options...
klauskunkel Posted September 23, 2015 Share Posted September 23, 2015 Turing Pharmaceuticals acquired the rights to Daraprim in August. Mr Shkreli on Monday defended the increase, saying the profits would help research new treatments. You sure as hell did not research Daraprim, you just bought it. I have a good idea what those profits would help research... Link to comment Share on other sites More sharing options...
Seastallion Posted September 23, 2015 Share Posted September 23, 2015 Now when they drop it to a 2000% increase, there will be much less outcry. Good strategy if you have no conscience. True, and a likely scenario. To be fair, though, if the drug is an option and not a necessity, I do not have a problem with them charging what they want. On the other hand, if it is vital and they have the patients over a barrel, then it is despicable. Link to comment Share on other sites More sharing options...
samjaidee Posted September 23, 2015 Share Posted September 23, 2015 Turing Pharmaceuticals acquired the rights to Daraprim in August. Mr Shkreli on Monday defended the increase, saying the profits would help research new treatments. You sure as hell did not research Daraprim, you just bought it. I have a good idea what those profits would help research... Really? Please share your insight with us. Link to comment Share on other sites More sharing options...
JakeSully Posted September 23, 2015 Share Posted September 23, 2015 We love Capitalism, don't we? Pay us or die! Link to comment Share on other sites More sharing options...
klauskunkel Posted September 23, 2015 Share Posted September 23, 2015 Turing Pharmaceuticals acquired the rights to Daraprim in August. Mr Shkreli on Monday defended the increase, saying the profits would help research new treatments. You sure as hell did not research Daraprim, you just bought it. I have a good idea what those profits would help research... Really? Please share your insight with us. Who is "us"? Please share which interest group you are representing with me. Link to comment Share on other sites More sharing options...
oneday Posted September 23, 2015 Share Posted September 23, 2015 Mr Shkreli on Monday defended the increase, saying the profits would help research new treatments. What an indefensible, outright, bald-faced lie. What an idiot to make a statement like that, expecting people to believe him, let alone accept his statement. These are the types of companies high drama TV shows are made about. Link to comment Share on other sites More sharing options...
Scott Posted September 23, 2015 Share Posted September 23, 2015 Off-topic post removed. Link to comment Share on other sites More sharing options...
RKASA Posted September 23, 2015 Share Posted September 23, 2015 A 60 year old drug he bought rights too that has multi. other substitutes. A media scam to bring attention to a name and a cause. Even at 13.5 there are other drugs cheaper then it was. When the news hit Hillery was talking the government need to take over drug companies right on cue. Think about it. The lie is that anyone was ever going to buy one pill at these prices or that they had been buying vary many even at 13.50 which is why he could buy the rights to it in the first place - profitable drug rights don't get sold. Lets all get on the nitwits band wagon and buy this BS story. Run Bernie Run. Why settle for a totally corrupted half ass lib. when you can elect a real nitwit socialist. https://en.wikipedia.org/wiki/Pyrimethamine i.e. Daraprim In India, multiple combinations of generic pyrimethanine are available for a price ranging from U.S. $0.05–$0.10 each (3–7 rupees) Link to comment Share on other sites More sharing options...
Seastallion Posted September 23, 2015 Share Posted September 23, 2015 A 60 year old drug he bought rights too that has multi. other substitutes. A media scam to bring attention to a name and a cause. Even at 13.5 there are other drugs cheaper then it was. When the news hit Hillery was talking the government need to take over drug companies right on cue. Think about it. The lie is that anyone was ever going to buy one pill at these prices or that they had been buying vary many even at 13.50 which is why he could buy the rights to it in the first place - profitable drug rights don't get sold. Lets all get on the nitwits band wagon and buy this BS story. Run Bernie Run. Why settle for a totally corrupted half ass lib. when you can elect a real nitwit socialist. https://en.wikipedia.org/wiki/Pyrimethamine i.e. Daraprim In India, multiple combinations of generic pyrimethanine are available for a price ranging from U.S. $0.05–$0.10 each (3–7 rupees) Interesting angle.....you could be on to it. Link to comment Share on other sites More sharing options...
Usernames Posted September 23, 2015 Share Posted September 23, 2015 A 60 year old drug he bought rights too that has multi. other substitutes. A media scam to bring attention to a name and a cause. Even at 13.5 there are other drugs cheaper then it was. When the news hit Hillery was talking the government need to take over drug companies right on cue. Think about it. The lie is that anyone was ever going to buy one pill at these prices or that they had been buying vary many even at 13.50 which is why he could buy the rights to it in the first place - profitable drug rights don't get sold. Lets all get on the nitwits band wagon and buy this BS story. Run Bernie Run. Why settle for a totally corrupted half ass lib. when you can elect a real nitwit socialist. https://en.wikipedia.org/wiki/Pyrimethamine i.e. Daraprim In India, multiple combinations of generic pyrimethanine are available for a price ranging from U.S. $0.05–$0.10 each (3–7 rupees) And everyone who wants to send off to India to buy their medicine, raise your hand. Link to comment Share on other sites More sharing options...
Colabamumbai Posted September 23, 2015 Share Posted September 23, 2015 Taking advantage of the sick who cannot afford to pay for the drug. No conscience. And he said on television that "all the profits would go back to the Aids community." Yeah sure. Link to comment Share on other sites More sharing options...
ALLSEEINGEYE Posted September 23, 2015 Share Posted September 23, 2015 This is one good example of why the healthcare system in the US is so screwed up. Their healthcare costs are way out of control. The typical excuse given is usually the high cost of malpractice suits but the real reason is out of control greed both for treatments and for meds. As for the malpractice excuse, that could easily be brought under control with proper legislation but with the medical lobby paying off the congress to always pass laws in their favor there is not much chance of that changing either. Every other developed nation seems to be able to to handle this better because their healthcare was nationalized long before big business could get a strong grip on it. I would wager that the bulk of this 5000% increase will go straight into the pockets of the CEO's in the way of bonuses and the rest to bribe (lobby) politicians to keep the laws in their favor. Disgusting behavior. This drug should be available to all who need it at a fair price and this company should be boycotted if not prosecuted. Link to comment Share on other sites More sharing options...
Guitar God Posted September 23, 2015 Share Posted September 23, 2015 So what's the point of him raising the price from $13.50 to $750 per pill in nobody is buying it anyway? Free bad publicity? He buys the rights to a drug, has a monopoly on the legitimate and western produced version (I've never had a doctor in Europe, the U.S. or even Thailand write me a script for any Indian counterfeit drugs), expects to profit, gets called out and shamed and then starts damage control. Right now he's more hated than Kim Davis, David Huckabee, Dick Cheney, the Duggar's and the Erawan shrine bombers combined, and well deserved. There are a lot of greedy bastards in the business world, he happens to be one of them. A much simpler explanation than some partisan conspiracy... A 60 year old drug he bought rights too that has multi. other substitutes. A media scam to bring attention to a name and a cause. Even at 13.5 there are other drugs cheaper then it was. When the news hit Hillery was talking the government need to take over drug companies right on cue. Think about it. The lie is that anyone was ever going to buy one pill at these prices or that they had been buying vary many even at 13.50 which is why he could buy the rights to it in the first place - profitable drug rights don't get sold. Lets all get on the nitwits band wagon and buy this BS story. Run Bernie Run. Why settle for a totally corrupted half ass lib. when you can elect a real nitwit socialist. https://en.wikipedia.org/wiki/Pyrimethamine i.e. Daraprim In India, multiple combinations of generic pyrimethanine are available for a price ranging from U.S. $0.05–$0.10 each (3–7 rupees) Link to comment Share on other sites More sharing options...
Naam Posted September 23, 2015 Share Posted September 23, 2015 A 60 year old drug he bought rights too that has multi. other substitutes. A media scam to bring attention to a name and a cause. Even at 13.5 there are other drugs cheaper then it was. When the news hit Hillery was talking the government need to take over drug companies right on cue. Think about it. The lie is that anyone was ever going to buy one pill at these prices or that they had been buying vary many even at 13.50 which is why he could buy the rights to it in the first place - profitable drug rights don't get sold. Lets all get on the nitwits band wagon and buy this BS story. Run Bernie Run. Why settle for a totally corrupted half ass lib. when you can elect a real nitwit socialist. https://en.wikipedia.org/wiki/Pyrimethamine i.e. Daraprim In India, multiple combinations of generic pyrimethanine are available for a price ranging from U.S. $0.05–$0.10 each (3–7 rupees) And everyone who wants to send off to India to buy their medicine, raise your hand. i am doing that since years. the monthly cost of the drug "Cyclosporine" for one of my dogs in Thailand (imported from UK) is ~THB 6,800.-; cost in India is THB 430.- 82,000 or 5,200 Baht per annum is quite a difference! Link to comment Share on other sites More sharing options...
fritzzz25 Posted September 23, 2015 Share Posted September 23, 2015 Little bit of info on medications manufactured in some countries. http://www.newsweek.com/2015/09/25/fake-drug-industry-exploding-and-we-cant-do-anything-about-it-373088.html Link to comment Share on other sites More sharing options...
FangFerang Posted September 23, 2015 Share Posted September 23, 2015 (edited) Now when they drop it to a 2000% increase, there will be much less outcry. Good strategy if you have no conscience. I would buy you a case of good beer for saying this. They are literally sentencing people to death. I hope he goes bankrupt, contracts AIDS, and cannot afford his own drug. PS: The PT that Thailand wisely did NOT sign into would allow this scum to sue any country in the world court that makes a generic version of it. When profit exceeds humanity, capitalism fails. Edited September 23, 2015 by FangFerang Link to comment Share on other sites More sharing options...
impulse Posted September 23, 2015 Share Posted September 23, 2015 In the United States, as of 2015, with the acquisition of U.S. marketing of Daraprim tablets by Turing Pharmaceuticals,[16] Daraprim has become a single-source and specialty pharmacy item, and the cost of Daraprim has increased.[17] The cost of a monthly course for a person on 75 mg dose rose to about $75,000/month, from $13/tablet to $833/tablet,[18] or $750 per tablet per a New York Times report from September 2015.[19][20] Outpatients can no longer obtain Daraprim from their community pharmacy, but only through a single dispensing pharmacy, Walgreens Specialty Pharmacy, and institutions can no longer order from their general wholesaler, but have to set up an account with the Daraprim Direct program.[17] The price increase has been fiercely criticised by physician groups such as HIV Medicine Associates and Infectious Diseases Society of America.[21] In India, multiple combinations of generic pyrimethanine are available for a price ranging from U.S. $0.05–$0.10 each (3–7 rupees).[22] In the UK, Daraprim is available from GSK at a cost of U.S. $20 (£13) for 30 tablets (approx. $0.66 each) Source: https://en.wikipedia.org/wiki/Pyrimethamine#Availability_and_price Underlining, mine... I wonder what it would cost to become a US generic distributor for an Indian pharma company? Link to comment Share on other sites More sharing options...
ourmanflint Posted September 23, 2015 Share Posted September 23, 2015 This will just be the first. Watch the hedge funds scramble to buy USA rights of many drugs now this has got their attention. Welcome to the wonderful world of wall st. healthcare Link to comment Share on other sites More sharing options...
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