June
2017
Wednesday, September 23, 2015
ANDREW POLLACK, The New York Times
Submitted by: Editor

Ultra Sleazy Millionaire Martin Shkreli is a Disgusting Twat

Martin Shkreli is the founder and chief executive of Turing Pharmaceuticals, which raised the price of the drug Daraprim to $750 a tablet from $13.50.

Quite possibly one of the sleaziest and most dishonest "businessman" on the planet, Shrekli has made a fortune from fleecing clients. Just do a quick Google search and you will find a plethora of slime encasing this wealthy piece of shit. 

What's the story here? He purchased a patent for a drug, then raised the cost of the drug 5000% overnight. 

Martin Shkreli, the founder and chief executive of Turing, said that the drug is so rarely used that the impact on the health system would be minuscule and that Turing would use the money it earns to develop better treatments for toxoplasmosis, with fewer side effects.

Capitalism at its most opportunistic basic depravity. 

And that's where this goes incredibly wrong. As the patent owner, he essentially controls the recipe for this specific drug. It's a singular drug. Meaning, there aren't any currently viable options for patients who depend on this drug to keep them alive. Owning the patent means that he also controls the market for other companies who may want to develop a generic version of the drug. Just like the owner of a champion thoroughbred controls who gets to purchase the semen of a Kentucky Derby winner. Shreklli can set the price for the market. And this is what his plan has been all along ... Jack the price of the drug up so high no one can possibly afford it in order to force the hand of other compnaies to purchase access to the recipe for the drug. It will take up to a decade for a new drug to get FDA approval. And in the interim, he makes a bloody fortune fleecing the fuck out of the the insurance industry and the people whose lives depend on the drug. Then he collects a huge fee from the generic manufacturers and more than likely gets paid a royalty on top of every generic pill sold.

[expletive] [expletive] sociopathic piece of steaming filth. 

Articles:

http://fusion.net/story/200779/martin-shkreli-cancer-drug-finance-bro/

Update:

After scathing rebukes from politicians and a global outrage calling this human fecal stain the "wrost person in the world", Shrekli has apparently reversed his decision and will reduce the cost of the pill ... to a "reasonable" price that will allow him to still make a profit. 

[expletive] cuntbag. Profit over people at all costs ... is the American way. 

http://fusion.net/story/202317/turing-daraprim-reversal/

Posted by Editor on 09/23/15 at 05:12 PM •  (0) Comments

Tags:  wealth, ceo, pharma, healthcare,

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