Ex-hedge funder buys rights to AIDS drug and raises price

[Moonhawk]

rscott said:

They're not just jacking the price up massively, they're also changing the supply chain, potentially making it harder for some to obtain the drug. Presumably to encourage pharmacies to hold stocks of it, 'just in case'.

Regulatory agencies will take a dim view if that is the case - assuring continuity of supply for critical clinical need is one aspect they are very keen on.

[cirian75]

you can bet he's on the FDA's a FBI's radar now.

[jimmybobby]

I have no issue with him hiking the price. What I take issue with is the level to which he has done so.

Its a business issue. he had to buy the rights to the process and has assumingly got backers etc who he has to pay back. As such if he bumps it from $15 to $100-$150 per tablet fine he has to make his money back on the purchase but $750 is just taking the piss and putting it way out of the reach of many people who could barely afford it at $15.

He is also making it nigh on impossible for most to buy it thereby wiping out his ability to repay any debt created to buy the supply chain anyway.

[cirian75]

jimmybobby said:

I have no issue with him hiking the price. What I take issue with is the level to which he has done so.

Its a business issue. he had to buy the rights to the process and has assumingly got backers etc who he has to pay back. As such if he bumps it from $15 to $100-$150 per tablet fine he has to make his money back on the purchase but $750 is just taking the piss and putting it way out of the reach of many people who could barely afford it at $15.

He is also making it nigh on impossible for most to buy it thereby wiping out his ability to repay any debt created to buy the supply chain anyway.

He's a sociopath = He is incapable of seeing what he's done is wrong.

[Driller]

cirian75 said:

He's a sociopath psychopath = He is incapable of seeing what he's done is wrong.

[cirian75]

Turns out Pyrimethamine (Daraprim) is a WHO listed essential drug.

https://en.wikipedia.org/wiki/WHO_Model_List_of_Es...

I think things will happen sooner rather than later with this scum bag

[Welshbeef]

esxste said:

Should the free market be allowed to affect peoples health so cynically?

It's an emotive and difficult balance to achieve - fair reward for those who invest in developing new drugs weighed against the possibility of parasites gaming the system for undeserved reward.

The govt could compulsory purchase it and then sell accordingly.

Is it wrong or right what he is doing? Illegal no, unethical feels like it.




However do you buy coffee and cocoa non free trade? Or other such things? Do you donate to poverty stricken individuals in 3rd world countries. What about those on Benefits in the UK who for whatever reason may never be able to work - ineptness being one reason


Basically control supply flog it on make a lot of money move on do it again. That is capitalism at its rawest - don't like it???? Howz about communism??

[deadslow]

Welshbeef said:

Basically control supply flog it on make a lot of money move on do it again. That is capitalism at its rawest - don't like it???? Howz about communism??

I don't like it. Speculators/traders are playing games with the global food supply and starving half the planet for the sake of (quite) a few quid. Wrong.

[Welshbeef]

deadslow said:

Welshbeef said:

Basically control supply flog it on make a lot of money move on do it again. That is capitalism at its rawest - don't like it???? Howz about communism??

I don't like it. Speculators/traders are playing games with the global food supply and starving half the planet for the sake of (quite) a few quid. Wrong.

But your pension fund will be worth fk all otherwise - in capitalism there has to be a winner and a loser so how do you think your getting growth???

[jmorgan]

I suppose there are winners and losers and then there are the piss takers. First against the wall I think.

[walm]

deadslow said:

I don't like it. Speculators/traders are playing games with the global food supply and starving half the planet for the sake of (quite) a few quid. Wrong.

Wow - the tin foil hat is strong with this one.
You really aren't living in the real world if you believe this.

Commodities are taking an absolute bath.
Harvests have been amazing and the energy required to get the food on your plate is going ever cheaper.
Food inflation is heavily negative.
Here's the chart on EU milk prices - it's down below 2010 levels.

[Jasandjules]

walm said:

Wow - the tin foil hat is strong with this one.
You really aren't living in the real world if you believe this.

Oh, I don't know

http://action.storyofstuff.org/sign/nestle_water_p...

[walm]

Jasandjules said:

walm said:

Wow - the tin foil hat is strong with this one.
You really aren't living in the real world if you believe this.

Oh, I don't know

http://action.storyofstuff.org/sign/nestle_water_p...

He said starving not dehydrating!!

[Pesty]

FredClogs said:

Toxoplasmosis is the parasite which cats use to control their victims (us). Studies in rats show that those infected with the parasite lose their natural fear of cats and become attracted to them, it's how moggies have sidled their way in to human culture over the years, obviously they then report back to their demon over lord Beelzebub.

https://en.wikipedia.org/wiki/Toxoplasmosis#.22Cra...

This man is obviously close to the source of all evil and controlling the spread of this cat born devilish infestation.

Burn him.

I remember a r4 programme about this, from memory a study in Hungary I think showed something like 70% of fatal road accident victims died when the driver had been exposed. It reduces fear so drivers take more risks.

So anybody wants blood test of their pilot next time they fly to Majorca ?

[cirian75]

Price going down

http://www.bbc.co.uk/news/world-us-canada-34332363

But what we don't know.

[anonymous-user]

Driller said:

cirian75 said:

He's a sociopath psychopath = He is incapable of seeing what he's done is wrong.

This type of sector often attracts these sociopathic people who are fixated on self-interestt and are detached from normal people as they lack empathy, They view people as sheep. If you are intelligent, incapable of giving a st about anyone else and are all about personal advancement, it's the perfect job for you.

Unfortunately the larger percentage of these personality types in financial service management combined with a lack of effective regulation is what helped lead to the recent financial crisis.

[cirian75]

Sorry for the Daily Achtung link

http://www.dailymail.co.uk/news/article-3245759/Ma...

sounds a like a very unpleasant full on scum bag excuse of human

[loose cannon]

Unfortunately most of the planet is run by such people

[p1stonhead]

He has a bit of a Moriarty from Sherlock vibe about him. Particularly Andrew Scott's version;

[FredClogs]

loose cannon said:

Unfortunately most of the planet is run by such people

Am I getting old, he looks about 12.

As I said about, I blame the cats.