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

[FredClogs]

http://www.bbc.com/news/world-australia-38153254

Some school kids in Australia have synthesised the ingredient this cock socket was charging $110,000 for $20.

Winning...

[Oakey]

I don't think there was ever any doubt that the drug itself cost peanuts to make, it's about whoever holds the rights to it being able to charge whatever the hell they want

[Moonhawk]

Oakey said:

I don't think there was ever any doubt that the drug itself cost peanuts to make, it's about whoever holds the rights to it being able to charge whatever the hell they want

Yep this. His justification for hiking the price was never about material or manufacturing costs.

His claim was that it was to raise funds for research into new drugs.

Whether you believe his claim is another matter.

[Driller]

So guarantee that thousands will die because they can't afford the drug so that other drugs can be developed to save peoples' lives?

On has to question his motives.

[wc98]

Driller said:

So guarantee that thousands will die because they can't afford the drug so that other drugs can be developed to save peoples' lives?

On has to question his motives.

with a bit of luck some poetic justice will come his way in the not too distant future. he has made it onto my list in the event of me contracting a terminal illness anyway.

[saabster14]

the pharmaceutical world is a murky one. It's very big business.

[crofty1984]

I think the issue was the had to find a new way to synthesise it that didn't encroach on the original patent. Though to make it available in the USA our man Martin has to authorise a comparability test against his own drug. Which is unlikely.

[ralphrj]

Resurrection post:



Apparently someone through dog st in his face today.

I'm not sure what the dog st had done to deserve that...

[BlackLabel]

He's just been sent back to prison, for quite a bizarre reason.

A judge has ordered the jailing of ex-pharmaceutical chief executive Martin "Pharma Bro" Shkreli while he awaits sentencing for securities fraud. Judge Kiyo Matsumoto said a Facebook post in which Shkreli offered $5,000 for a strand of Hillary Clinton's hair showed he was a danger to the public. The former CEO, 34, had been free on $5m (£4m) bail since his 2015 arrest. Shkreli was branded "the most hated man in America" when his firm hiked the price of medication for Aids patients.

[Burwood]

BlackLabel said:

He's just been sent back to prison, for quite a bizarre reason.

A judge has ordered the jailing of ex-pharmaceutical chief executive Martin "Pharma Bro" Shkreli while he awaits sentencing for securities fraud. Judge Kiyo Matsumoto said a Facebook post in which Shkreli offered $5,000 for a strand of Hillary Clinton's hair showed he was a danger to the public. The former CEO, 34, had been free on $5m (£4m) bail since his 2015 arrest. Shkreli was branded "the most hated man in America" when his firm hiked the price of medication for Aids patients.

not fit to stand trial? A scum bag of the highest order

[BlackLabel]

“Martin Shkreli sentenced to seven years in prison for securities fraud and defrauding investors”

http://www.independent.co.uk/news/world/americas/m...

[gooner1]

BlackLabel said:

“Martin Shkreli sentenced to seven years in prison for securities fraud and defrauding investors”

http://www.independent.co.uk/news/world/americas/m...

I do hope he doesn't catch something awful while incarserated.(sic)

[Tryke3]

This just made my day

[dudleybloke]

That Wu-Tang album he bought has been confiscated too!

[bazza white]

If you think he's s bad have a watch of dirty money on netflix and the Valeant Pharmaceutical company.

[Burwood]

Some faith in the system, restored. Even his own lawyer told the judge ‘there are some days I want to punch him in the face’.

[FN2TypeR]