Discussion: Price-Hiking Pharma Exec Martin Shkreli Gets House Subpoena

Discussion for article #244918

Republicans will start by apologizing for Shkreliā€™s mistreatment, or did he not donate enough to them (see also: BP, Joe Barton Ā®)?

5 Likes

Worse. He tried to donate to Bernie Sanders (who refused his money). This guy has no friends up on the hill.

Last October, a California drug compounding company offered a cheaper version of Daraprim. A bottle of 100 tablets sells for $99.00. Thatā€™s Ninety nine cents a pill. Link:

2 Likes

What a waste of time. Because heā€™s already under indictment heā€™ll just sit there and repeatedly invoke the Fifth.

So how about they do something useful, like pass legislation allowing Medicare to negotiate drug prices. If they just want a bogeyman they could save taxpayers a fortune and simply look in the mirror.

5 Likes

Medicare pays doctors and hospitals a set amount for a particular procedure or diagnosis. They need to do the same for prescription medications to prevent this sort of outrage, with maybe a carve out for truly unique, one of type drugs.

2 Likes

Iā€™d feel a lot better if Congress was also seeking out the exemplary CEOs who donā€™t gouge on prices to ask them what legislation would help them compete with abominations like Shkreli.

1 Like

Iā€™m confused. Isnā€™t this guy the poster child for the kind of ā€œfreedom and libertyā€ that the Republican House majority claims can only be brought about by small gummint and absence of regulation? Let the markets work their magic!. His mistake is not stuffing enough $$ into the right pockets.

2 Likes

the 32-year-old former hedge fund managerā€¦former Turing Pharmaceuticals CEO Martin Shkreliā€¦ related to another pharmaceutical company he previously ran called Retrophin.

So, itā€™s a world class sociopath whoā€™s been anointed as a Master of the Universe, great. To read his resume youā€™d assume heā€™s a mind-blowing visionary long-game thinker. Instead, we get a petty criminal given the keys to the castle who knows no moral or apparently legal bounds. Heā€™s described as a manager, CEO and having ā€˜previously ranā€™. Iā€™d like to see if he can actually hold down a job for more than 12 months considering he doesnā€™t ā€œrunā€ anything, he just feeds off others. Addicted to OPM indeed!

3 Likes

Isnā€™t that what got us Medicare Plan D? All those exemplary pharmaceutical CEOā€™s who were only pursuing the best interests of their shareholders?

1 Like

This guy sure is exceptional. Iā€™ve never wished anyone fall head first into an industrial shredder before.

2 Likes

Ouch

But still, Iā€™d like elected officials to seek the opinion of people with good intentions, not just crooks who make headlines.

Iā€™d also like my elected officials to be smart people who can tease apart what testimony is good policy and what testimony is pure self-interest. I think we had that once, I doubt Iā€™ll live to see it return.

Too quick ā€“ Donā€™t ya think ? ? ā€”

A major part of it would require patent law reforms. Drugs like Daraprim have been around for AGES, yet one guy in one company can buy the patent and then charge whatever he likes.

Basically, drugs like that need to be ā€˜released into the wildā€™ (as in, eligible for generic forms) much, much sooner. Like, no more than 5-10 years max after initial release, and none of this ā€˜tweak the formula or delivery just a tiny bitā€™ and have that equal a de facto patent extension.

Longer term though, we need universal health care access and a government that regulates health care the way we used to regulate public utilities.

1 Like

Does HRC propose anything that will control greed mongers like this scum bag? I mean it, seriously. How long do we need to continue with excuses that we canā€™t expect control right away, ā€¦down the road, ā€¦down the road, ā€¦maybe somedayā€¦canā€™t elect Bernie, he demands too muchā€¦? If HRC can solve this, please someone, step forward and present your (her) case.

1 Like

I understand guillotines arenā€™t that hard to buildā€¦

The masters of Wall Street, their stooges in the media and their hired hands in both the Republican and Democdatic parties wonder why Sanders and Trump have traction?

Sorry, I wasnā€™t trying to cast on you, just noting how diametrically opposed the base interests of corporations are when compared to the greater public interest. I agree our Congresscritters certainly seemed to pursue public interest politics quite a bit more, but itā€™s hard to see these days, if it ever was there. I do think thereā€™s a good amount still going on we just donā€™t see because whereā€™s the news hook in that? Knowing several politicians personally, the pressure of following their own best instincts gets run over in the competitive environment in which they have to exist.

Thanks for your willingness to have a cordial conversation!