Advertisement

Find answers, ask questions, and connect with our community around the world.

  • Martin Shkreli arrested on fraud.

    Posted by kayla.meyer_144 on December 17, 2015 at 11:37 am

    Couldn’t have happened to a nicer guy. May he get all that’s coming to him for Xmas.
     
    [link=http://www.scientificamerican.com/article/martin-shkreli-who-raised-drug-prices-from-13-50-to-750-arrested-in-securities-fraud-probe/]http://www.scientificamer…ecurities-fraud-probe/[/link]

    kaldridgewv2211 replied 3 years, 3 months ago 7 Members · 15 Replies
  • 15 Replies
  • kaldridgewv2211

    Member
    December 17, 2015 at 11:48 am

    This was one of the best headlines I’ve read this year.  Hopefully he doesn’t get off with paying a fine.  As a country we’ve seemingly not been very harsh on white collar crime.

  • suyanebenevides_151

    Member
    December 17, 2015 at 11:50 am

    You mean Hanukkah, lol

    • btomba_77

      Member
      December 30, 2015 at 1:58 pm

      [url=http://www.bloomberg.com/gadfly/articles/2015-12-30/hillary-clinton-drug-price-attack-bad-news-for-industry]Clinton’s New Drug-Price Attack[/url]

      {Hillary Clinton’s} comments at a New Hampshire town hall on Tuesday should worry conventional drug makers as well. Clinton criticized a system in which a miraculous cure for Hepatitis C (HCV) can be cheap in Egypt but unaffordable in some U.S. states.  … Clinton’s comments could revive a fear that spooked investors in the fall — that she would campaign partly on drug pricing and, if elected, make a priority of policies the industry has been fighting for years.


      “A company came up with a great, lifesaving, curative drug that we had something to do with, and they’re willing to sell it at a really cheap price nearly anywhere else but here,” Clinton said. “We can’t let that go on. (The “we had something to do with” part of Clinton’s quote presumably refers to the fact that the NIH helped fund research leading to the drug’s discovery.)
       

      Clinton’s declaration that this pricing disparity can’t go on, while predictably populist given the circumstances, is potentially loaded. Right now, her plan to curb drug prices includes lower caps on out-of-pocket costs, programs to import drugs from abroad, and enabling Medicare to negotiate with drugmakers. Getting prices on drugs like Sovaldi level with the rest of the world would require all of that and possibly more, up to price controls of one kind or another. This would bring Clinton closer to her position in the 1990s, when she pushed for cost to be a part of FDA decisions on approving drugs. 

      • ruszja

        Member
        December 30, 2015 at 5:45 pm

        The research pharmaceutical companies need to stop showing compassion by discounting new drugs in developing nations or government health systems. By doing so they open themselves up to attacks from nitwits like Clinton. ‘The price is the price’ is the only answer they should give.

        • kayla.meyer_144

          Member
          December 30, 2015 at 6:39 pm

          Be proud to be an ambulance chaser. It’s American Capitalism. There’s lots of $$$ to be made off the sick.

          • kayla.meyer_144

            Member
            August 4, 2017 at 12:42 pm

            Shkreli convicted of securities fraud. Well deserved.

            • 100574

              Member
              August 4, 2017 at 1:29 pm

              KARMA

              • 100574

                Member
                August 4, 2017 at 7:06 pm

                notice the Bernie sticker–hypocrites stick together
                 
                [b] [/b][i][/i][u][/u][strike][/strike] [b][/b][i][/i][u][/u][strike][/strike]

                • Unknown Member

                  Deleted User
                  August 5, 2017 at 9:00 am

                  Yes Frumi your entire career and great lifestyle has been made off the sick….just like the evil pharma companies you despise.

                  • kaldridgewv2211

                    Member
                    March 9, 2018 at 1:04 pm

                    7 years in the clink for pharma bro. I really want to know what’s going to happen to the Wu Tang one of a kind album the Feds took from him.

                    [link=http://www.latimes.com/business/la-fi-shkreli-inmate-journey-20180309-story.html]http://www.latimes.com/bu…ey-20180309-story.html[/link]

                    • kayla.meyer_144

                      Member
                      March 9, 2018 at 4:34 pm

                      Looks like the courts despise braggart greedy cheats too.

                    • btomba_77

                      Member
                      March 9, 2018 at 4:44 pm

                      Quote from DICOM_Dan

                      7 years in the clink for pharma bro. I really want to know what’s going to happen to the Wu Tang one of a kind album the Feds took from him.

                      [link=http://www.latimes.com/business/la-fi-shkreli-inmate-journey-20180309-story.html]http://www.latimes.com/bu…ey-20180309-story.html[/link]

                      Ryan Zinke is probably going to hang it in his office.
                       
                      Or Jared will take it.

                    • kaldridgewv2211

                      Member
                      March 9, 2018 at 5:30 pm

                      I saw the Zinke got $139k doors story. Pretty swampy. Just an observation though. Dude jacks the price of meds through the roof and that’s how markets work. As soon as he tries to skate on some rich folks we throw his butt in jail on the max sentence.

                    • btomba_77

                      Member
                      July 28, 2021 at 5:24 am

                      Hope he had the foresight to rip a copy onto MP3.

                      [link=https://www.theguardian.com/us-news/2021/jul/28/pharma-bro-martin-shkrelis-2m-wu-tang-clan-album-sold-by-us-government]Pharma bro Martin Shkrelis $2m Wu-Tang Clan album sold by US government[/link]

                      An unreleased Wu-Tang Clan album that Pharma Bro entrepreneur Martin Shkreli forfeited after his securities fraud conviction was sold Tuesday for an undisclosed sum, though prosecutors say it was enough to fully satisfy the rest of what he owed on a $7.4m forfeiture order he faced after his 2018 sentencing.

                    • kaldridgewv2211

                      Member
                      July 28, 2021 at 6:43 am

                      Ah-ha.  Who bought it, for how much, and can we hear it?