Saturday, September 24, 2016

Martin Shkreli before the House Oversight and Government Reform Committee during a hearing on Prescription Drug Prices, Feb. 4, 2016



Turing Pharmaceuticals CEO Martin Shkreli was under fire for raising a 62-year-old drug's price 5,556% from $13.50 to $750 per pill in September, 2015. "Turing jacked up the price of the drug, which is used to prevent malaria and treat toxoplasmosis, a parasitic infection that's dangerous for pregnant women's unborn children and for people with weakened immune systems, such as those with AIDS and patients undergoing chemotherapy":

3 comments:

  1. “‘$One billion here we come.’ That was the triumphant message sent by then-Turing Pharmaceuticals CEO Martin Shkreli, the infamous ‘Pharma Bro’ who jacked up the price of a life-saving drug by over 5,000 percent last year, when it became clear his firm could acquire the rights to the medicine. The email went to Turing’s presumably pleased board of directors last May.

    “To anyone who’s followed this story since The New York Times shined a spotlight on Turing and intensified the national debate about prescription drug pricing last fall, the Shkreli email and other documents made public by the Democrats on the House Government Reform and Oversight Committee Tuesday do little more than confirm the basic facts. Turing raised the price of Daraprim, which treats a deadly parasitic infection called toxoplasmosis that afflicts HIV/AIDS patients, because it could. The company reaped a windfall, followed by a massive backlash that forced out Shkreli without providing any relief to patients.

    “But this kind of drug pricing strategy isn’t limited to one rogue executive or company. Though rarely quite so blatant, it’s woven throughout the pharmaceutical industry…” (The Huffington Post, Feb. 2016).

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    1. Because our congress are made up of criminals who work to increase their financial standing and future jobs for themselves and their families and big corporations of all ilk, we will never have a "democracy". For those who are not going "to vote" this session, don't complain about the congressmen/women who bilk the citizens every second of every day since the beginning of this country.

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  2. I could list the price increases for my medications. I could do the same for medications taken by my family members and friends. Aside from making officious sounds, the members of our elected representatives have done NOTHING about stopping this scam and saving our lives.

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