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Bernie Sanders questions drug price spike

This is a case where the government should have the power to come in and simply manufacture the drug at cost and put this asshole out of business.

I wouldn't take a chance with my life by ingesting manufactured medicine made by our government. Thats dangerous.

Would you eat uninspected meat off the shelf in your grocery store? Would you buy canned goods without the ingredients on the label? Would you drink unpasteurized milk?
 
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The Democratic Optinon.... But assholes, WE THE PEOPLE will have to pay for all your FREE SHIT EVENTUALLY!!!!
 
Democratic presidential candidate Bernie Sanders is calling on a drug company to justify a dramatic spike in the price of a 62-year-old drug that was reported Sunday.

One day before rival Hillary Clinton is set to propose a plan to rein in high costs for specialty drugs, Sanders in a letter to Turing Pharmaceuticals demanded an explanation for why the price of a drug used to treat dangerous parasitical infections leapt from $13.50 per tablet to $750 after the company acquired the drug from a competitor.


The price hike followed the sale of the drug, Daraprim, to Turing in August for $55 million, the New York Times reported.

“The enormous, overnight price increase for Daraprim is just the latest in a long list of skyrocketing price increases for certain critical medications,” wrote Sanders and Rep. Elijah Cummings, who are investigating sudden jumps in the costs of older, generic medicines.


Read more: Bernie Sanders questions drug price spike
That is a heck of a jump.
Martin Shkreli: Entrepreneur defends decision to raise price of life-saving drug 50-fold

This is capitalism. The owner makes a good point: if he is to innovate improvements in this drug someone needs to pay for it. Nobody has to buy the drug (there are alternative treatments) and if he doesnt sell any he will have to lower the price.
In any case this is irrelevant. The price increase was cancelled.
TB drug price cut—but still twice original cost
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.
Wow mere assertion followed by sweeping generalization. Yes this one incident over a minor drug represents the entire pharm industry. How stupid are you, yet again?
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.

All of which has nothing at all to do with this 60 year old drug. Even your argument over patent law is weak, your canard "we need money for research" is pretty good shit but only good for fertilizing my lawn. These people need the money for CEO compensation, stockholder payments, board of director pay, new business jets and new buildings which may produce some research and at some point they'll announce a new drug based on federally funded research and development anyway.
 
Democratic presidential candidate Bernie Sanders is calling on a drug company to justify a dramatic spike in the price of a 62-year-old drug that was reported Sunday.

One day before rival Hillary Clinton is set to propose a plan to rein in high costs for specialty drugs, Sanders in a letter to Turing Pharmaceuticals demanded an explanation for why the price of a drug used to treat dangerous parasitical infections leapt from $13.50 per tablet to $750 after the company acquired the drug from a competitor.


The price hike followed the sale of the drug, Daraprim, to Turing in August for $55 million, the New York Times reported.

“The enormous, overnight price increase for Daraprim is just the latest in a long list of skyrocketing price increases for certain critical medications,” wrote Sanders and Rep. Elijah Cummings, who are investigating sudden jumps in the costs of older, generic medicines.


Read more: Bernie Sanders questions drug price spike
That is a heck of a jump.
Martin Shkreli: Entrepreneur defends decision to raise price of life-saving drug 50-fold

This is capitalism. The owner makes a good point: if he is to innovate improvements in this drug someone needs to pay for it. Nobody has to buy the drug (there are alternative treatments) and if he doesnt sell any he will have to lower the price.
In any case this is irrelevant. The price increase was cancelled.
TB drug price cut—but still twice original cost
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.

Capitalism works as long as the government stays out of it. The market tends to set the price. Supply and demand. If the price is too high...and other treatments are available, the price will eventually go down. If the government steps in and tries to interfer with regulations, fines, or government subsidies to offset costs...companies go out of business.....which drives the price up more due to lack of competition.
 
Democratic presidential candidate Bernie Sanders is calling on a drug company to justify a dramatic spike in the price of a 62-year-old drug that was reported Sunday.

One day before rival Hillary Clinton is set to propose a plan to rein in high costs for specialty drugs, Sanders in a letter to Turing Pharmaceuticals demanded an explanation for why the price of a drug used to treat dangerous parasitical infections leapt from $13.50 per tablet to $750 after the company acquired the drug from a competitor.


The price hike followed the sale of the drug, Daraprim, to Turing in August for $55 million, the New York Times reported.

“The enormous, overnight price increase for Daraprim is just the latest in a long list of skyrocketing price increases for certain critical medications,” wrote Sanders and Rep. Elijah Cummings, who are investigating sudden jumps in the costs of older, generic medicines.


Read more: Bernie Sanders questions drug price spike
That is a heck of a jump.
Martin Shkreli: Entrepreneur defends decision to raise price of life-saving drug 50-fold

This is capitalism. The owner makes a good point: if he is to innovate improvements in this drug someone needs to pay for it. Nobody has to buy the drug (there are alternative treatments) and if he doesnt sell any he will have to lower the price.
In any case this is irrelevant. The price increase was cancelled.
TB drug price cut—but still twice original cost
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.

Capitalism works as long as the government stays out of it. The market tends to set the price. Supply and demand. If the price is too high...and other treatments are available, the price will eventually go down. If the government steps in and tries to interfer with regulations, fines, or government subsidies to offset costs...companies go out of business.....which drives the price up more due to lack of competition.

Blah, Blah, Blah. We need to drop the non-negotiating clause of Medicare Part D and let capitalism work. This drug is $2.00 a pill in Canada.
 
Martin Shkreli: Entrepreneur defends decision to raise price of life-saving drug 50-fold

This is capitalism. The owner makes a good point: if he is to innovate improvements in this drug someone needs to pay for it. Nobody has to buy the drug (there are alternative treatments) and if he doesnt sell any he will have to lower the price.
In any case this is irrelevant. The price increase was cancelled.
TB drug price cut—but still twice original cost
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.
Wow mere assertion followed by sweeping generalization. Yes this one incident over a minor drug represents the entire pharm industry. How stupid are you, yet again?
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
 
This is a case where the government should have the power to come in and simply manufacture the drug at cost and put this asshole out of business.

I wouldn't take a chance with my life by ingesting manufactured medicine made by our government. Thats dangerous.
And you'd rather trust for profit drug producers that have a history of putting out unsafe drugs? LOL.
They do not have a history of putting out unsafe drugs,moron.
And every one of those drugs was approved by the government. Duh.
You are really one of the stupidest morons on this board.
 
Democratic presidential candidate Bernie Sanders is calling on a drug company to justify a dramatic spike in the price of a 62-year-old drug that was reported Sunday.

One day before rival Hillary Clinton is set to propose a plan to rein in high costs for specialty drugs, Sanders in a letter to Turing Pharmaceuticals demanded an explanation for why the price of a drug used to treat dangerous parasitical infections leapt from $13.50 per tablet to $750 after the company acquired the drug from a competitor.


The price hike followed the sale of the drug, Daraprim, to Turing in August for $55 million, the New York Times reported.

“The enormous, overnight price increase for Daraprim is just the latest in a long list of skyrocketing price increases for certain critical medications,” wrote Sanders and Rep. Elijah Cummings, who are investigating sudden jumps in the costs of older, generic medicines.


Read more: Bernie Sanders questions drug price spike
That is a heck of a jump.
Martin Shkreli: Entrepreneur defends decision to raise price of life-saving drug 50-fold

This is capitalism. The owner makes a good point: if he is to innovate improvements in this drug someone needs to pay for it. Nobody has to buy the drug (there are alternative treatments) and if he doesnt sell any he will have to lower the price.
In any case this is irrelevant. The price increase was cancelled.
TB drug price cut—but still twice original cost
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.

Capitalism works as long as the government stays out of it. The market tends to set the price. Supply and demand. If the price is too high...and other treatments are available, the price will eventually go down. If the government steps in and tries to interfer with regulations, fines, or government subsidies to offset costs...companies go out of business.....which drives the price up more due to lack of competition.

Total nonsense.
 
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.
Wow mere assertion followed by sweeping generalization. Yes this one incident over a minor drug represents the entire pharm industry. How stupid are you, yet again?
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.

Unbelievable crap your throwing out there France, Germany, Japan, Switzerland, UK, all have huge pharmaceutical development labs and in fact own many U.S. firms. Canada has consistent lower drug prices and the U.S. has nothing at all do to with subsiding them.
 
Democratic presidential candidate Bernie Sanders is calling on a drug company to justify a dramatic spike in the price of a 62-year-old drug that was reported Sunday.

One day before rival Hillary Clinton is set to propose a plan to rein in high costs for specialty drugs, Sanders in a letter to Turing Pharmaceuticals demanded an explanation for why the price of a drug used to treat dangerous parasitical infections leapt from $13.50 per tablet to $750 after the company acquired the drug from a competitor.


The price hike followed the sale of the drug, Daraprim, to Turing in August for $55 million, the New York Times reported.

“The enormous, overnight price increase for Daraprim is just the latest in a long list of skyrocketing price increases for certain critical medications,” wrote Sanders and Rep. Elijah Cummings, who are investigating sudden jumps in the costs of older, generic medicines.


Read more: Bernie Sanders questions drug price spike
That is a heck of a jump.
Martin Shkreli: Entrepreneur defends decision to raise price of life-saving drug 50-fold

This is capitalism. The owner makes a good point: if he is to innovate improvements in this drug someone needs to pay for it. Nobody has to buy the drug (there are alternative treatments) and if he doesnt sell any he will have to lower the price.
In any case this is irrelevant. The price increase was cancelled.
TB drug price cut—but still twice original cost
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.
Wow mere assertion followed by sweeping generalization. Yes this one incident over a minor drug represents the entire pharm industry. How stupid are you, yet again?
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.

The new owner of this drug has NOTHING invested in its development.
 
WOWWWWWWWW. Yeah, you're right, this is capitalism, a shitty system when left unregulated. There is no possible way to justify increasing a price 50 fold, and most of these innovations are simply minor changes, pharmaceutical industry is broken and corrupt.
Wow mere assertion followed by sweeping generalization. Yes this one incident over a minor drug represents the entire pharm industry. How stupid are you, yet again?
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
Wow, you really are stupid.
 
Wow mere assertion followed by sweeping generalization. Yes this one incident over a minor drug represents the entire pharm industry. How stupid are you, yet again?
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
Wow, you really are stupid.
Your surrender on this topic is noted and accepted. Go school yourself on the pharm industry, kid. Then come back and talk to me.
 
Not just a mere assertion, you need to research the pharmaceutical industry more. Explain why virtually all new drugs are simply minor changes of existing drugs.
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
Wow, you really are stupid.
Your surrender on this topic is noted and accepted. Go school yourself on the pharm industry, kid. Then come back and talk to me.
You've already been schooled, other countries have cheaper drugs, the guy who just obtained this drug and rose the price is a greedy pig who knows it isn't for research.
 
It isnt true, for starters.
Second, where new drugs are minor changes the reasons have to do with patent laws, which limit the recapture time companies have on their drugs.
As usual the culprit is government. First, a number of years ago they reduced patent times from 7 years to 5 years, supposedly to "help" consumers. Of course that reduced the ability of companies to pay for the R&D etc that went into the drugs so costs soared for those first 5 years.
Next the cost to get a drug to market is about $1B, thanks to extensive gov't red tape and redundent testing requirements.
So high cost to develip coupled with shorter times to recoup those costs have resulted in higher prices to consumers.
You are welcome for this lesson in pharm economics. Now go kill yourself.
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
Wow, you really are stupid.
Your surrender on this topic is noted and accepted. Go school yourself on the pharm industry, kid. Then come back and talk to me.
You've already been schooled, other countries have cheaper drugs, the guy who just obtained this drug and rose the price is a greedy pig who knows it isn't for research.
I already explained why that is, dolt.
The guy is correct. In any case it's his property and he can price it how he wants. A nd in any case it's a moot point.
You've been pwned here, s0n. Go away.
 
It's not true? Really? Explain why other countries keep drug prices low and have thriving drug development. The government needs to take over drug research, not for profit companies that will take a drug and rise the price 50X the normal amount when it's a drug that saves people's lives.. LOL. They've already done the math, this "research" is largely bullshit, big pharma has you by the hook.
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
Wow, you really are stupid.
Your surrender on this topic is noted and accepted. Go school yourself on the pharm industry, kid. Then come back and talk to me.
You've already been schooled, other countries have cheaper drugs, the guy who just obtained this drug and rose the price is a greedy pig who knows it isn't for research.
I already explained why that is, dolt.
The guy is correct. In any case it's his property and he can price it how he wants. A nd in any case it's a moot point.
You've been pwned here, s0n. Go away.

Respectfully calling bullshit on your argument again. When Medicare Part D was negotiated it was big pharma, the United States Senate and George W. Bush who agreed that negotiating for drug prices was not going to happen. In effect assuring that you, me, and the rest of the population of the United States would pay the full tab for R&D forever and ever.
 
This is why unregulated capitalism is evil.
Tyranny, that's the answer!

We should force these companies to NEVER make a profit!!

and when they go out of business, well the GOVERNMENT can take over!!

You should try listening to the Pope for a change. It's much better than always viewing every national position as the human secondary position of importance before profit.
 
This is a very simple straightforward case of price gouging and unless you are pro-price gouging, especially in the case of a lifesaving commodity,

you can't possibly justify endorsing this guy's actions.
 
Other countries do not have thriving drug development, moron. Prices are lower because drug companies count on US consumers subsidizing foreign consumers.
Yes, letting the gov't take over private industry and run it has been a winning formula. Ask how that's going in Venezuela.
Dunce.
Wow, you really are stupid.
Your surrender on this topic is noted and accepted. Go school yourself on the pharm industry, kid. Then come back and talk to me.
You've already been schooled, other countries have cheaper drugs, the guy who just obtained this drug and rose the price is a greedy pig who knows it isn't for research.
I already explained why that is, dolt.
The guy is correct. In any case it's his property and he can price it how he wants. A nd in any case it's a moot point.
You've been pwned here, s0n. Go away.

Respectfully calling bullshit on your argument again. When Medicare Part D was negotiated it was big pharma, the United States Senate and George W. Bush who agreed that negotiating for drug prices was not going to happen. In effect assuring that you, me, and the rest of the population of the United States would pay the full tab for R&D forever and ever.
You understand what you wrote does not in any way refute or invalidate what I wrote, right?
 

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