Bernie Sanders questions drug price spike

[guno]

yea its bleed them till they die......nice..real nice...people should not have to choose between meds and food or rent....greatest country in the world my ass

Yep the American dream, cause you gotta be a sleep to believe it!

 

[Preacher]

Capitalists are fucking nuts this thread proves it. Rather people die than have government control how much shit costs.

 

[guno]

Thanks obamacare. Yeah, we've really gone downhill in the last 10 years.

typical fecal covered christer ,Obama care had nothing to do with his greed

 

[NYcarbineer]

Breaking news,

the soulless gouger appears to be caving on the price. Sad day for you, you little weasel.

 

[NYcarbineer]

The pills cost a dollar a piece to produce, btw.

 

[waltky]

His daddy musta made him CEO...

Company Will Lower Drug Price After Critics Called 4,000% Hike 'Unjustifiable'
The CEO of a pharmaceutical company, which increased the price of a drug used for parasite infections by more than 4,000 percent, said the company would substantially lower the price.

Martin Shkreli, the CEO of Turing Pharmaceuticals, told ABC News they will lower the price days after making headlines and getting complaints from medical groups and others online. “We’ve agreed to lower the price on Daraprim to a point that is more affordable and is able to allow the company to make a profit, but a very small profit,” he told ABC News. “We think these changes will be welcomed.”

The drug called Daraprim is used to treat parasitic infections that most often occur in those with compromised immune systems due to cancer treatments or HIV infection, and it was sold for $18 per tablet before production rights were acquired by Turing Pharmaceuticals. The company is currently selling the medication for $750 per tablet -- an increase of more than 4,000 percent. Shkreli and Turing Pharmaceuticals made headlines this week due to the price increase leading to medical groups and others online complaining the company was making money on patients who need the medication.

In a statement released before Shkreli's announcement, the company said that it is aiming to create new medications to treat the disease in an effort to reduce side effects and that the higher price will help subsidize costs for developing new drugs. "There have been no significant advances or research into this disease area in decades," the company said in a statement. "For toxoplasmosis and other critical, under-treated diseases, the status quo is not an option. Turing hopes to change that by targeting investments that both improve on the current formulation and seek to develop new therapeutics with better clinical profiles that we hope will help eradicate the disease."

Company Will Lower Drug Price After Critics Called 4,000% Hike 'Unjustifiable'

The company also said that it would work with hospitals or patients on a case-by-case basis so that everyone can afford the medication. For privately insured patients, it said it would create a co-pay assistance program.In an interview with ABC News today Shkreli defended his company’s actions. “I think they have a fundamental misunderstanding of the way pharmaceutical companies operate,” he told ABC News of critics. “At this price, Daraprim is not a substantially profitable drug.”

Prior to Shkreli’s announcement, medical groups wrote to the company expressing their worries with the current price. The Infectious Diseases Society of America and the HIV Medicine Association released a joint statement earlier this week calling the prices "unjustifiable.” "Pyrimethamine (Daraprim) is currently part of the recommended first line treatment regimen for toxoplasmosis inHIV-infected patients and is a critical component of most of the alternative regimens," the groups said in the statement. "This cost is unjustifiable for the medically vulnerable patient population in need of this medication and unsustainable for the health care system."

Dr. William Schaffner, an infectious disease expert at Vanderbilt University Medical Center, said the disease can be acquired from cats and most often leads to symptoms in immunocompromised patients or pregnant women. It's a relatively rare disease that can be hard to treat and can cause swelling in the brain, he explained. "It's different than average bacterial infection. It requires more prolonged therapy, in part because it's a parasite and they're harder to treat," Schaffner said. "Their bodies can't fight off this infection. We treat longer ... about 3 or 4 weeks." Before Shkeil announced the company would lower the price, Schaffner said he was concerned doctors would look to use other drugs for treatment before starting Daraprim.

Company Will Lower Drug Price After Critics Called 4,000% Hike 'Unjustifiable'

 

[Remodeling Maidiac]

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.

Every single person I've talked to about this has stated the same thing.

Congratulations Bernie for being like the average American for once

 

[Remodeling Maidiac]

yea its bleed them till they die......nice..real nice...people should not have to choose between meds and food or rent....greatest country in the world my ass

Delta is ready when you are, asshole.

Tell me again how illegal Mexican labor is good for America.....

Dumbass

 

[Two Thumbs]

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!!

Nice meltdown. I'll put you in the running for meltdown of the week.

wut

I agree with you and you mad bro?

I mean I was just being honest about what you wanted. Just b/c you're not man enough to call it tyranny doesn't mean it's not.

 

[Two Thumbs]

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.

The pope is awesome isn't he?

I mean, as long as he agrees with your idiocy.

company makes more money, it can;
hire more people
sell other products for less
pass the profit to it's investors, who reinvest (profit for the company)
expand and hire more people
use the income to make improve current products.

but no, fuck making money, that's evul.

 

[NYcarbineer]

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!!

Nice meltdown. I'll put you in the running for meltdown of the week.

wut

I agree with you and you mad bro?

I mean I was just being honest about what you wanted. Just b/c you're not man enough to call it tyranny doesn't mean it's not.

You lied about what I wanted in a classic strawman absurdity of a meltdown.

 

[Two Thumbs]

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!!

Nice meltdown. I'll put you in the running for meltdown of the week.

wut

I agree with you and you mad bro?

I mean I was just being honest about what you wanted. Just b/c you're not man enough to call it tyranny doesn't mean it's not.

You lied about what I wanted in a classic strawman absurdity of a meltdown.

so you are saying you don't want vast government control of our society?

Since
Fucking
When

 

[occupied]

The CEO of this company is a poster-boy for everything wrong with American capitalism. Anyone who supports his actions would support price gouging under any circumstances.

 

[g5000]

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

The owner makes a completely bogus point. The drug has already been developed for 62 years.

If he comes up with a better drug, then he can charge $750 for the new drug.

The guy is a creep.

 

[g5000]

This hedge fund creep is the same guy that tried to get the FDA to disapprove drugs from companies he was shorting.