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Following Public Fury, Jim Cramer-Trained CEO Who Raised Price Of Drug By 5000%, Agrees To Lower The Price

Tyler Durden's picture




 

It took just a few days, and becoming America's most hated man in the process, for Turing Pharma CEO Martin Shkreli to fold.

The 32 year old "hedge fund manager", who started his career on Wall Street working under Jim Cramer, and who subsequently ended up owing now-defunct Lehman Brothers $2.3 million for a Put option gone bad (only to see Lehman collapse before the now defunct bank could collect), was the object of nationwide scorn, derision and outrage after a NYT profile of his decision to boost the price of a drug by over 5000%. Even Hillary Clinton got involved in the public outrage, first tweeting and then making it a matter of her public policy how as a result of his actions she would implement a $250 price cap on drugs to prevent such price gouging.  Earlier today, the Taiwanese Animators took "Big Pharma Douchebag" Shkreli to task with the following clip:

 

Not surprisingly, following the biggest plunge in biotech stocks in 2015 - many have speculated that the real goal of Shkreli's actions was to profit by shorting the biotech sector ahead of the selling which his action would have unleashed - and an epic public outcry against the diminutive "hedge fund" manager (his prior company Retrophin recently filed a federal lawsuit against Shkreli alleging that he created the biotech and took it public solely to provide stock to MSMB investors when his hedge fund became insolvent; the suit seeks $65 million in damages) NBC reported moments ago that "the pharmaceutical company boss under fire for increasing the price of the drug Daraprim by more than 5,000 percent said Tuesday he will lower the cost of the life-saving medication."

Martin Shkreli did not say what the new price would be, but expected a determination to be made over the next few weeks.

 

He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.

 

Turing Pharmaceuticals of New York bought the drug from Impax Laboratories in August for $55 million and raised the price. Shkreli said Tuesday the price would be lowered to allow the company to break even or make a smaller profit.

He added that his action was "absolutely a reaction — there were mistakes made with respect to helping people understand why we took this action, I think that it makes sense to lower the price in response to the anger that was felt by people." One would not have gotten that impression from reading his tweets over the past 4 days.

In a phone interview with NBC Shkreli said the money from the increase would be used to develop better treatment for toxoplasmosis that have fewer side effects. "It's very easy to see a large drug price increase and say 'Gosh, those people must be gouging.' But when you find out that the company is not really making any money, what does that mean?"

Well, it means it is like 90% of "eyeball" and "biotech" companies out there, that's what it means.

His conclusion: "I think in the society we live in today it's easy to want to villainize people, and obviously we're in an election cycle where this is very, very tough topic for people and it's very sensitive. And I understand the outrage," Shkreli said.

It's even easier to villainize those who deserve it.

But now that Shkreli's 15 minutes of fame are over and his Twitter profile is now in "private" mode (we doubt the SEC will investigate his shorting activity of biotech indices - we are confident the young "hedge funder" will have bigger headaches to deal with soon enough) the attention should shift to the real villains - those truly big pharma companies, who do what Shkreli did but on a far vaster and grander, if less obvious, scale taking advantage of the price cushioning effects that Obamacare provides.

We also are curious to see how Hillary's populist outrage at Shkreli will be explained when the public realizes that it is only thanks to the benefits of socialized insurance programs such as Obamacare, of which Hillary is a staunch supporter, that such price gouging was possible in the first place.

 

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Tue, 09/22/2015 - 20:06 | 6581862 Tim Knight from...
Tim Knight from Slope of Hope's picture

Everything I've read about this guy seems to make clear he's pretty much earth's biggest douchnozzle, bar none.

Tue, 09/22/2015 - 20:14 | 6581883 Skateboarder
Skateboarder's picture

Some people are born with doucheface, and it's a self-fulfilling prophecy. The name sounds like "Shrek" and looks like one too.

These Taiwanese gents or ladies, whoever made the video, are putting our own MSM douchespigots to shame. Kudos!

Tue, 09/22/2015 - 20:21 | 6581915 insanelysane
insanelysane's picture

Then there is this gem:

"Drug boss Martin Shkreli, 32, also allegedly gained access to social media accounts belonging to that ex-employee, and contacted him and his relatives directly, including his teenage son and wife, as he accused the worker of defrauding Shkreli's then-pharma company, Retrophin.

"Your husband had stolen $1.6 million from me and I will get it back. I will go to any length necessary to get it back," Shkreli allegedly wrote the wife of former Retrophin employee Timothy Pierotti in a January 2013 letter, according to court documents. 

"Your pathetic excuse of a husband needs to get a real job that does not depend on fraud to succeed ... I hope to see you and your four children homeless and will do whatever I can to assure this," Shkreli allegedly wrote."

Tue, 09/22/2015 - 20:27 | 6581930 Freddie
Freddie's picture

Someone needs to meet this douchebag on a dark street or his office and take a bat to his knees.   Trained by Cramer.

Tue, 09/22/2015 - 20:44 | 6582005 duo
duo's picture

Thinking terminal cancer patient.....don't stop at the knees.

Tue, 09/22/2015 - 21:02 | 6582097 Richard Chesler
Richard Chesler's picture

Public fury would be much better appeased be hanging both of these mutherfuckers by the balls during a Grammy event. Gaga could write a whole new song about investor's rape.

 

 

Tue, 09/22/2015 - 21:07 | 6582123 Manthong
Manthong's picture

Has he started shaving yet?

Tue, 09/22/2015 - 21:33 | 6582216 ILLILLILLI
ILLILLILLI's picture

He needs some Vitamin Pb...applied two to the chest and one to the head.

Tue, 09/22/2015 - 21:43 | 6582260 BuddyEffed
BuddyEffed's picture

Gotta come over the top on this douchewad with something extraordinare.

I fart in his "specific" direction.

Tue, 09/22/2015 - 22:37 | 6582458 mtndds
mtndds's picture

This phucking guy looks like a tool.

Tue, 09/22/2015 - 23:27 | 6582580 NoDebt
NoDebt's picture

The natural backlash against this reprehenisble person is obvious:

We should petition the government to stop people like this!  We need protection against such people!

And the statist train rolls forward.

USE.  YOUR.  FUCKING.  BRAIN.

If this guy isn't an outright patsy he's definitely on the statist payroll.  Exactly the reaction that he was paid for.

 

Tue, 09/22/2015 - 23:58 | 6582635 Richard Chesler
Richard Chesler's picture

Too bad the scumbags can't be uncircumsiced for the next holocoust round.

 

 

Wed, 09/23/2015 - 00:13 | 6582659 quintago
quintago's picture

My money is on the other pharma and biotech companies telling him to back down or die.

Wed, 09/23/2015 - 00:38 | 6582694 Keyser
Keyser's picture

Some people deserve the nail gun and some deserve to be skinned alive... I vote for the later for this numpty... Nothing like gouging the hell out of the sick for profits... 

Wed, 09/23/2015 - 07:08 | 6582999 TongueStun
TongueStun's picture

When someone shoots fucks like this in the head and a jury lets them off, things might change in America. Until then Buckle Up

Wed, 09/23/2015 - 10:16 | 6583572 Omen IV
Omen IV's picture

he is actually  a good thing

 

Obama's TTP allows Pharma to extend patents worldwide for 50 years - and unlimted restraint on pricing - by eliminating Country based single payer programs to negotiate with Pharma for an entire country

 

this will destroy the logic of TTP -  easy way of showing effect with cartoons for the general public

Tue, 09/22/2015 - 21:59 | 6582324 Main_Sequence
Main_Sequence's picture

More like "has his balls dropped yet?"  

This guy is the pinnacle of douchebaggery beyond any shadow of a doubt, and is everything that is wrong in our country.

Sadly though, this mentality is everywhere in the corporate world.

Fucking scum.

Wed, 09/23/2015 - 04:04 | 6582858 goldsansstandard
goldsansstandard's picture

Isn't this stuff generic.
It should not take long for some competition to come in if he kept the price high.

Perhaps The FDA could be converted to an organization that did not force its thinking onto the sick. Then the sick and the doctors could chose the vendors they desire, instead of vendor status being heavily regulated, greatly increasing barriers to competition, especially in low volume drugs..He did a public service by demonstrating the insanity of the medical welfare system along with the regulatory system, both fascist enterprises.

I take a drug for digestion after gall bladder removal. It used to be over the counter, costing thirty dollars a month.
Then some smart Pharma guy convinced the FDA that the generic stuff was not consistent enough. He would make it consistent and strictly within the FDA regulatory structure.

Now it costs 2700 bennies a month.
Seeing as I am blind and doing my part to bankrupt the system, .gov picks the whole tab.
Thats over thirty housand a year just for one person and one drug.
Zeeesch

Tue, 09/22/2015 - 21:16 | 6582158 ebworthen
ebworthen's picture

Hear, hear!  I'd bet that douchebag called the Hitlary campaign headquarters today and said:

"Okay, how much does she want for her campaign?  I've got the checkbook out! 

Tue, 09/22/2015 - 23:22 | 6582573 NoDebt
NoDebt's picture

I don't know how many are going to get the depth of truth in that comment, but you're absolutely right.  

Wed, 09/23/2015 - 09:02 | 6583221 FireBrander
FireBrander's picture

Hang the author too..."Obamacare, of which Hillary is a staunch supporter, that such price gouging was possible in the first place."

Bull fucken shit....how selective of you...Medicare play any role in drug price gouging?...where's the "repeal Medicare" charge from the NUTJOB Right?

Does the VA Hospital system play any role, free drugs for Vets, in the outragous price of drugs?  The VA Sytem is 100% PURE SOCIALIZED MEDICINE...where is the "REPEAL" charge for that...hmmm.

Does the Private Sector play any role in the outragous price of drugs?..."lobbying FOR OBAMACARE"...for "MORE MEDICARE FUNDING"...MORE, MORE, MORE, public money into the "Health Industry".

If you think the problem here is "ObamaCare"...you're a clueless fucking moron...it's like looking at a decapitated body, noticing a paper cut on the hand, and saying the patient died from the paper cut.

Wed, 09/23/2015 - 11:39 | 6583980 HopefulCynical
HopefulCynical's picture

...where's the "repeal Medicare" charge from the NUTJOB Right?

A journey of a thousand miles begins with a single step. Since CommieBamaCare is the newest of the 'progressive' parasitic schemes foisted on us, it should be the first one to get shitcanned.

Actually, if you simply make Congress and all Federal employees use the EXACT SAME health care and retirement systems the general public uses, this shit sorts itself out in about 15 minutes, and that's including a smoke break.

Straight. Up. Fact.

Wed, 09/23/2015 - 12:36 | 6584255 FireBrander
FireBrander's picture

"it should be the first one to get shitcanned"

Bullshit. If you're "philosophically" opposed to something, you're opposed to it in all forms...ABSOLUTELY NO TALK of repealing Medicare or the VA...exact opposite..Right is promising more funding!

Uber Rightwing JOni Earnst says of Socialised Medicine (in the case of the VA) "provides good care...it just needs more money to improve access time"...

If you think "Repeal the VA" and "Repeal Medicare" are on deck after "Repeal ObamaCare"...well sir, you're f'n crazy.

Tue, 09/22/2015 - 21:55 | 6582304 ClassicalLib17
ClassicalLib17's picture

Freddie,  have you read "Unintended Consequences" by John Ross?  I downloaded a free pdf on, I think, Western Rifle Association.  I sat at my computer for several days until I finished.  It was a very compelling story.  I don't work anymore so I am afforded, probably temporarily, the luxury of reading from dawn til dusk, if I so desire.  Please do give it a look.

Wed, 09/23/2015 - 05:42 | 6582910 OldPhart
OldPhart's picture

A bat?

I thought these assholes used nailguns.

He needs a number of sixteen penny nails driven into his skull.

How many?

42.  The answer is always 42.

Wed, 09/23/2015 - 06:21 | 6582946 Winston Churchill
Winston Churchill's picture

Railway sleeper spikes would be better.

Tue, 09/22/2015 - 21:54 | 6582301 klayton biggs bee
klayton biggs bee's picture

Shkreli=cheesepope.........nuff said

Wed, 09/23/2015 - 07:10 | 6583002 Kiwi Pete
Kiwi Pete's picture

Maybe even a buttpope.

 

Urban Dictionary: buttpope www.urbandictionary.com/define.php?term=buttpope
 

Owner of all the asses king of all rectums, holder of the keys to all anus. Also see semperfi.

Wed, 09/23/2015 - 06:35 | 6582957 Grumbleduke
Grumbleduke's picture

you may like the noagendashow. Give it a try, three of four times

Tue, 09/22/2015 - 20:19 | 6581905 Everyman
Everyman's picture

WOW.  This guy looks like a completely arrogant "special person".  Shit bag not worth a bag of spent fuck.

Tue, 09/22/2015 - 20:21 | 6581914 johnnymustardseed
johnnymustardseed's picture

Hope Karma fucks this guy real hard

Tue, 09/22/2015 - 20:28 | 6581936 Freddie
Freddie's picture

Amen brother.

 

Tue, 09/22/2015 - 20:29 | 6581938 Skateboarder
Skateboarder's picture

This guy is another variation of "dindu nuffin."

"Whatchu lookin at me for? This is the right price for the drug. I dindu nuffin..."

One can only wish that the hoodlum variety of dindu nuffins would play their knockout game on better-suited receipients as this fine dickwad right here.

Tue, 09/22/2015 - 21:51 | 6582287 bid the soldier...
bid the soldiers shoot's picture

Where is Dindu Nuffin?  I miss him.

 

ABRAHAM, MARTIN AND DINDU


Anybody here seen my old friend Dindu?

Can you tell me where he's gone?

Wed, 09/23/2015 - 05:44 | 6582918 OldPhart
OldPhart's picture

For the unwashed who have no reference to Bid the Soldier's reference....

https://www.youtube.com/watch?v=nbnaaz75M4g

 

Tue, 09/22/2015 - 21:06 | 6582122 newbie vampire
newbie vampire's picture

"This guy looks like a completely arrogant "special person"."

Typical WS wannabe with arrogance to match.  We should make an effort to make him "immortal" so wherever he is, he will be known for what he did.

Wed, 09/23/2015 - 09:12 | 6583229 FireBrander
FireBrander's picture

"WOW.  This guy looks like a completely arrogant "special person".  Shit bag not worth a bag of spent fuck."

Place your bets:

Martin Shkreli is:

A. Democrat

B. Republican

~~~~~~~~~~

A. "Free Market" Capitalist

B. Liberal Socialist

~~~~~~~~~~

A. Pro Regulation

B. Anti Regulation

~~~~~~~~~~~

A. Trump Supporter

B. Hillary Supporter

~~~~~~~~~~

What is wrong with charging $750 for a drug if the market will pay that price?

So what if those that can't pay eventually die...they should have "Planned Better".

At $750 a pill, won't the CEO eventually see that's damaging to the "Long Term" health of the company, realize his/her error, and reprice the drug back to some lower level?

If we try it, the "Free Market" will eventually work! As long I'm not the one dead due to being unable to afford the drug, I say let the "Free Market" run it's course.

 

Wed, 09/23/2015 - 11:41 | 6583986 Everyman
Everyman's picture

false narrative and framing of your question.  The answer is not "red team" or "blue team".  So you, like the political parties only allow us an OCD Borderline Personality disorder schizophrenia choice.

"Free Market"??  We do not have capitalism or free markets in the United States.  It is an inside deal all the way and both praties pay the winners.

I don't buy it.  As I said, he is a shit bag and a "special person".  Who the hell cares about his fucking political leanings and what has that got to do with being a shit bag or a douchenozzle????

Tue, 09/22/2015 - 20:30 | 6581948 Jumbotron
Jumbotron's picture

This cocksucker sociopath is being sued by HIS FORMER COMPANY THAT HE FORMED for 65 million dollars for fraud.

After he harrassed a former employee that HE said was the fraudster, the employee's lawyer said....."Let's take a look at all your computers you sent those incriminating texts and messages.  And by the way.....hand over all your data concerning YOUR fraud.

Douchnozzle IMMEDIATELY dropped his suit and then got served by HIS OWN COMPANY FOR FRAUD.

And what was the fraud for ?     FOR USING COMPANY FUNDS TO PAY OFF INVESTORS OF HIS CUTE LITTLE HEDGE FUND THAT HE BLEW UP  !!!

 

THIS FUCKER NEEDS TO WALK THE PERP WALK IN CHAINS IN FRONT OF TIMES SQUARE !

AND ONE MORE TIME.....I PERSONALLY CALL FOR ANY AND ALL HACKERS TO HACK EVERY ACCOUNT THIS FUCKER HAS AND DESTROY HIM !!     WIKI LEAKS....ANONYMOUS......EVERYONE  !!

Tue, 09/22/2015 - 20:33 | 6581960 Jumbotron
Jumbotron's picture

Here is cock sucker's infamous CNBC interview yesterday that made me lose it in a way I haven't lost it in YEARS....

https://www.youtube.com/watch?v=lrcj_4_k0Vc

Hollywood could not come up with a better douchbag motherfucker than this waste of sperm.

Tue, 09/22/2015 - 21:50 | 6582276 Kina
Kina's picture

 

Hollywood could not come up with a better douchbag motherfucker than this waste of sperm.

 

We need to see a lot more like this guy, doing what he is doing. It is the only thing that will get people riled enough to wake up and force change.  

In fact this guys is so bad makes you wonder if it is a plant.

 

Kinda reminds of those grug pusher movies.

Give the people the drug, cheap, get them all using it, relying on it, then raise the price when they have no alternative but to pay.

Wed, 09/23/2015 - 00:35 | 6582685 Max Cynical
Max Cynical's picture

Guaranteed he doesn't have a research department and will never develop a drug of his own.

It looks like he put most of his own money in to buy the rights to Daraprim. Just like any other hedge fund investment, he's probably bleeding the company to pay himself back (with a hefty return), hence his claims the company isn't profitable.

In an uncommon move, Shkreli himself led the Series A financing, and Turing isn't naming any of its other backers, calling them "preeminent institutional equity investors" and leaving it at that. In a filing with the SEC last week, Turing counted 34 individual participants in its funding round but reported raising just $62.7 million. A spokesman for the company declined to explain the $27.3 million difference, and further questions about the company's financials were met with a terse email from Shkreli asking FierceBiotech not to contact Turing again.

Meanwhile, Turing has already committed some of its new cash, this week paying Impax Laboratories ($IPXL) $55 million for the U.S. rights to Daraprim

http://www.fiercebiotech.com/story/shkrelis-turing-pharma-banks-90m-murk...

 

Tue, 09/22/2015 - 21:49 | 6582279 imbrbing
imbrbing's picture

His mom should have swallowed him

Wed, 09/23/2015 - 05:47 | 6582922 OldPhart
OldPhart's picture

His mom should have shit him out the next morning.

Tue, 09/22/2015 - 23:14 | 6582492 tarsubil
tarsubil's picture

Watch Nightcrawler. Hollywood did a pretty good job creating this guy.

https://youtu.be/KLrcME5CVPY

Tue, 09/22/2015 - 20:58 | 6582074 Normalcy Bias
Normalcy Bias's picture

Yes, please ANONYMOUS, go to town on this guy! He certainly has it coming...

Tue, 09/22/2015 - 20:31 | 6581952 Bangin7GramRocks
Bangin7GramRocks's picture

May this cunt be forced to felch a bums asshole!

Tue, 09/22/2015 - 20:35 | 6581969 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Eloquent. I like it.

Tue, 09/22/2015 - 20:45 | 6582014 Implied Violins
Implied Violins's picture

...filled with Wookie juice.

Tue, 09/22/2015 - 20:55 | 6582066 decon
decon's picture

Had to look it up. Disgusting, but a nice use of the verb.

Wed, 09/23/2015 - 05:49 | 6582925 OldPhart
OldPhart's picture

You had to look up Felch?  Didn't you ever insult your friends with the term?  What a dissappointing lowering of standards.

Tue, 09/22/2015 - 21:42 | 6582254 bid the soldier...
bid the soldiers shoot's picture

Now this discussion is getting silly.

Tue, 09/22/2015 - 20:41 | 6581992 LasVegasDave
LasVegasDave's picture

posters who use the word "douchenozzle" should be beaten to a bloody pulp.

Tue, 09/22/2015 - 21:03 | 6582107 Jumbotron
Jumbotron's picture

With a name like LasVegasDave.......   ; )

Tue, 09/22/2015 - 21:49 | 6582285 klayton biggs bee
klayton biggs bee's picture

Nice to see you and Dave out ready to run interference for the tribe!!!!!   Should you be called on.

Tue, 09/22/2015 - 22:14 | 6582378 palmereldritch
palmereldritch's picture

 “Can’t we all just come together with universal derision of this low-life douchenozzle?” ~ Rodney King (paraphrase)

Tue, 09/22/2015 - 22:09 | 6582365 Everyman
Everyman's picture

NO, they used douche nozzle properly in a complete sentence, within proper context.

Tue, 09/22/2015 - 21:02 | 6582100 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Sept. 23rd....really good presentation must watch! https://www.youtube.com/watch?v=HB09F2PdXMw

Wed, 09/23/2015 - 05:52 | 6582929 OldPhart
OldPhart's picture

It's 9/23 and the world hasn't fallen apart..so far.

Tue, 09/22/2015 - 22:44 | 6582475 ceilidh_trail
ceilidh_trail's picture

I got into a twitter fight with this jackass last night to the point I wrote that his posts had to be spoofs, that somebody was using his name as a joke. It really was him! He wrote some really asshole stuff that one would never expect from the head of a legit company. Low and behold, his posts to me are gone- only my responses to him and copies I sent to a fellow ZHer. Small victory over an inferior, but damn, I feel good!

Tue, 09/22/2015 - 22:55 | 6582504 monkeyboy
monkeyboy's picture

What a piece of shit.

 

I don't wish cancer on anyone, but...

 

where's a nailgun when you need one?


Tue, 09/22/2015 - 23:34 | 6582591 NoDebt
NoDebt's picture

<---- Ah, hem.

Wed, 09/23/2015 - 08:44 | 6583186 monkeyboy
monkeyboy's picture

Thank you Sir.

 

 

Wed, 09/23/2015 - 01:52 | 6582774 theblackknight
theblackknight's picture

Tim I signed in to say the exact same thing.

Wed, 09/23/2015 - 02:26 | 6582789 Dugald
Dugald's picture

He would benefit from a prolonged hanging in a dark place.....

Wed, 09/23/2015 - 03:40 | 6582843 August
August's picture

The Greater Good would likely be well served if some public-spirited citizen put a bullet though Mr. CEO-douchenozzle's head.

Sure, the ethics are problematic, but the message is appropriate enough, and whatever community this guy lives in would have one less resident asshole.

Wed, 09/23/2015 - 08:25 | 6583143 JRobby
JRobby's picture

Just another (little) Pig at the trough.

Tue, 09/22/2015 - 20:06 | 6581863 Rigger
Rigger's picture

More guillotine fodder..

Tue, 09/22/2015 - 20:13 | 6581880 countryboy42
countryboy42's picture

I was kinda thinking, archery target.

Tue, 09/22/2015 - 20:46 | 6582018 undertow1141
undertow1141's picture

I was thinking pruning shears and a propane torch. I'm in no hurry.

Tue, 09/22/2015 - 21:03 | 6582104 countryboy42
countryboy42's picture

"Why a spoon, cousin?"

"'Cause it'll 'urt more, you twit!"

Tue, 09/22/2015 - 20:35 | 6581965 813kml
813kml's picture

Lab rat, he already looks the part.

Tue, 09/22/2015 - 20:08 | 6581865 Tim Knight from...
Tim Knight from Slope of Hope's picture

"Gosh"

 

Yeah, that's the word everyone was using, Martin.

Tue, 09/22/2015 - 20:10 | 6581870 nmewn
nmewn's picture

"We also are curious to see how Hillary's populist outrage at Shkreli will be explained when the public realizes that it is only thanks to the benefits of socialized insurance programs such as Obamacare, of which Hillary is a staunch supporter, that such price gouging was possible in the first place."

Gimme Moar!!!...LMAO!

"This bill was written in a tortured way to make sure CBO did not score the mandate >>>as taxes,<<<" he said during a panel discussion at the University of Pennsylvania in October, 2013. "Lack of transparency is a huge political advantage. And basically, call it the 'stupidity of the American voter' or whatever, but basically that was really, really critical to getting the thing to pass.” - Jonathan Gruber

Tue, 09/22/2015 - 20:46 | 6582020 medicalstudent
medicalstudent's picture

i never got the gruber thing

 

isnt it the stupidity of the american LEGISLATOR?

 

the voters never voted for or against the bill

Tue, 09/22/2015 - 20:50 | 6582037 nmewn
nmewn's picture

Basically, he's calling anyone who helped ELECT a legislator who then voted for it...stupid.

Meaning you, the people.

Tue, 09/22/2015 - 20:52 | 6582049 medicalstudent
medicalstudent's picture

if only an option on the ticket was 'anti-incumbent'

 

i might actually vote

Tue, 09/22/2015 - 20:51 | 6582040 Jena
Jena's picture

No but they voted for and then re-voted for the legislators who voted for the bill. That's the stupidity.

Tue, 09/22/2015 - 21:13 | 6582153 newbie vampire
newbie vampire's picture

"the voters never voted for or against the bill"

It is the privilege of your elected Representative to rape, rob and pillage from the taxpayers.  You expect voters to have a say ?

Tue, 09/22/2015 - 20:10 | 6581871 Black Warrior W...
Black Warrior Waterdog's picture

Coward on the way up

Coward on the way down

Tue, 09/22/2015 - 20:15 | 6581886 buzzsaw99
buzzsaw99's picture

i wouldn't piss on his face if it was on fire

Tue, 09/22/2015 - 20:31 | 6581951 Toonces McGraw
Toonces McGraw's picture

I would try to put that fire out with an axe though.

Tue, 09/22/2015 - 20:15 | 6581887 European American
European American's picture

"Life saving Medication"? Sounds like he may need to overdose on it.

Tue, 09/22/2015 - 20:49 | 6582029 medicalstudent
medicalstudent's picture

if you have toxo gondii infection you are going to die regardless of whether it is treated

 

first off, 3 out of 4 people have the bug in their brain as it is

 

it only becomes active if you are so immunocompromised as to be walking dead

 

cure the toxo and the AIDS marches on, this is not a life saving drug as it is being prtrayed

Tue, 09/22/2015 - 20:16 | 6581892 Scooby Dooby Doo
Scooby Dooby Doo's picture

It's rare that I can be the spell/grammer etiquetorian but this threw me and set an unpleasant tone for the entire article so I will point it out.

"owning now-defunct Lehman Brothers $2.3 million ".

Tue, 09/22/2015 - 20:21 | 6581911 j0nx
j0nx's picture

Grammer? As in Kelsey?

Tue, 09/22/2015 - 20:28 | 6581937 Scooby Dooby Doo
Scooby Dooby Doo's picture

Rare as in medium-rare?

http://www.1888goodwin.com/wp-content/uploads/2013/07/dog-bite.jpg

Don't fuck with Scooby!

Wed, 09/23/2015 - 03:14 | 6582822 HowdyDoody
HowdyDoody's picture

The First Law of Grammar Nazi Fite: There will always be a spelling mistake in the response of a Grammar Nazi to a poster making an obvious grammatical error.

The Second Law of Grammar Nazi Fight: No exceptions.

 

Tue, 09/22/2015 - 20:22 | 6581916 Central Bankster
Central Bankster's picture

I had to re-read that statement several times myself.  I think the author was trying to say, this fellow sold puts in LEH, and had $2.3 million worth of stock put to him, when it dropped below his strike price, bankrupting his hedge fund.  But correct me if I am wrong.

Tue, 09/22/2015 - 20:31 | 6581949 Scooby Dooby Doo
Scooby Dooby Doo's picture

It's like tripping on an uneven sidewalk.

"Owing now-defunct Lehman Brothers $2.3 million".

Scribd shows the judgment.

Tue, 09/22/2015 - 23:14 | 6582551 Sanity Bear
Sanity Bear's picture

> grammer etiquetorian

 

Seriously dude, don't even try. Just let it go. 


Tue, 09/22/2015 - 20:16 | 6581894 JimT
JimT's picture

Maggot

Tue, 09/22/2015 - 20:19 | 6581906 roisaber
roisaber's picture

Betchu somebody in government leaned on him, in private. Give you 10:1 odds he never would have backed down of his own accord.

Wed, 09/23/2015 - 00:38 | 6582693 Max Cynical
Max Cynical's picture

He's probably just lying about lowering the price to wait this firestorm out.

Wed, 09/23/2015 - 03:18 | 6582824 HowdyDoody
HowdyDoody's picture

His actions led to a great spotlight of public attention and outrage being pointed at a Chosenite and one of their scams.

Business model: take control of out-of-patent medicine and raise price dramatically, Repeast until beaten to pulp by outraged goys.

 

Tue, 09/22/2015 - 20:19 | 6581907 countryboy42
countryboy42's picture

How much fun would it be to beat this guy to death with his own shoe?

Tue, 09/22/2015 - 21:21 | 6582169 newbie vampire
newbie vampire's picture

"How much fun would it be to beat this guy to death with his own shoe?"

I reckon it would be more fun for him to be beaten to death by really stinky sox.  It would stretch out a lot longer.

Tue, 09/22/2015 - 21:28 | 6582198 countryboy42
countryboy42's picture

If it is a lock in a sock , ok.

I realize that it would be tough for me to do this,as I would rather cowboy stomp this fuckwad, but in the interest of science....

Tue, 09/22/2015 - 20:22 | 6581917 TheAntiProgressive
TheAntiProgressive's picture

Yes and what I want to know is the R&D tax credit or deduction that costs the average American citizen in subsidizing big pharma, then how come big pharma then sells these drugs overseas for less than here in the USA?  Here is the deal, pass a law that states that the American people who help fund development of these "blockbuster" drugs get the best price.  We don't care what they charge overseas but we, the US citizen, get the best price. 

It can be $.01 less but it is always, always less than what is charged to anyone else in this world.  Net, net, net down FOB here too, no spiffs, of volume rebates, freight equalization or any other gimmicks.  We the citizens get the best worldwide price.  This isn't happening here right now.  Now it is what the market will bear, and with the government highly distorting the free market we always, always pay more.  In essence we pay twice.  Tax credits / rebates then higher prices.  Bunch of criminals are "ruling" us and it needs to stop.

Tue, 09/22/2015 - 21:25 | 6582187 newbie vampire
newbie vampire's picture

"In essence we pay twice. "

Americans NEED to pay moar because Big Pharma needs the big profits so they can continue to fund the re-elections of our Representatives.

Wed, 09/23/2015 - 07:12 | 6583008 overmedicatedun...
overmedicatedundersexed's picture

theanti, and others see the problem of .gov and the NWO free trade off shoring policy, this guy is scum, but the system of the rape of america is what makes him able to try another raping - over regulation high cost here in usa and any industry will move off shore unless they have a cash cow - this guy just tried to make a generic drug priced at what the market could bear (create a cash cow) and he got the feed back quick that it was too high (it was)..the once great quality USA pharma industry is being raped, not by greedy CEO's but by your good friends in DC and the reptile elite moving us into chaos of NWO third world living for those of us not in the club.

Tue, 09/22/2015 - 20:25 | 6581920 One And Only
One And Only's picture

Why shouldn't something be worth what someone is willing to pay for it?

Government took over healthcare so who gives a shit if the price $1 or $1,000,000?

Don't forget healthcare costs didn't become unaffordable until governmment got involved particularly with medicare and medicaid.

Let's stop bullshitting ok?

Very few people can afford to pay $50,000 for a hep c cure. But guess who can? The government. And guess where most hep c patients are? In jails funded by the government. Get it? GET ITTTTTTT????

If you took the government out of healthcare everything would be affordable to everyone.

Tue, 09/22/2015 - 21:38 | 6582235 AMPALANCE
AMPALANCE's picture

The problem being inflation created by a government sanctioned private bank makes removing the Government from anything economy related near imposible, the wealth redistribution upwards through inflation and ZIRP not to mention fractional reserve banking is a socialist dream, and as a bonus, the socialist get to blame thier failings on the now defunct capitalism. With thirty years of stagnet wages, increasingly more can't afford aspirin, and wage destrution isn't changing it's trend anytime soon.

Tue, 09/22/2015 - 20:26 | 6581925 christiangustafson
christiangustafson's picture

I posted this on the earlier thread.

The guy is an HRC contributor and supporter; this ruse was an attempt to make the email server scandal "old news".

http://deflationland.blogspot.com/2015/09/martin-shkreli-is-clinton-camp...

Tue, 09/22/2015 - 21:29 | 6582205 newbie vampire
newbie vampire's picture

"The guy is an HRC contributor and supporter"

Should we peek behind the curtain ?   Could the Hitlery campaign be behind this since she's falling behind in popularity ?

Tue, 09/22/2015 - 23:16 | 6582554 Sanity Bear
Sanity Bear's picture

Given how over-the-top this guy is and that Clinton was already prepared to immediately hop on it with a policy proposal, there's good reason to suspect the entire thing is a charade designed to make her look good, even to the point of the idea of buying the rights to the drug and hiking the price through the roof being her idea to begin with.

Tue, 09/22/2015 - 20:30 | 6581944 Not if_ But When
Not if_ But When's picture

I think he should charge Lloyd Blankfein the full $750 per pill if Lloyd needs it for his lowered immune system levels in connection with his cancer treatment.  The billionaire Lloyd can afford it and he might learn a lesson.  (though doubtful)

Tue, 09/22/2015 - 20:34 | 6581962 The_Prisoner
The_Prisoner's picture

Playing silly bugger games with people's lives for money. Jews will be jews

Tue, 09/22/2015 - 20:37 | 6581977 El Hosel
El Hosel's picture

Excrement... Bitchez

Tue, 09/22/2015 - 20:36 | 6581972 aliki
aliki's picture

if i had the illness his drug cures, id rather fucking die than give this scum sucking douchebag 1 penny

Tue, 09/22/2015 - 21:14 | 6582033 Scooby Dooby Doo
Scooby Dooby Doo's picture

Not you personally, but speaking in generalities.

If you're going out why not invite someone to go with you? Make an icon-ic statement.

Tue, 09/22/2015 - 21:42 | 6582256 fishwharf
fishwharf's picture

Jack Ruby.

Tue, 09/22/2015 - 22:52 | 6582445 palmereldritch
palmereldritch's picture

Except he was never sick/symptomatic until shortly after it was apparent he was to testify

http://historysolved.com/2013/10/16/oswalds-mom-on-jack-rubys-convenient...

Wed, 09/23/2015 - 00:56 | 6582721 Tall Tom
Tall Tom's picture

I'd rather die by my own hand than do the behavior that gives you the sickness in the first place.

 

If people do not buttfuck then they are not likely to get AIDS.

 

If peoole want to do that then just do not ask me to pay for it.

Wed, 09/23/2015 - 07:11 | 6583005 Refuse-Resist
Refuse-Resist's picture

Not my downvote...

But people who get blood trasfusions can also catch AIDS 0-- See Arthur Ashe.

 

And recently the FDA lifted its ban on Gay blood donors, because that would be 'mean' to not let them donate blood. Never mind the prevalence of deadly blood born pathogens in the Gays' blood copared to non-Gays.

http://www.nbcnews.com/health/health-news/promised-fda-lift-ban-gay-bloo...

"We must not do anythign that hurts anybody's feelings, ever. No matter if we all have to die to make sure somebody isn't offended.

The First Commandment of the Church of Government Liberalism.

Tue, 09/22/2015 - 20:36 | 6581973 ToSoft4Truth
ToSoft4Truth's picture

Wow.  Pricing models fluctuate like the stock market. 

Why are any of the drugs priced as they are?  Hmmmm…

Tue, 09/22/2015 - 20:41 | 6581990 Dark Daze
Dark Daze's picture

The face of the beast.

Tue, 09/22/2015 - 20:50 | 6582036 slimycorporated...
slimycorporatedickhead's picture

behold the free market, in all its glory

Tue, 09/22/2015 - 20:51 | 6582039 Yen Cross
Yen Cross's picture

    Clown looks like he bathes Mobile-1, 10w-30 motor oil.

Tue, 09/22/2015 - 20:53 | 6582054 Jena
Jena's picture

That's what he uses as a hair product.

Tue, 09/22/2015 - 21:26 | 6582190 ToSoft4Truth
ToSoft4Truth's picture

+1 for 'product'

Tue, 09/22/2015 - 20:52 | 6582052 Chuck Knoblauch
Chuck Knoblauch's picture

Trained by the best scumbags on earth, and damn proud of it too.

Tue, 09/22/2015 - 20:53 | 6582059 wendigo
wendigo's picture

Question: what is the appropriate price of this drug? Can you answer? How you determine the answer says a lot about the kind of person you are. 

Tue, 09/22/2015 - 21:01 | 6582094 adr
adr's picture

30% above manufacturing cost

Tue, 09/22/2015 - 22:00 | 6582329 AMPALANCE
AMPALANCE's picture

Yet vacsines are near free,  another wrinkle in the Matrix.

Wed, 09/23/2015 - 07:17 | 6583014 Refuse-Resist
Refuse-Resist's picture

$27.50 to administer the government required Mencoccal (sp?) vaccine to my 7th grade daughter.

Bonus:  I scheduled the appointment for ONLY the menoccal shot.

 

We go into the exam room, and the nurse says "you're getting two shots today".  I say "i only order the menococcal". She says "yes but we are also going to give her teh HPV shot".

I said "I did not order that and it is not required by law". She says "yes but it is a good thing".

I say "you're not giving it to her". She says "What do you know about the HPV shot?  I can tell you about it".

I say, more firmly "I know that she's not getting it, period".

 

So I saved my daughter a good chance of getting Gulian Barre. And she learned a valuable lesson about the medical industry.

 

See, before we went to the Dr's office, I warned her that they woudl try to give her extra shots.  I told her never to accept 'optional' vaccines. NEVER. Because of the harmful ingredients, AKA adjuvants, and because vaccine mfrs are immune from product liability due to their specialness, as determined by the government.

 

The look on my girl's face when the nurse said "you're getting 2 shots today" was priceless. A critical thinker was fully awakened. A future ZH'er was born. I saw it in her eyes.

After we left, she said "you can't trust them".

 

I said "good answer".

 

 

Tue, 09/22/2015 - 23:18 | 6582562 Sanity Bear
Sanity Bear's picture

A free market would be producing it for 5% margins or less.

Tue, 09/22/2015 - 21:17 | 6582164 RopeADope
RopeADope's picture

He should sell the drug via dutch auction.

Tue, 09/22/2015 - 23:04 | 6582522 tarsubil
tarsubil's picture

If we truly had a free market, manufacturers would compete to produce and sell this thing and it wouldn't be controlled by some douche nozzle who "owns the rights" to it.

If it was paid for directly, it would cost practically nothing. So these people that are dying are paying about 700 bucks just for parasites like this sociopath. This is not how a society progresses; this is how it ends.

Tue, 09/22/2015 - 20:57 | 6582069 gammab0y
gammab0y's picture

There was a time in this country when a worthless  bastard like this would have been tarred and feathered,  publicly shackled,  or just beaten by a vigilante mob, and not a single cop or judge would have raised so much as an eyebrow.    

Wed, 09/23/2015 - 09:24 | 6583315 Grumbleduke
Grumbleduke's picture

and I'm sure you're afraid of ISIS, coming into your little town.

Tue, 09/22/2015 - 21:09 | 6582142 spanish inquisition
spanish inquisition's picture

I am guessing he raised the price once he figured out he overpaid for the drug. One of those simple moving the decimal place over by 4 or so...

 

Tue, 09/22/2015 - 21:21 | 6582175 Ms No
Ms No's picture

If we had a had a court system that wasn't captured they would be defending people from androgenous shark eyed freaks like this guy. 

Tue, 09/22/2015 - 21:25 | 6582188 cigarEngineer
cigarEngineer's picture

If you guys really cared abou the AIDS patients, you would have started a charity or a fund to buy the patents and make them more affordable. 

The truth is you don't give two shits about them, and your anger comes from inside. Those who torment others, are themselves tormented. You exhibit a textbook case of projection — projecting your own unacceptable feelings onto others. stay small, losers

Tue, 09/22/2015 - 21:59 | 6582328 bid the soldier...
bid the soldiers shoot's picture

--- Sharper than a serpent's tooth ---

Tue, 09/22/2015 - 22:03 | 6582338 shovelhead
shovelhead's picture

Who gives a fuck about AIDS patients except AIDS patients?

Wed, 09/23/2015 - 02:14 | 6582785 bid the soldier...
bid the soldiers shoot's picture

their moms

Wed, 09/23/2015 - 09:27 | 6583328 Grumbleduke
Grumbleduke's picture

well, if there's a big enough market to be had...

Tue, 09/22/2015 - 22:06 | 6582352 AMPALANCE
AMPALANCE's picture

Boy are you going to be upset, those charities? Most are really just tax shelters for the elite, giving themselves and their children a job, title, mercedes, and a fat paycheck for life. Maybe you are all to familiar with "projection"?

Tue, 09/22/2015 - 23:19 | 6582567 Sanity Bear
Sanity Bear's picture

I don't give a shit about AIDS patients because they are almost exclusively fags and heroin addicts who brought it upon themselves and have absolutely no one else nor nature to blame for their conditions.

 

Wed, 09/23/2015 - 09:16 | 6583281 Agstacker
Agstacker's picture

lol cigar engineer, good name.  You must have lots of practice with long, tubular objects being in your mouth.

Tue, 09/22/2015 - 21:26 | 6582192 CHoward
CHoward's picture

This guy is totally devoid of any social skills - a complete DICK!!

Wed, 09/23/2015 - 03:23 | 6582828 HowdyDoody
HowdyDoody's picture

I think that tecnically he is an almost complete dick.

Tue, 09/22/2015 - 21:28 | 6582200 ToSoft4Truth
ToSoft4Truth's picture

“…We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it….”

 

 

- Gordon Gekko

 

Tue, 09/22/2015 - 21:31 | 6582213 Dr. Engali
Dr. Engali's picture

This guy did this to help Shrillary who just locked in millions ad senior citizen's votes thanks to one tweet.

Tue, 09/22/2015 - 21:35 | 6582220 Cruel Aid
Cruel Aid's picture

Bet he got his Lambo, its the dream

Oh and that is to cover the freebies for his posse

Tue, 09/22/2015 - 21:41 | 6582236 Kina
Kina's picture

Can't wait for this guy to buy the rights to oxygen in the air, then sell it at 1,000 cubic litre, and you die if you cant pay, thats only fair to him, its business.

Why do they do it?  Because they can.

These guys are like flies around fresh shit.

Shkreli  is just another shit fly trying it on.

Until there are REAL consequence for people like this nothing will ever change.

Tue, 09/22/2015 - 22:16 | 6582388 Scooby Dooby Doo
Scooby Dooby Doo's picture

Cocksucks like this mint democrats by the truckload.

Tue, 09/22/2015 - 23:12 | 6582549 Deathstar
Deathstar's picture

This is the essence of kikery. Their aim is to enslave all goy and exploit them at every turn because they think they are "entitled" by a fairytale to do so.

FACT

Tue, 09/22/2015 - 21:43 | 6582242 RaceToTheBottom
RaceToTheBottom's picture

I am all for sacrificing this putz.  

A generation of unemployed Millennials will see this asshole and think that kneeling under the alter of Jim Cramer is great and in addition they should pay homage to this Fuckhead.

That is the last thing in the world we need.  A Cramer idol with his kids teeth and a psychological disease to boot.

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