Most Hated Man in America

Big Phoenix_sl said:

I get my stuff from a guy named Heisenberg.

Click to expand...

Are you certain?

this is a potentially life saving, emergency use drug for those who need it. This is akin to someone developing a new, highly improved defibrillator for cardiac arrest, putting it out there in the market, and then charging 300x the cost to restock it after use. There should be some body of laws/regulation that limits exorbitant price alterations on established, life saving emergent use medications, particularly when the drug price is not impacted by 'normal' market forces (rarity of use + overhead to produce nullifies competition)

Big Phoenix_sl said:

I dont see how you label something as "free market" when government owns 45% of the market.

Click to expand...

The government doesn't own half the market just because Medicare pays for things. That's like claiming Boeing is owned by the government because they have defense contracts.

Pasteton_sl said:

this is a potentially life saving, emergency use drug for those who need it. This is akin to someone developing a new, highly improved defibrillator for cardiac arrest, putting it out there in the market, and then charging 300x the cost to restock it after use. There should be some body of laws/regulation that limits exorbitant price alterations on established, life saving emergent use medications, particularly when the drug price is not impacted by 'normal' market forces (rarity of use + overhead to produce nullifies competition)

Click to expand...

I hate to break it to you, but this is standard operating procedure for basically everything in the healthcare industry. I work in a hospital lab and see this every day.

In our lab we have an automated stainer which does a silver stain invented in 1928. We buy reagent packs from Roche for this stainer which contain 100ml of 1% silver nitrate. They cost $900 each. That's right, $900/gram for silver nitrate. Why do we pay this? Well, they didn't charge that much when we bought the stainer. They just waited until all the doctors got used to the machine's staining intensity and then jacked up the price, knowing the doctors would hate to have to relearn the nuances of another machine. Also, getting another stainer validated would cost well over $1 million.

A co worker of mine recently broke her chair and needs a new one. Its taking awhile because our chairs need to be certified to not absorb lab chemicals over time, which means there are few vendors and as such a new office chair costs $8000.

We have a half hour of downtime at the beginning of every shift, because we have to wait for our water baths to heat our water up to the right temperature. The lab assistants can not fill our water baths for us before we arrive, as since they are not certified they can't interact with the equipment, not even filling something with water. We used to have a microwave to heat our water fast, but they never replaced it after it broke. They didn't replace it because a new microwave would have to be validated, as in they'd have to run control tissue through water heated by the microwave and have a doctor examine the results to ensure that this microwave doesn't heat the water in a way that would affect the results, which means it would cost about $50,000 to buy a new microwave.

I'll see if I can dig up the pictures I have of the tissue cassette holders that we use to load the tissue processor. They're basically just bent and molded chicken wire, but cost $800 each.

Seriously, one time on a slow day I compared our lab's price list to Sigma-Aldrich's website for reagent prices, and the lowest markup I found on the whole thing was like 5,000%. 20,000% markups on common reagents like denatured alcohol were not uncommon.

Well I guess this guy fucked things up for the industry.

Pfizer Raised Prices on 133 Drugs This Year, And It's Not Alone - Bloomberg Business

He might have just gotten rekt with all the publicity.

Drug with rage-inducing 5,000% price-hike now has $1/pill competitor | Ars Technica

Martin Shkreli Arrested on Securities Fraud Charges
arrested

Once you double down in that first lie, all the rest just flow from the need to keep that first lie intact.

Yea, I'm guessing if he had bought the aids drug and gave it out for free he could have continued raping other random less known disease treatment drugs for money indefinitely and never be investigated or arrested.

It's called a PR scam you rube, you.