Because "shareholder value."
[Nirmal Mulye, chief executive of Nostrum Laboratories,] told FT he agreed with Martin "Pharma Bro" Shkreli raising the price of AIDS and cancer drug Daraprim in 2015 from $13.50 to $750 per tablet, saying he was "within his rights because he had to reward his shareholders."
We live in a "capitalist economy and if you can't make money you can't stay in business," Mulye said. "We have to make money when we can.Appropriately, nirman means "no mind."
The Week
Catherine Garcia
8 comments:
“Martin Shkreli was within his rights because he had to reward his shareholders."
Shkreli defrauded his shareholders. And since he got rich doing so, he was sentenced to only seven years at a low security facility in New Jersey. He’ll probably be out in two. (Long sentences are only for average people.)
Shkreli was imprisoned because he made all the other pharmaceutical thieves look bad. He exposed the industry’s boundless greed.
Speaking of greed, I find it amazing that people acknowledge the greed (and the lies) of the pharmaceutical industry regarding drugs, and yet people fully trust the industry regarding poisonous vaccines. People think that Big Pharma manufactures its toxic vaccines for free, out of the goodness of the industry’s heart.
This stupidity most often occurs in registered Democrats.
And since Democrat politicians are owned by Big Pharma, it is they who push the hardest for mandatory universal vaccination. (Notice I did not say immunization.)
Anyway we need Universal Medicare with price controls.
Evidently the above advertisement for criminal hackers is now appearing after every blog post.
Shouldn't the FBI be notified?
Maybe the FBI planted the ad as a trap, just like the FBI plants ads for sex with minors.
“Supply and Demand!!!”...
He didn't have moral responsibility, he had fiduciary responsibility, which is not ethical responsibility.
Didn't that send Martin Shkrelli to jail?
As long as they follow the rules.of our Medicare system. Government sets the prices and Congress said the government must pay whatever drug companies charge. So, why not? The law is designed to promote this behavior. If it were a real problem, Congress would change the law. We.must use our fiscal space somewhere and pharma is better than weapons or progressive priorities.
It's not a moral requirement. Morality does not come into it.
Post a Comment