The notebook computer I use while ‘resting’ is acting up: I cannot grab the URLs I needed to source this story. However since they consist of two Wikipedia links, one on the miscreant’s name and the other on the drug he is using to rob the world…those links are easy to find.
The many regulatory agencies within the permanent federal bureaucracy are past their sell-by date if they continue to refuse to rein in the robber barons in Big Pharma.
Here’s the latest one, a thirty-two year-old evil force. The FBI got him the same way they used to grab organized crime mobsters, that is, by finding something he’d done wrong in other areas and arrest him for that. Just for starters.
Thus, Mr. Shkreli has been arrested, charged,appeared before the judge and posted the five million dollar bail required to get out of jail until his trial.
Martin Shkreli (born April 1, 1983) is an American entrepreneur and financial and pharmaceutical executive. He is co-founder of the hedge fund MSMB Capital Management, co-founder and former chief executive officer (CEO) of the biotechnology firm Retrophin LLC and founder and CEO of Turing Pharmaceuticals AG. In September 2015, Shkreli received widespread criticism when Turing obtained the manufacturing license for Daraprim and raised its price by 5,500 percent (from $13.50 to $750 per tablet).
On December 17, 2015, Shkreli was arrested by the Federal Bureau of Investigation on charges of securities fraud.
Here’s a snip from the wiki on Daraprim:
Pyrimethamine (trade name Daraprim) is a medication used for protozoal infections. It is commonly used as an antimalarial drug (for both treatment and prevention of malaria), and to treat Toxoplasma gondii infections, particularly when combined with the sulfonamide antibiotic sulfadiazine when treating HIV-positive individuals.
It is on the World Health Organization’s List of Essential Medicines, the most important medications needed in a basic health system.
The wiki on this criminal says he’s an Albanian-American:
As of 2008, Shkreli served as the Chairman of the board of directors of the National Albanian American Council, a nonprofit organization that advocates for Albanians and promotes peace and economic development for human rights in the Balkans. Shkreli continues in this role as of 2014.
Price-gouging by Pig Pharma greed has no justification, and anyone who buys stock in such companies – or more likely, their 401-K investment groups buy in – ought to be held to account. Their excuse – his words for this move – is that his stockholders think he didn’t charge enough and anyway the patient is only responsible for a small co-pay. In other words, they stick it to the insurance companies.
Before you claim your government’s socialist health care doesn’t do this, check it out. Either your government health care simply opts out of purchasing what the UN has called an “essential drug” and you’ll have to pay full price at a chemists’ shop, first finding a doctor who’ll write a prescription. There’s no room for moralizing on this one because if you need the drug and you can get it on the cheap, you may be certain someone is paying for it instead of you – most likely other taxpayers. In addition, someone else – many, many someone elses – are going without due to the obscene raise in price.
Like all the other greedy mega corporations, they pay the politicians so they can continue to rob the rest of us.
Disgusting? Yeah: in every single direction you can name. If you wonder why Donald Trump is soaring in popularity, it’s because of our broken system. I won’t even mention the huge, unpayable debt raise our feckless crony capitalist politicians just laid on the backs of the unborn.