~~September 23, 2015~~
GREED VERSUS COMPASSION
TOP: Hedge fund CEO, Martin Shkreli, who bought the rights to a 62-year old AIDS and cancer treatment and jacked up the price to profit from misery.
BOTTOM: Jonas Salk, who developed a cure to one of the world’s most debilitating illnesses and could’ve made millions … but he gave it away to help as many as possible.
Capitalism versus humanity.
Before people start saying Daraprim is not an AID’s drug, it is a immune infection fighting drug for AIDS patients who are not immune to fighting other bugs, so technically this is one of many drugs that AIDS patients do take to fight against their weak immune bodies.
Martin Shkreli, the controversial pharmaceutical CEO and former hedge fund manager, announced that he would reduce the price of the drug Daraprim to “a point that is more affordable.” Shkreli has been the subject of unrelenting criticism since he implemented a 5000% increase in the price of the drug — from $13.50 per pill to $750 — which is used to treat severe infections in AIDS patients and infants.
Shkreli, who talked to ABC News, declined to name the new price for the medicine, which has been on the market for 60 years. ABC described Shkreli as “the most hated man in America.”
While working at a company he founded called Retrophin, Shkreli had implemented a similar price hike on a kidney medicine. The Huffington Post reported that Shkeli “is part of a criminal investigation” involving Retrophin. He owes the company more than a half-million dollars.
“As it appears in … full read/full credit … watch video”
After Getting Shamed For 5000% Hike, ‘Most Hated Man In America’ Will Lower Drug Price
#SomethingToThinkAbout #TimesAreAChanging #SalkVersusShkreli #GreedVersusCompassion #HedgeFundCEO #MartinShkreli #JonasSalk #PolioVaccine #CapitalismVersusHumanity #Daraprim #AIDSPatients #Retrophin #SimilarPriceHike #KidneyMedicine #MostHatedManInAmerica #FreeMarket #UnfetteredCapitalism #America #LadyGrey
#WeAllAreOne #ItIsWhatItIs #DrRex #HortyRex #hrexachwordpress
From a Facebook Page I follow
Call me a cynic, but I’m willing to bet this was Shkreli’s plan the whole time.
He wanted to raise prices, but knew he’d get flak.
So he raised them an exorbitant amount, and now is seen to be “caving” — he’s dropping the prices, but NOT back to where they were.
So he’s probably getting the price increase he actually wanted.
And bear in mind what I said when I first posted about this story:
In Poland, you can buy 30 of these pills for about $10.
Why have they cost $13 apiece here?
Oh, that’s right: The Free Market.
We ALL are ONE!!