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Turing CEO Defends $750 Pill in Reddit AMA

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Re: Turing CEO Defends $750 Pill in Reddit AMA

#3

Post by FireBeyond »

What a slimy piece of crap:

"People hate because they think I'm charging people $750 per pill even though it costs patients less than $10 out of their pocket"

No.

People hate because you ARE charging $750 per pill. They may only have to pay $10 out of pocket immediately, but one way or another, through co-pays, deductibles, premiums, opportunity cost when employers pay premiums, patients ARE paying $750 per pill.

I highly doubt Shkreli is stupid enough to think that there's a magic pill-paying fairy conjuring $740/pill out of thin air for his benefit, and patients aren't inconvenienced.

But... he DOES think WE are stupid enough to fall for this.

Re: Turing CEO Defends $750 Pill in Reddit AMA

#4

Post by intopieces »

Shkreli says if he could do things differently, he'd have explained things better instead of being a flippant jackass. But I'm not sure that would have worked: very few people know or care about how the pharmaceutical industry / drug research works. "Pharma bro screws over AIDS patients" just rings too many of the right bells, zeitgeist wise.

I have a hard time believing this isn't all part of some plan. Stock shorting?

Re: Turing CEO Defends $750 Pill in Reddit AMA

#9

Post by just_curioussss » 

  A couple of greatest hits:
[–]LouisDeFeo 2 points 16 hours ago*

Since a new drug came out that's almost the same as your company's for such a cheap price, how do expect to turn a profit now?

[–]martinshkreli[S] 0 points 16 hours ago

no new drug is FDA approved for toxoplasmosis.

[–]LouisDeFeo 1 point 16 hours ago

You're right, excuse me. I meant when it gets approved, how do you expect to turn a profit?

[–]martinshkreli[S] 0 points 16 hours ago

they're not going to do that. they don't have the resources.

  and:
[–]strik3three 2 points 16 hours ago

You've said the rise in the cost of Daraprim won't effect most patients because the insurance companies will absorb the cost. Does it not stand to reason though that the insurance companies will pass those cost back along to the policy holders who pay the premiums. How does that argument not perpetuate the problem of out of control medical cost?

[–]martinshkreli[S] -1 points 16 hours ago

It definitely stands to reason. But the other thing to consider is that as more companies generate revenue and profits new companies sprout to compete with them for that profit pool. This keeps costs down.

  and:
[–]HomerPepsi 1 point 12 hours ago

Money aside, how do you feel about being hated by the world?

[–]martinshkreli[S] 0 points 5 hours ago

It doesn't bother me. My priority is patients and I have a ton of support from them. I don't answer to the media or random internet crazies.

  And the winner (appeal to common practice fallacy):
https://twitter.com/MartinShkreli/status/656180089747611651
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