Pharma CEO who hiked drug price 5K% and bought Wu-Tang Album, Arrested

[Twix]

Dude is gonna get raped in jail until he lets the prisoners listen to the Wu-Tang album.

[zenkai]

But the whole point of the album was that you don't get to listen to it.

Actually you're allowed to let people listen to it, even do a tour, you just can't reproduce it.

[Sunseeker]

who the fuck buys a 2 million dollar record and doesn't listen to it? fucker got what's coming!

It's really not uncommon for the wealthy to buy works of art and then do nothing more than lock them away in a safe underground.

On topic, serves the bastard right. I doubt he'll get punished in any meaningful matter though. The wealthy never do.

[Zandalarian Paladin]

Sad he's got money (which mean bigger surveillance and security), I'm pretty sure convicts would've loved to have a little conversation.

[Rhine101]

See, this is why people mock the American Healthcare System.

No. people mock it because they dislike it or america for whatever personal reason and they will latch on to anything that validates their feelings.

It is the same thing as if I were to find one incident where Canada's healthcare screwed over folks and then bash the system cause I am a hate filled person.

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But anyways, Good for him. Hope that Wu album gets sold off or taken and played for free.

[Deleted]

He's a rich guy in America, he could film himself sexually assaulting a group of orphans and get away with it.

[Elegiac]

No. people mock it because they dislike it or america for whatever personal reason and they will latch on to anything that validates their feelings.

Or simply because it's a shit system.

[Rhine101]

Or simply because it's a shit system.

I agree that it can be better. But what would you do to regulate Pharm companies and still encourage them to produce potentially life saving drugs?

[Elegiac]

I agree that it can be better. But what would you do to regulate Pharm companies and still encourage them to produce potentially life saving drugs?

Aside from the obvious crackdown on patent abuse, probably nationalising one of them and using it to set a minimum standard of service for the other companies.

[Kujako]

He's a rich guy in America, he could film himself sexually assaulting a group of orphans and get away with it.

But he committed the cardinal sin of ripping off other rich white guys.

[Deleted]

See, this is why people mock the American Healthcare System. It's profit driven, and while here in the EU and such we pay for it through taxes, and prescription charges, it's absolutely minimal compared to the cost that Americans fork out in Insurance and Fees.

A universal healthcare system prevents illnesses as much as it treats them, and lowers the cost and impact it has on a nation. The fact the U.S. can class itself as a First-World Country and still demands people to pay thousands of pounds for treatment is disgusting. Covering your costs, and ensuring future investment is possible is one thing, but profit driven health care is another.

I guess you've never been seriously ill. Medicine can cost a lot in the EU as well.
Most medication is heavily subsidized too, thus the comparatively low cost on some medication.

But as an example, it costs me here in Sweden about 17 dollars to buy a pack of ceratonin pills, a sleep hormone supplement, it's also prescription only. In the US, you can buy the same amount of ceratonin for less than half, without a prescription. Why is it so expensive for me and requires a doctor? It's not subsidized and only one company makes and sells it here.

Don't be ignorant. Medication costs everyone shitloads of money, it's just handled differently.

[Rhine101]

Aside from the obvious crackdown on patent abuse, probably nationalising one of them and using it to set a minimum standard of service for the other companies.

I'm sorry. I led you on and I kinda knew you would go there.



Anyways. My point was this was a pharm article, and some hateful person took it as an example of overall healthcare. It's like taking a report of a corrupt gasoline maker and using it to jump to how the auto industry is jacked up.

And that nationalized pharm company would be a heavy money drain. It wouldn't even change anything with the others. And it takes a lot of capital top develop and test new drugs.

[Deleted]

I agree that it can be better. But what would you do to regulate Pharm companies and still encourage them to produce potentially life saving drugs?

Pay them? If thyou average customer gets to pay the cost in much smaller increments, it's always better. Taxes and other government funds pay for it here, meaning that the individual doesn't risk being put in debt with huge,one-time costs.

But such methods are deemed evil or whatnot, because they're socialistic.

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I'm sorry. I led you on and I kinda knew you would go there.



Anyways. My point was this was a pharm article, and some hateful person took it as an example of overall healthcare. It's like taking a report of a corrupt gasoline maker and using it to jump to how the auto industry is jacked up.

And that nationalized pharm company would be a heavy money drain. It wouldn't even change anything with the others. And it takes a lot of capital top develop and test new drugs.

I know what it feels like to be unfairly generalized about. I'm Swedish and as you might know, around here, swedes get a loooot of shit.

healthcare can't be about profit over the individuals healthcare needs.
Though ofcourse I understand the need for profit to a company.

[Elegiac]

I'm sorry. I led you on and I kinda knew you would go there.

Anyways. My point was this was a pharm article, and some hateful person took it as an example of overall healthcare. It's like taking a report of a corrupt gasoline maker and using it to jump to how the auto industry is jacked up.

Pharmaceutical company greed is in fact a real thing. This particular twat is just less subtle about it.

And that nationalized pharm company would be a heavy money drain. It wouldn't even change anything with the others. And it takes a lot of capital top develop and test new drugs.

Cool. Public goods aren't supposed to be profitable.

[Daethz]

He should be thrown in prison for life, all assets taken by the government and his company shut down, hey maybe the feds could legally take control of it and use his patent to sell those drugs for pennys? just a thought.

[Rhine101]

Pharmaceutical company greed is in fact a real thing. This particular twat is just less subtle about it.

Didn't say it wasn't. I was just saying that sometimes, when a medicine costs so damn much it is actually because it cost billions to make and only a few peopel will use it, and they need it to live. It sucks but that is how it is.

Cool. Public goods aren't supposed to be profitable.

See, if you made a pharm company that only re-manufactures already created drugs at a cheaper rate, I agree. That will work.

However, you misunderstand how hard it is to create a new drug. Many have been in development for 20+ years and cost billions. They have countless brilliant scientists coming up with this stuff, manufacturing it, arguing for its legality while testing it to get approved by the FDA, then getting people to trial it and doctors to learn about it, then marketing.

I do not think the government is capable of that at all. The closest we have to something like that is NASA and we are defunding the ever living fuck out of them and privatizing the space program.

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I know what it feels like to be unfairly generalized about. I'm Swedish and as you might know, around here, swedes get a loooot of shit.

healthcare can't be about profit over the individuals healthcare needs.
Though ofcourse I understand the need for profit to a company.

I hear ya. I was just saying that I honestly cannot think of a better way to run the pharm sector.

The general healthcare sector with surgeries and tests , etc, I can see many ways it can be better. But this article isn't an example of that.

[munkeyinorbit]

No, rich people's penises accidentally fall into hot women's vaginas.

innocent until proven guilty

[Underverse]

Well, he's a terrible person, so I don't care what happens to him.

[Elegiac]

See, if you made a pharm company that only re-manufactures already created drugs at a cheaper rate, I agree. That will work.

That is what I meant; I understand R&D is capital intensive, but really the issue with current 'big pharm' isn't the development of new drugs. It's the abuse of older patents to defraud patients.

I do not think the government is capable of that at all. The closest we have to something like that is NASA and we are defunding the ever living fuck out of them and privatizing the space program.

My counter example would be Australia's CSIRO which has made large scientific strides which were later made commercially viable. Public industries are capable of innovation, what they generally are not good at is commercial viability.

[Darsithis]

Can we please keep this in the original thread? http://www.mmo-champion.com/threads/...-fraud-charges