r/news Jan 14 '22 Silver 19 Gold 1 Helpful 19 Wholesome 18 Evil Cackle 3

Shkreli ordered to return $64M, is barred from drug industry

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
54.9k Upvotes

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846

u/Rickshmitt Jan 14 '22

Wow lifelong banishment from the drug consortium. Suprised its not just a couple months slap on the wrist like all these others sentences being handed down on pillows and apologies

396

u/toiletting Jan 14 '22

If he didn’t make himself such a prominent name he probably would have received a lesser punishment. This is a statement more than anything.

252

u/[deleted] Jan 14 '22

[deleted]

59

u/richraid21 Jan 14 '22

That website is a fucking joke.

The original source was about analyst reports that no one can disagree with:

While this proposition [gene therapy, cures] carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow

The idea being that the R&D expenses may not be recouped if the market isn't large enough.

10

u/[deleted] Jan 15 '22 edited Jan 15 '22

So when they die they would rather have a larger number in their bank account... rather than the adoration of all of humanity, savior of millions of lives, and conqueror of one of the greatest puzzles humanity has ever encountered under their belt? So well known that their legacy would be passed down for hundreds, if not thousands of years?

Not to mention they are also human and might die of cancer?

1

u/Northern-Canadian Jan 15 '22

If a researcher discovers a cure for cancer then I’d doubt the could keep a lid on it until the day they die.

It’s too important to humanity.

1

u/NathanBlackwell Jan 15 '22

Also that researcher would be a billionaire from the patent or just general publicity things alone.

3

u/[deleted] Jan 15 '22

“What are we going to do without our market of sick and dying customers?”

1

u/swolemedic Jan 14 '22

There is a huge difference between excusing reports on expected financial outcomes of actions and excusing not doing R&D for something that could save tons of lives and eradicate a disease because the profits would not be great enough to account for the costs the company does all the time and will eat if they think it could profit.

There's a point where if they have the capability and others do not there is a strong moral argument.

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u/[deleted] Jan 14 '22

[deleted]

27

u/richraid21 Jan 14 '22

I never rejected the fact. I was making fun of your 2003 geocities website called "Uncensored".

In fact, I even quoted the same sentence CNBC does.

There's no indication Goldman Sachs wants people to die, simply that there are revenue implications of transitioning pharmaceutical companies from recurring care to permanent gene therapy.

Goldman Sachs is an investment bank; of course they'd publish their thoughts on the financial implications.

-5

u/Webbyx01 Jan 14 '22

The first company to cure cancer will literally corner the market. And its not like people will stop getting cancer/needing treatment to prevent it, since people are always being born and aging.

1

u/BienOuiLa Jan 15 '22

They still mad at al the money they lost on Polio

6

u/zirtbow Jan 14 '22

Makes me more curious if Holmes will get a stiff sentence or get a few years with a long probation because of things such as her recently having a kid.

11

u/Say_no_to_doritos Jan 14 '22

Now that is an evil broad.

3

u/Pensive_1 Jan 14 '22

I think her crime was greater - the damage to REAL start-ups and promising tech was huge. Price hikes are easily reversible, but those $$$ Holmes kept from REAL technologies are forever gone.

1

u/sandysnail Jan 14 '22

yeah the infamous celebrity thing he was going for was actually putting light on things other rich people didn't want light on

1

u/Dlh2079 Jan 15 '22

He was made to look like he's being made an example of but he's also likely a scapegoat to as he's gonna take the fall while similar shit happens all over the industry

1

u/iDuddits_ Jan 15 '22

If he didn’t then no one would know his name. Just like so many other pharma bros that are still making way too much money