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

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

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
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u/[deleted] Jan 14 '22

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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.

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u/[deleted] Jan 14 '22

[deleted]

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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.

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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.