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
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u/Gingorthedestroyer Jan 14 '22 Silver Gold Helpful Take My Energy Starry

Let’s do insulin producers now.

4.1k

u/Colorado1996 Jan 14 '22

Made millions from hiking prices from $13.50 to $750

Damn, saw that line and thought they were talking about insulin. Price gouging has happened on multiple life saving drugs? People are the worst

58

u/lizardtruth_jpeg Jan 14 '22

Price gouging happens with nearly every drug in America. We are the only country in the world that does not allow a regulatory body to negotiate drug prices with drug companies. They can charge literally anything they want and our government is set up to facilitate that.

22

u/xenomorph856 Jan 15 '22

If only that was all of it. Not only do we pay the tag price, but we give them our tax monies to fund early research.

We're paying them twice to fuck us over.

1

u/therampage Jan 15 '22

Yep, I laughed in a drug reps face at the pharmacy I work at a few months ago over Wegovy. They released Ozempic a few years ago for type 2 diabetes and its works great but has a cash price of around $600-700 a month, they figured out it works great for weight loss to so this fall they came out with wegovy for weight loss... Literally just relabeled Ozempic, registered it with a new NDC with a separate indication for weight loss and are charging $1700 a month for it. It's literally the exact same dosing. Drug rep was gushing about their new miracle drug. I asked her if she actually believed that bull crap or if she just drank the coolaid.

1

u/Hayder2021 Jan 15 '22

The politicians are paid to make the laws for them.