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/rephyus Jan 14 '22

Except that its the standard for the ENTIRE industry. Look up any life saving drug, be in awe at the cost and then look up if they have a subsidy program. They always do.

Its much easier to paint a target on an individual versus a faceless corporation. Big pharma shifted all the spotlight on Shkreli because he was an individual. Doesn't help that he also has a punchable face. Another example would be the Elizabeth Holmes from Theranos. Not only was she found as a fraud, she actively kept trying to get into the spotlight. The media gets its tributes, and Big pharma gets to run away with the profits and the general public lose.

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u/drumology2001 Jan 15 '22 edited Jan 15 '22

You’re right about the life-saving drug thing. I have Multiple Sclerosis, and I take Vumerity. I am on the manufacturer’s Co-Pay Assistance program…but if I wasn’t? They want FIVE THOUSAND dollars a month for those pills. It’s insane.

Also, Shkreli’s face is 1000% punchable. Smug AF.

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u/Helenium_autumnale Jan 15 '22

So everyone can get the subsidy?

These prices are not the industry standard. Drugs are far cheaper in Europe and Canada. https://www.nytimes.com/2015/10/20/upshot/to-reduce-the-cost-of-drugs-look-to-europe.html

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u/bubumamajuju Jan 15 '22

Europe and Canada ultimately get cheaper pricing because Americans are subsidizing them. There’s cost advantages to different systems of different countries compared to the US but it’s fundamentally as simple as: they can get pharmaceuticals for less if Americans pay more.

You have to apply for the subsidy. There’s generally income thresholds but the companies will work with your situation. And there’s lot of people who ultimately get life saving drugs completely free (even Shkreli’s company was offering patients financial assistance).

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u/Neps21 Jan 15 '22

Bread and circuses man. Or some sh*t about Rome.

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u/agentobtuse Jan 15 '22

Can confirm, 80k every 6 months with 20k subsidy. Ocrevus is the drug if anyone is wondering