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

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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13.9k

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

1.9k

u/[deleted] Jan 14 '22

Insulin should have a co-pay of about $2. Or less.

121

u/TittyMcNippleFondler Jan 14 '22

But how would they make money after all the expenses related to research and development that were funded by grants that were funded by our tax dollars?

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u/Gingorthedestroyer Jan 14 '22

When inventor Frederick Banting discovered insulin in 1923, he refused to put his name on the patent. He felt it was unethical for a doctor to profit from a discovery that would save lives. Banting’s co-inventors, James Collip and Charles Best, sold the insulin patent to the University of Toronto for a mere $1. They wanted everyone who needed their medication to be able to afford it.

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u/SirReal14 Jan 15 '22

And that type of insulin is $20 at Walmart. Modern, significantly safer insulin that has been recently invented is what is expensive.

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u/markh110 Jan 15 '22

You say that like it's a reasonable thing; you can get about a year's supply of modern insulin in Australia for ~$55USD. Americans are being exploited, and I'm so angry on your behalf.