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Eugene

(61,592 posts)
Wed Aug 24, 2016, 06:58 PM Aug 2016

Pharma Bro Martin Shkreli Takes On Hillary Clinton Over Mylan's EpiPen

Source: Fortune

Pharma Bro Martin Shkreli Takes On Hillary Clinton Over Mylan's EpiPen

by Sy Mukherjee AUGUST 24, 2016, 4:08 PM EDT

Pharma giant Mylan’s MYL -5.41% controversial price hike for the life-saving EpiPen device drew a sharp rebuke from Democratic presidential contender Hillary Clinton on Wednesday. But the company has at least one defender: biopharma black sheep Martin Shkreli.

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And then there’s Martin Shkreli. Infamous for his own drug price hikes at former firm Turing Pharmaceuticals and current indictment on securities fraud charges, Shkreli began a defense of Mylan during a Tuesday interview with CBS News. “I think important medicine should be expensive because they’re valuable,” he said, asserting that it’s insurance companies’ responsibility to make sure such price hikes don’t adversely affect patients.

The investor-turned-pharma exec elaborated further in a series of tweets on Wednesday, arguing that Mylan’s profit margin isn’t nearly high enough and that CEO Bresch’s compensation package (which has come under scrutiny) isn’t particularly lavish if you’re only considering salary.

Martin Shkreli ✔ @MartinShkreli
With 8% margins, Mylan is close to breaking even. Do we want them to lose $? Sole supplier of a life-saving drug should have a better margin
11:32 AM - 24 Aug 2016 · Manhattan, NY, United States

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Read more: http://fortune.com/2016/08/24/clinton-shkreli-mylan-epipen/

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Related: Lawmakers demand answers over soaring cost of potentially life-saving EpiPens (CBS)
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Pharma Bro Martin Shkreli Takes On Hillary Clinton Over Mylan's EpiPen (Original Post) Eugene Aug 2016 OP
I have a better mercuryblues Aug 2016 #1
You are right SCantiGOP Aug 2016 #3
personally, i think it's awesome that shkreli has chimed in. let's give him some more rope. unblock Aug 2016 #2
No shite..Man when Shkreli is defending you..that's not exactly a good thing! misterhighwasted Aug 2016 #4

mercuryblues

(14,489 posts)
1. I have a better
Wed Aug 24, 2016, 07:03 PM
Aug 2016

idea. If a RX price is increased by a certain % it is time for the government to step in and pull the patent. Let the generic suppliers copy it. I can guarantee you these price jumps will stop overnight.

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