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Related: About this forumPharma 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 Mylans 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 theres 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 theyre valuable, he said, asserting that its insurance companies responsibility to make sure such price hikes dont adversely affect patients.
The investor-turned-pharma exec elaborated further in a series of tweets on Wednesday, arguing that Mylans profit margin isnt nearly high enough and that CEO Breschs compensation package (which has come under scrutiny) isnt particularly lavish if youre only considering salary.
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by Sy Mukherjee AUGUST 24, 2016, 4:08 PM EDT
Pharma giant Mylans 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.
[font size=1]-snip-[/font]
And then theres 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 theyre valuable, he said, asserting that its insurance companies responsibility to make sure such price hikes dont adversely affect patients.
The investor-turned-pharma exec elaborated further in a series of tweets on Wednesday, arguing that Mylans profit margin isnt nearly high enough and that CEO Breschs compensation package (which has come under scrutiny) isnt particularly lavish if youre 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
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
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
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.
SCantiGOP
(13,855 posts)3. You are right
It is the government that enforces patents. They have a right to stop price gouging.
unblock
(51,973 posts)2. personally, i think it's awesome that shkreli has chimed in. let's give him some more rope.
misterhighwasted
(9,148 posts)4. No shite..Man when Shkreli is defending you..that's not exactly a good thing!