Nigel Farage in EU Parliament: "You act like you want war."

Doctor Doom · September 15, 2016, 11:55:50 PM

Shkreli has the smuggest, most punchable face I've ever seen.

Just thought I'd throw that out there.

Verbatim · September 15, 2016, 11:57:21 PM

Quote from: Caped Baldy on September 15, 2016, 11:55:50 PM

Shkreli has the smuggest, most punchable face I've ever seen.

Just thought I'd throw that out there.

well yeah, that'll always be true

and that certainly didn't help his PR, but he's kind of embraced the villain persona ever since

More Than Mortal · September 16, 2016, 05:15:24 AM

Quote from: Verbatim on September 15, 2016, 05:15:23 PM

All the rest pay $20 per capsule, which is nowhere within the realm of that $750 outrageousness the media kept harping on.

The same drug is available in the UK from $0.66/capsule, and in Australia for $0.18/capsule. You're right that patients who cannot afford the drug are given it freely, but this kind of price hike falls on not only the insurance companies, but taxpayers too.

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Meanwhile, other orphan drugs will have you paying hundreds upon thousands of dollars per year for recurrent treatment, whereas Daraprim just straight-up cures you of toxoplasmosis.

Orphan drugs like pyrimethamine are given protected market status by the FDA; meaning no other company can distribute it in the U.S. It would be possible to make a generic drug with bioequivalence, but Shrkeli has set up his distribution chain in such a way as to minimise the "risk" of competitors obtaining the means of creating a bioequivalent generic.

Shkreli might not be able to turn a profit without a price hike, but why buy the drug licence in the first place? This dude's whole MO is purchasing drug licenses and then hiking the price. He doesn't engage in drug research or development--nothing like that--he just raises the price, cements his position as a monopolist, and reaps the rewards.

challengerX · September 16, 2016, 05:57:15 AM

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Verbatim · September 16, 2016, 07:43:34 AM

Quote from: Meta Cognition on September 16, 2016, 05:15:24 AM

The same drug is available in the UK from $0.66/capsule, and in Australia for $0.18/capsule. You're right that patients who cannot afford the drug are given it freely, but this kind of price hike falls on not only the insurance companies, but taxpayers too.

I really, really don't mind.

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Orphan drugs like pyrimethamine are given protected market status by the FDA; meaning no other company can distribute it in the U.S. It would be possible to make a generic drug with bioequivalence, but Shrkeli has set up his distribution chain in such a way as to minimise the "risk" of competitors obtaining the means of creating a bioequivalent generic.

And you have some kind of problem with this, capitalist? Why would you not minimize the risk of competition if you had the power to do so? And given how cheap (and efficacious) the drug is to the ones who need it, why would it matter to any of us?

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Shkreli might not be able to turn a profit without a price hike, but why buy the drug licence in the first place?

Because, according to Shkreli, the drug's original company, Impax Labs, was prepared to cease production of the drug altogether. That means no one gets it. And they would've done it because $13.50 wasn't turning a profit, and the obvious solution to raise the price seemed unconscionable.

Hiking up the price of an old, imperfect drug allows him to conduct research to develop a more robust drug.

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He doesn't engage in drug research or development

Do you know that for a fact? Do you know that, even if he doesn't personally conduct the R&D sessions to create stronger drugs, he has an entire company that does? Well, had.

More Than Mortal · September 16, 2016, 08:56:53 AM

Quote from: Verbatim on September 16, 2016, 07:43:34 AM

And you have some kind of problem with this, capitalist?

Are you seriously asking me if I have a problem with monopolists, non-competitive markets and high barriers to entry?

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according to Shkreli, the drug's original company, Impax Labs, was prepared to cease production of the drug altogether.

I haven't heard anything about this, nor can I find any evidence for this. Impax Labs actually sued Turing following their acquisition of Daraprim because their handling of data and ability to meet contract requirements was so poor.

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Do you know that for a fact?

Turing was founded with something like three drugs in the pipeline, the only one I remember being some research into ketamine for treating depression. Shkreli, before founding Turing, hiked the price of Thiola. And when he founded Turing, besides the few drugs he ostensibly had in development, he literally set a business strategy for Turing to buy up the licenses of orphan drugs and reap the profits of it without having to make any significant gains in development or bringing other drugs to market. Due to the high regulatory burden on orphan drugs from the FDA, and Turing's closed distribution system, they were essentially acting as monopolists.

Besides him being investigated for securities fraud, I really don't know if Shkreli committed anything illegal, per se. . . But in terms of the pharmaceutical industry Shkreli was the equivalent of a parasite.

Brociopath · October 03, 2016, 08:56:07 PM

Quote from: DAS B00T x2 on September 15, 2016, 10:59:41 AM

Slash went from classical libertarian to full fash too.
Some of the others transitioned mildly too

it's happened a lot to some libertarians and ancaps on the IG political community.

Korra · October 03, 2016, 09:46:35 PM

#Can'tBarrageTheFarage2k16

Risay117 · October 03, 2016, 10:54:46 PM

Although I disagree with Farage about Brexit, I honestly believe that he is right. The west is itching for a war in Syria. If they do not act soon, Syria will fall to Assad consolidating Iranian influence in the area, and by result moving the balance of the power in the region.

The West was okay with the former system but the conclusion of this war leaves alot of questions that are not preferable to certain western leaders who still want to have strong influence in the region. No wonder Obama did his damn best to avoid getting pulled in Syria.

Genghis Khan · October 04, 2016, 01:50:35 AM

Nigel Farage is a great man.

Mattie G Indahouse · October 04, 2016, 07:37:23 AM