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Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics. |
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21-09-2015, 07:34 PM | #1 | |||
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ZakJam <3~
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All done by the sociopath CEO Martin Shkreli, who did a similar thing last year when he introduced a 20-fold price increase for Thiola, a drug used to treat Cystinuria. Just wanted to enlighten people as to how much of a piece of **** this human being is. |
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21-09-2015, 07:43 PM | #2 | ||
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Banned
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What an utter **** of a human being.
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21-09-2015, 08:03 PM | #3 | |||
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like the boys
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Evil scum
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21-09-2015, 08:03 PM | #4 | |||
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Likes cars that go boom
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#whatwouldheinzdo
In all seriousness this is a morally devoid situation it gives you that hollow feeling to hear about.
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21-09-2015, 08:06 PM | #5 | |||
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Senior Member
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This is why Britain must hang on to the NHS. Sadly or should I say frighteningly, I don't see it being too long before we too have an American type health system where people will die because they can't afford treatment or the appropriate drugs.
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21-09-2015, 08:32 PM | #6 | |||
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iconic
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Absolutely. And we should look into ways that we can employ people to make these drugs for the cheapest way possible, for NHS use only, to stop things like this preventing people from getting proper treatment.
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21-09-2015, 08:49 PM | #7 | |||
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Likes cars that go boom
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What about all this cancer research that charities collect for from the public... once they find a cure they flog it to the pharmaceutical companies and then we're denied it :/
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21-09-2015, 09:02 PM | #8 | ||
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It's probably already been cured 10 times over. Cancer is a multi-billion ŁŁŁ industry.
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21-09-2015, 09:07 PM | #9 | |||
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Likes cars that go boom
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Yes I agree, I've always thought it odd there's a 1 in 3 chance yet there's never been a very high profile sufferer.
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21-09-2015, 10:11 PM | #10 | |||
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self-oscillating
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The pharmaceutical companies invest huge amounts to bring products to market and get zero help from governments usually. They also have to pay for those drugs that got rejected along the way for a multitude of reasons. So, when a company releases a drug, it is patented, and during that period, they can charge what they like. These drugs of course tend to be the cutting edge ones that make a real difference. Once the patent period ends, other companies are free to make generic copies of those drugs at vastly reduced prices. It is NHS policy to always use the generic variants when they are available, but they are held to ransom during the patent period if a company decides to charge the earth for a product. The NHS won't and couldn't afford to do the research that the big pharmas do. |
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21-09-2015, 10:19 PM | #11 | |||
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Senior Member
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21-09-2015, 10:29 PM | #12 | |||
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Likes cars that go boom
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21-09-2015, 10:37 PM | #13 | |||
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self-oscillating
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if they have sold the patent on, it probably still applies, so the new owner of the patent has hiked it.
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21-09-2015, 10:43 PM | #14 | |||
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Likes cars that go boom
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Yes I gathered that but they didn't develop or patent the drug so why the hike?
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21-09-2015, 10:46 PM | #15 | |||
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self-oscillating
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i don't know the specific details, but I would imagine the original inventors have sold the patent on to the next company for a fee to get a more immediate cash flow in. The patent runs for a number of years and the new company will have hiked the price to recoup that fee and make a tidy profit for itself for the remaining duration of the patent.
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23-09-2015, 12:23 PM | #16 | |||
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self-oscillating
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23-09-2015, 12:57 PM | #17 | |||
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Likes cars that go boom
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23-09-2015, 01:05 PM | #18 | |||
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You know my methods
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welcome to the world of Big-Pharma
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23-09-2015, 01:19 PM | #19 | |||
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Senior Member
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In this life, one thing counts In the bank, large amounts I'm afraid these don't grow on trees, You've got to pick-a-pocket or two You've got to pick-a-pocket or two, boys, You've got to pick-a-pocket or two. |
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23-09-2015, 01:50 PM | #20 | |||
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Senior Member
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That makes sense Young Boss |
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23-09-2015, 03:46 PM | #21 | |||
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self-oscillating
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Also, the amount a pharma company can charge during the patent period in the UK is capped and agreed with the NHS, so a much more agreeable and sensible system is in operation here. Last edited by bitontheslide; 23-09-2015 at 03:47 PM. |
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23-09-2015, 03:53 PM | #22 | |||
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iconic
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This whole patent thing seems really wrong to me.. saving lives is more important than a company getting an extra 0 on the end of their paycheck.
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23-09-2015, 04:19 PM | #23 | |||
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self-oscillating
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Just to provide perspective: The pharms industry is valued at $1 trillion, pharm companies make around 20% profit Only 1 in 5000 new drugs makes it to market. Each drug costs around 1.5 - 2.5 billion to develop and averages around 10 years to develop. Its a huge and very risky area, and 20% profit is tiny compared to many other industries. Last edited by bitontheslide; 23-09-2015 at 04:19 PM. |
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