Shkreli Declares War On Congress: Moments After Pleading The Fifth, He Calls Reps "Imbeciles"
http://www.zerohedge.com/news/2016-0...reps-imbeciles
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While Shrekli's curt assessment may be spot on, he certainly could not have aimed any higher in picking his next, and biggest yet, enemy. Then again, if his intention was to create another media circus, he certainly has achieved his goal.
Where Is The Outrage: With Shkreli Indicted, Drug Prices Are Still Soaring
http://www.zerohedge.com/news/2016-0...-still-soaring
Last September, when Martin Shkreli was doing his best to become the "most hated person in America" with his highly profiled 5000% price increase of a Turing Pharma toxoplasmosis drug, in an article titled "Dear Martin Shkreli: This Is How You Hike Drug Prices" we said hate him if you must, but not for his price hiking practices for one simple reason: everyone else does that.
Specifically we said that "what Shrekli did was not in any way unique: everyone else did it too, they were just much smarter about how to do it" pointing specifically at Valeant and saying that "this is where the difference between Valeant and Turing is to be found. While the entire US population was shocked, appalled and outraged at Shkreli for daring to boost the price of one drug by 5000%, apparently nobody had a problem with Valeant jacking up the prices of nearly 30 drugs by anywhere between 90% and 786% on the high end, with one solitary outlier, Ofloxacin ear drops seeing its price soar by 2288%."
Our conclusion:
... to which Citron added that "in the Twitter-storm furor over Turing’s recent one-drug price gouge attempt, the media has overlooked the reality that Martin Shkreli was created by the system. Shkreli is merely a rogue trying to play the gambit that Valeant has perfected."
In fact, perhaps the reason why Shkreli was so violently ostracized is because he "has put a face to the gouging of America by pharmaceutical companies." And weighing in at about 140 pounds, a very conveient scapegoat.
Fast forward five months later when Shkreli's career has been put on hiatus after his recent arrest, when slowly but surely, others are admitting what we said in the summer of 2015.
Enter Bloomberg which writes that after Martin Shkreli raised the price of anti-parasitic drug Daraprim more than 50-fold to $750 a pill last year, he said he wasn’t alone in taking big price hikes. "As it turns out, the former drug executive was right" Bloomberg admits and adds that "a survey of about 3,000 brand-name prescription drugs found that prices more than doubled for 60 and at least quadrupled for 20 since December 2014."
Here is a brief list of some of the other "gougers":
Specifically we said that "what Shrekli did was not in any way unique: everyone else did it too, they were just much smarter about how to do it" pointing specifically at Valeant and saying that "this is where the difference between Valeant and Turing is to be found. While the entire US population was shocked, appalled and outraged at Shkreli for daring to boost the price of one drug by 5000%, apparently nobody had a problem with Valeant jacking up the prices of nearly 30 drugs by anywhere between 90% and 786% on the high end, with one solitary outlier, Ofloxacin ear drops seeing its price soar by 2288%."
Our conclusion:
... boost the prices of dozens of drugs in the span of 1-3 years anywhere between 100% and 800% and nobody notices (thank you insurance companies). But hike the price of one drug by 5,500% and suddenly all of America thinks you are satan incarnate.
In fact, perhaps the reason why Shkreli was so violently ostracized is because he "has put a face to the gouging of America by pharmaceutical companies." And weighing in at about 140 pounds, a very conveient scapegoat.
Fast forward five months later when Shkreli's career has been put on hiatus after his recent arrest, when slowly but surely, others are admitting what we said in the summer of 2015.
Enter Bloomberg which writes that after Martin Shkreli raised the price of anti-parasitic drug Daraprim more than 50-fold to $750 a pill last year, he said he wasn’t alone in taking big price hikes. "As it turns out, the former drug executive was right" Bloomberg admits and adds that "a survey of about 3,000 brand-name prescription drugs found that prices more than doubled for 60 and at least quadrupled for 20 since December 2014."
Here is a brief list of some of the other "gougers":
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Originally Posted by farreri
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