CEO buys AIDS drug and jacks up the price by 4,100%

Discussion in 'General Off-Topic Chat' started by leafeon34, Sep 23, 2015.

  1. leafeon34
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    leafeon34 GBAtemp Advanced Fan

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  2. Hungry Friend

    Hungry Friend It was my destiny to be here; in the box.

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    This type of shit is why I lean towards socialism. For-profit medicine is an abomination; everyone deserves free medical care.
     
  3. FAST6191

    FAST6191 Techromancer

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  4. TeamScriptKiddies

    TeamScriptKiddies Licensed Nintendo (indie) Game Developer

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    There's no way this is covered under patent laws, other manufacturers will certainly step in and put him out of business....
     
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  5. Selim873

    Selim873 Nunnayobeesnes

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    That's all kinds of fucked up...
     
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  6. TeamScriptKiddies

    TeamScriptKiddies Licensed Nintendo (indie) Game Developer

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    Its all good, his pharmaceutical empire will soon crumble around him and he will be living on the streets in no time. Serves him right ;)
     
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  7. Selim873

    Selim873 Nunnayobeesnes

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    Hopefully. If this ended up staying, he's not realizing that he pretty much just bankrupted and possibly even killed thousands upon thousands of people because of something they can't control.
     
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  8. TeamScriptKiddies

    TeamScriptKiddies Licensed Nintendo (indie) Game Developer

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    F*** that guy! Some people make me so sick....
     
  9. FAST6191

    FAST6191 Techromancer

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    So I did some more reading. Apparently this was marketing rights (so I am guessing some variation on the theme of trademark) and a lack of other manufacturers making it for a drug otherwise known as Pyrimethamine (a relatively simple chemical -- 5-(4-chlorophenyl)-6-ethyl- 2,4-pyrimidinediamine -- http://www.chemicalbook.com/ChemicalProductProperty_EN_CB8461315.htm ). Manufacture seems to be relatively simple and doable with fairly common chemicals but I do not know how easy it would be to pull off in compounding pharmacies (organic chemistry, much less for medicinal purposes, is not really my thing).
     
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  10. JoostinOnline

    JoostinOnline Certified Crash Test Dummy

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    This kind of shit happens to be bullshit. It's not an AIDS drug, and there are SIX generics, so not a single person would be affected by this.

    Considering you just believed this without any real research, I'm not surprised socialism appeals to you.
     
    Last edited by JoostinOnline, Sep 23, 2015
  11. Veho

    Veho The man who cried "Ni".

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    "Socialism" and "free medical care" wouldn't prevent this guy doing what he did. The health care system would still have to purchase the drugs from the manufacturer, and the manufacturer would still be free to set the prices however he liked.
     
  12. HaloEffect17

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    I should short sell his company's stock! ;)
     
  13. HaloEffect17

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    I just searched the full CBS news video.

     
    Last edited by HaloEffect17, Sep 24, 2015
  14. Hells Malice

    Hells Malice Are you a bully?

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    It literally said he was going to lower it due to criticism in the OPs linked article.
    Making this entire thread and that article pointless.

    It's likely a force he could not avoid forced him to back down. Guys like that don't back down just cuz some people got angry with him. You go into that commitment knowing you're being a scumbag and can live with that just fine.
     
  15. HaloEffect17

    HaloEffect17 Splatoon Fan

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    Yes, I apologize for that. I only watched the short video of the OP's linked article (which left out this point) and forgot about reading the text. Sorry for my ignorance; I took down the link I provided.
     
  16. the_randomizer

    the_randomizer The Temp's official fox whisperer

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    I hope that douche goes out of business and gets comeuppance for doing this.
     
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  17. Hells Malice

    Hells Malice Are you a bully?

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    This post is incredibly Canadian.
     
  18. HaloEffect17

    HaloEffect17 Splatoon Fan

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    What are you insinuating? :lol:
     
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  19. JoostinOnline

    JoostinOnline Certified Crash Test Dummy

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    That is the most insulting thing anyone has ever said...ever. Too harsh man. What's next, you going to find him and kick him in the balls too?
     
    Last edited by JoostinOnline, Sep 24, 2015
  20. HaloEffect17

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    Yeah, that came out of nowhere... haha.
     
    Last edited by HaloEffect17, Sep 24, 2015