Martin Shkreli on Drug Price Hikes

Don't hate the player. Hate the game.
The drug costs $0.10 in India but, thanks to the prohibitive restrictions imposed by the FDA on the manufacture of more generic medicines like Deraprim, it's unavailable to Americans for less than $750. It's true that there are likely to be quality issues with Indian generics, but Pyrimethamine is widely available in Europe and an approval elsewhere ought to translate with reciprocal approval here. It used to cost $1 million to bring a generic to market; now it costs $10 million and that's the direct result of big pharmaceutical companies lobbying the FDA to make it cost prohibitive to bring competitive generics to the market. This is the consequence of government-created monopolies, so this is not so much a issue of "price gouging" and "CEO greed" as it is about government greed and its pursuit of an ever increasing expansion of its political power. But haters gonna hate based on preconceived biases and there's no reasoning or common sense among irrational people.

00Scud00 says...

I've always found that little saying hilarious, games are made up of players and if those players are liars, cheaters of just generally shitty people then the game is going to be shitty as well. So yes, hating the player is perfectly reasonable.
And yes, the Government is part of the problem, but if the Government disappeared tomorrow the power vacuum would be filled by the corporations most likely, who are, unsurprisingly greedy, corrupt and don't give two shits about anyone but their bottom line.

Trancecoach

said:

Don't hate the player. Hate the game.
The drug costs $0.10 in India but, thanks to the prohibitive restrictions imposed by the FDA on the manufacture of more generic medicines like Deraprim, it's unavailable to Americans for less than $750. It's true that there are likely to be quality issues with Indian generics, but Pyrimethamine is widely available in Europe and an approval elsewhere ought to translate with reciprocal approval here. It used to cost $1 million to bring a generic to market; now it costs $10 million and that's the direct result of big pharmaceutical companies lobbying the FDA to make it cost prohibitive to bring competitive generics to the market. This is the consequence of government-created monopolies, so this is not so much a issue of "price gouging" and "CEO greed" as it is about government greed and its pursuit of an ever increasing expansion of its political power. But haters gonna hate based on preconceived biases and there's no reasoning or common sense among irrational people.

Trancecoach

says...

Extraordinarily sad demonstration of your own ignorance here, but whatever. It's well beyond my ken or care.

00Scud00said:

I've always found that little saying hilarious, games are made up of players and if those players are liars, cheaters of just generally shitty people then the game is going to be shitty as well. So yes, hating the player is perfectly reasonable.
And yes, the Government is part of the problem, but if the Government disappeared tomorrow the power vacuum would be filled by the corporations most likely, who are, unsurprisingly greedy, corrupt and don't give two shits about anyone but their bottom line.

enoch

says...

@Trancecoach
i just dont get you man.
you make a valid point,which @00Scud00 basically acknowledges,but adds the caveat that if government is taken out of the picture than the power vacuum will be replaced by a corporation.

now you could disagree with his assertion by a rebuttal,but instead you choose to insult him and then ironically pretend to not care.

if that were a TRUE statement,you would have never responded.