The 32-year-old pharmaceutical CEO admits the AIDS drug 'costs almost nothing to make' then defends charging $75,000 per month. This man preys on the sick. Capitalism kills.
If you haven't heard of Martin Shkreli by now, the CEO of Turing Pharmaceuticals which is going viral all across the internet, allow me to inform you about what is just a small symptom of a much MUCH larger problem we have in society today.
Shkreli recently purchased Daraprim, which is a drug used to treat Toxoplasmosis, a disease caused by a parasite that can cause blindness and brain infection for those with weakened immune systems. It is often used for cancer patients undergoing chemotherapy treatment or people plagued with AIDS.
Before Shrkeli came along, a 30-pill bottle of Daraprim cost roughly $405. But now, that cost has skyrocketed to $22,500 for the same bottle! Which is an overnight increase of 5500 percent!! What's even more mind boggling than this, is this guy still has the audacity to say the drug is still underpriced!?!?
Shrkeli claims this is so that the profits can be used to create a better version of the drug but the fact of the matter is what was once a common affordable treatment for millions and millions of people will now cost hundreds of thousands of dollars.
In a joint letter from the Infectious Diseases Society of America and the HIV Medicine Association, Turing’s price hike was branded as “unjustifiable for the medically vulnerable patient population,” and who could disagree??
Shkreli, however, is just a symptom of the for profit medical system we have which is backward, and would be viewed with disgust by any advanced or civilized race of beings.
According to a recent investigation by presidential hopeful Bernie Sanders, Valeant Pharmaceuticals increased the price of two heart drugs — Isuprel and Nitropress — by 525 percent and 212 percent in the same fashion, as soon as they were acquired. The antibiotic, Doxycyclene, went from $20 per bottle to $1,849 per bottle within a six-month period!
This is absolutely not sustainable, but while Shkreli deserves to be interrogated and held accountable, he is just a small player in a much bigger inhumane game that places profit above human life.
You can watch the interview that sparked outrage online here:
This is Martin Shkreli’s Twitter account if you would like to share your thoughts with him.
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