Drug Goes From $13.50 a Tablet to $750, Overnight. More increases to come!

I blame Mrs. Shkreli for forgetting to swallow.......

a reply to: infolurker

Candidates discussed changing laws to prevent this and pharma stocks dropped several points. So hopefully there won't be more hikes.

a reply to: greencmp

Ironically "Happy Birthday" had always been copyrighted. That is, until this week, when it was taken from the copyright holder and placed into the public domain.

This is basically theft from the taxpayer. It's what happens when you implement a law like ACA and don't have any regulatory caps on prices. Then all it takes is one person to monopolize on a commodity, and it's made worse because the government makes it difficult for imports to enter the market.

It's also a problem with other captive healthcare markets like emergency rooms, they price-gouge things to all hell. Things definitely are not priced anywhere near reasonably for the services or quality of service rendered.

originally posted by: GogoVicMorrow
a reply to: greencmp

Ironically "Happy Birthday" had always been copyrighted. That is, until this week, when it was taken from the copyright holder and placed into the public domain.

Wow, I did not know that. It sounds suspicious but, I'll take your word for it.

I suppose it was fortunate for everybody that they weren't particularly litigious.

It certainly proves the point that patents and copyrights, at least after some period of time, do not protect, enable or encourage anyone though they can do the opposite.

I don't know who could defend this? I mean, other than the predatory people who actually buy up these kinds of things for profit.

originally posted by: greencmp
Wow, I did not know that. It sounds suspicious but, I'll take your word for it.

I suppose it was fortunate for everybody that they weren't particularly litigious.

It certainly proves the point that patents and copyrights, at least after some period of time, do not protect, enable or encourage anyone though they can do the opposite.

Copyright only prevents reproduction for profit, for personal use it was fine. The copyright holders were however collecting royalties of about $5000 per day as recently as 2008 for the songs use in film, tv, and so on.

But really, is this not basically unconstitutional?
In the spirit of how it was pulled off, it seems an outright exploit that violates our rights.
Not a lawyer, but it certainly seems to me to be a case here.

Looks like public outrage finally took it's toll. Price is going to change after all but I'm not sure down to what price.

5500% Price Increase on AIDS Drug Canceled After Outrage

Think of all the other things that could be changed with outrage like that!
WTG public.

Please, stay on topic!!!!

Drug Goes From $13.50 a Tablet to $750, Overnight. More increases to come!

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Agree ! No one should have to decide for the medicine the Need and paying their rent to live.





I guess this explains it all .. what's he thinking.. ??

originally posted by: charlyv
But really, is this not basically unconstitutional?
In the spirit of how it was pulled off, it seems an outright exploit that violates our rights.
Not a lawyer, but it certainly seems to me to be a case here.

It's not unconstitutional, it's just a scummy thing to do. In other industries the same thing happens all the time.

It's my opinion that all products need to enter the public domain after X time so that these things can't happen as often.