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Avalux

(35,015 posts)

28. Or maybe he knew his time to make a huge profit would be limited.

Reply to reformist2 (Reply #27)

Thu Oct 22, 2015, 07:56 PM

Oct 2015

Any alternative to an FDA approved drug has to prove it's equivalency through clinical trials before it can be sold. I'm sure he knew that any competitor would need to go through this process, and that it could take anywhere from months to years.

Maybe he hedged his bets thinking it would take a long time and in the mean time, people would still get sick and need his outrageously priced drug.

I"d love to know how much profit he made while his drug was the only game in town. I bet it was a lot, and that's probably all he cared about.

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Highlight:

BAM!!- ‘PHARMA BRO’ About To Lose His Shirt As Rival Makes $1 Alternative To His $750 RIPOFF [View all] Segami Oct 2015 OP

WOW - Super good news!! Laf.La.Dem. Oct 2015 #1

K&R mcar Oct 2015 #2

Live by Capitalist rules, die by Capitalist rules. lpbk2713 Oct 2015 #3

Exactly. Compound's been sold since 1953, patent's expired, easy to make. nt eppur_se_muova Oct 2015 #10

LOL!- .Martin Shkreli.... Segami Oct 2015 #4

Great news. And my message to ohheckyeah Oct 2015 #5

Sorry Bro, it's the free market you loved last week NightWatcher Oct 2015 #6

So the wunderkind isn't so wundervoll after all. stopbush Oct 2015 #7

Bwahahahah! smirkymonkey Oct 2015 #8

also being discussed at thesquanderer Oct 2015 #9

I'm confused - doesn't Shkreli's drug have patent protection??? reformist2 Oct 2015 #11

His vision was clouded by greed. christx30 Oct 2015 #18

These other two replacement drugs are compounded Ilsa Oct 2015 #21

They aren't knockoffs. They are different drugs that have the same effect. jeff47 Oct 2015 #23

No he doesn't. It's a 60 year old generic drug. Avalux Oct 2015 #26

Nobody is that stupid. It sounds like the whole thing was a publicity stunt now. reformist2 Oct 2015 #27

Or maybe he knew his time to make a huge profit would be limited. Avalux Oct 2015 #28

If it was a publicity stunt, Art_from_Ark Oct 2015 #29

I want to believe that the jerk paid $55 M for a right that has expired. /nt NCjack Oct 2015 #30

When capitalism works. Beartracks Oct 2015 #12

Awesome madokie Oct 2015 #13

he has a bright future at Nestles olddots Oct 2015 #14

Karma is a (rhymes with rich), isn't it, Mr. Shkreli? Jack Rabbit Oct 2015 #15

You're welcome. rocktivity Oct 2015 #31

If only capitalism would act to correct itself in more areas jwirr Oct 2015 #16

The world's tiniest violin playing just for Shkreli: Initech Oct 2015 #17

This couldn't have happened to a bigger douche. Chicago1980 Oct 2015 #19

Heh heh. Payback sucks, don't it, Shkreli ?? DinahMoeHum Oct 2015 #20

This is so great. nt leftyladyfrommo Oct 2015 #22

Hahahaha... Wait! Fritz Walter Oct 2015 #24

PHARMA BRO doesn't have a patent on the formulation - this was bound to happen! Avalux Oct 2015 #25

... BeanMusical Oct 2015 #32