Former hedge fund manager acquires life-saving drug, raises price 5,555% to $750/pill

Makes me kind of appreciate the 92 cents I pay for three months' worth of blood pressure medicine.

 

Winner.

 

Yeah, but if demand is that small, it probably wouldn't take much for someone to enter. I suspect it's not the fixed cost to enter per se, but rather the cost involved in clearing the regulatory hurdles. So his little pseudo-monopoly profits are protected by the extant regulatory regime. Which is kinda ironic ...

 

Probably ought to change the thread title.

 

I don't even know how to do that anymore.

 

There's some link called thread tools that you as the OP should see in the upper right. You might have to go back to the first page and the first post to see that Thread Tools link. Click on that, and you will see the option to edit the thread title. I've been drinking, but I think that's how it works.

 

You could outsource it to me ... I'll take care of it for $375 a pop (half off the going rate) ...

 

That worked.

 

Meh.
Now if the price of Viagra or Cialis goes up ... shit is gonna hit the fan.

 

That's a sociopathic mind at work right there. Nevermind that there are sick people out there that may've needed approval of those drugs to survive, their lives are not as important as him scoring big on his short bets. Greedy slimebag.

Stories like these increasingly make me think the entire health care industry needs to somehow be separated from the world of cutthroat capitalism. It is inherently different and too important to normal people's lives to be vulnerable to control by these predators.

 

CEO who raised price of old pill more than $700 calls journalist a ‘moron’ for asking why

 

And he's backed off. Sold the drug to a non profit and dropped the price increase.