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

Discussion in 'Sports and News' started by bigpern23, Sep 21, 2015.

  1. doctorquant

    doctorquant Well-Known Member

    I'm being a bit of a devil's advocate here, but this guy's doing a good job of showing just how fucked up (and ripe for corrupt exploitation) the U.S. drug approval regime is.
     
    Ace likes this.
  2. BTExpress

    BTExpress Well-Known Member

    Frankly, this guy just puts a human face on the entire U.S. health care industry.
     
    TigerVols and BDC99 like this.
  3. doctorquant

    doctorquant Well-Known Member

    C'mon, man ...
     
  4. Neutral Corner

    Neutral Corner Well-Known Member

    Even for as fucked up a group as Big Pharma CEO's this guy is a 0.o1%er.
     
  5. YankeeFan

    YankeeFan Well-Known Member

    MSNBC just said he's been arrested by the FBI.
     
  6. SnarkShark

    SnarkShark Well-Known Member

  7. The Big Ragu

    The Big Ragu Moderator Staff Member

    The arrest was related to his time at Retrophin, which I posted about above. ... early on this thread. I have no idea what kind of securities fraud they are going after him for, but there were always pump and dump shenanigans surrounding his time there, and the company was suing him for plunder. As I said in the post above, I certainly wouldn't have been surprised to find out that he was up to fiscal shenanigans @ Retrophin. If he gets himself jailed for securities fraud. ... well, that usually requires a healthy amount of hubris.
     
    TigerVols likes this.
  8. This is shocking news.
    Shocking.
     
  9. BTExpress

    BTExpress Well-Known Member

    It's like holding in the NFL. Could probably arrest every damn Wall Street exec for something if you looked hard enough at the shit they pull.
     
  10. Neutral Corner

    Neutral Corner Well-Known Member

    That is probably true, but this guy strikes me as the sort that thinks he is so much smarter than the idiots around him that he fails to take simple precautions and gets hammered.
     
  11. Riptide

    Riptide Well-Known Member

    He'd better stock up on butthurt pills.
     
  12. YankeeFan

    YankeeFan Well-Known Member

    Hey! We got the first prison ass rape joke!

    Not surprised by who made it.
     
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