{"id":182373,"date":"2015-10-07T19:17:00","date_gmt":"2015-10-08T00:17:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2015\/10\/07\/he-has-to-be-the-most-evil-ratf-in-business-today\/"},"modified":"2015-10-07T19:17:00","modified_gmt":"2015-10-08T00:17:00","slug":"he-has-to-be-the-most-evil-ratf-in-business-today","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2015\/10\/07\/he-has-to-be-the-most-evil-ratf-in-business-today\/","title":{"rendered":"He Has to Be the Most Evil Ratf%$# in Business Today"},"content":{"rendered":"<div>Remember Martin Shkreli?<\/div>\n<p>He&#8217;s the contemptible greedhead who raised the price of Daraprim by 5500% when he got the rights to it.<\/p>\n<p>After a storm of public outrage, he agreed to roll back the price to an unspecified degree.<\/p>\n<p>Guess which drug <a href=\"http:\/\/www.businessinsider.com\/martin-shkreli-update-on-daraprim-price-2015-10\">has not come down a penny in price<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">It&#8217;s been two weeks since Turing CEO Martin Shkreli announced he would scale back the price of his drug, and so far nothing has really changed.<\/p>\n<p>The biotech leader came under fire last month for his 5,000% price hike of Daraprim, a drug that fights parasitic infections.<\/p>\n<p>The drug, which rose from $13.50 to $750 seemingly overnight, left the <a href=\"http:\/\/www.businessinsider.com\/generic-drug-pricing-monopoly-problem-2015-9\">biotech and pharmaceutical industries reeling<\/a>, with corporations such as Valeant facing <a href=\"http:\/\/www.businessinsider.com\/valeant-is-crashing-2015-9\">a lot of criticism<\/a> for their similar <a href=\"http:\/\/www.businessinsider.com\/generic-drug-price-hikes-2015-9\">price-hike moves<\/a>.<\/p>\n<p>In September, he told ABC News, \u201cWe\u2019ve agreed to lower the price of Daraprim to a point that is more affordable and is able to allow the company to make a profit, but a very small profit.&#8221; <\/p>\n<p>That hasn&#8217;t happened yet. <b>A 30-day, 30-pill supply of Daraprim would cost me $27,006 at my local pharmacy<\/b>.<\/p>\n<p>That boils down to about $900 a pill, which includes the wholesale cost, along with specific pharmacy fees based on the zip code I gave the pharmacy.<\/p>\n<p>So while the price of the drug hasn&#8217;t gotten any higher since Shkreli hiked it 5,000%, it hasn&#8217;t gotten any lower since he promised to reduce it either. Turing did not respond to Business Insider&#8217;s request for clarification about this price.<\/span><\/p><\/blockquote>\n<p>(<i>emphasis original<\/i>)<\/p>\n<p>This ain&#8217;t business, this is terrorism.<\/p>\n<p>Perhaps the President should consider a drone strike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember Martin Shkreli? He&#8217;s the contemptible greedhead who raised the price of Daraprim by 5500% when he got the rights to it. After a storm of public outrage, he agreed to roll back the price to an unspecified degree. Guess which drug has not come down a penny in price: It&#8217;s been two weeks since &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1013,969,1109,1150],"tags":[],"class_list":["post-182373","post","type-post","status-publish","format-standard","hentry","category-business","category-drugs","category-evil","category-ip","category-public-health"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/182373"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=182373"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/182373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=182373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=182373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=182373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}