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Post by vissertrades on Oct 16, 2015 13:47:57 GMT -5
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Post by mnholdem on Oct 16, 2015 14:03:16 GMT -5
A good quote from that article:
“I think what’s happened is that some of these companies … in a remarkable feat of poor political timing stuck their heads way, way out of the foxhole and raised prices seemingly unaware that we’re in the midst of a presidential election where there’s a lot more sensitivity about all of these things,” Joseph Antos, a health care specialist with the American Enterprise Institute, said in an interview on Thursday.
“And if you would like to be made a subject of an investigation, this would be a great year to do that,” he added.
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Unfortunately, another choice of words could bode ill for pharmaceuticals when the author states, "The controversy is turning into a perfect storm for the drug industry, with both politicians and state and federal prosecutors demanding justification for their drug pricing policies."
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Post by mssciguy on Oct 16, 2015 14:14:27 GMT -5
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Post by beardawg on Oct 16, 2015 14:20:59 GMT -5
Probably for getting caught instead. They want to know that you are able to get away with it... for them.
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Post by vissertrades on Oct 16, 2015 14:25:22 GMT -5
Jay Olson one of them? Karma, karma, karma!
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Post by BD on Oct 16, 2015 14:49:11 GMT -5
I'd love for the Feds to investigate Shrek's trades around the time of the drug price increase. And his friends' and family's trades...
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Post by vissertrades on Oct 16, 2015 15:30:49 GMT -5
Exactly. He admitted being short mnkd and created quite a black cloud over biotech with his creepy price hike. Was this by design? Me thinks so and he and his turd scum buddies were likely short many stocks that were rained on by his crap cloud...
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Post by mssciguy on Oct 16, 2015 15:41:20 GMT -5
Exactly. He admitted being short mnkd and created quite a black cloud over biotech with his creepy price hike. Was this by design? Me thinks so and he and his turd scum buddies were likely short many stocks that were rained on by his crap cloud... Yup that was one idea going around social media, create a backlash against the sector while shorting it... In the past maybe this was Business As Usual - - - but, problem is, there are few or no secrets anymore, it will come out sooner or later |
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Post by mssciguy on Oct 16, 2015 15:48:23 GMT -5
mnholdem the biggest markups are for cancer drugs, often 90+% profit. Because the patient is desperate. The big pharmas say they need the money for innovation and research but the trends have been to downsize research, merge and lay off staff, and generously reward shareholders, B.O.D. and the usual cronies. Seriously, most of the new ideas come out of universities with almost no compensation, the big corporations have legal staff by the hundreds to sponsor and poach. I am certain that Al Mann himself would agree that most pharma prices are obscene. You can't improve much on what nature already offered.
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Post by mbracket1234 on Oct 16, 2015 15:51:03 GMT -5
Dead Man Walking
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Post by babaoriley on Oct 16, 2015 16:00:28 GMT -5
And one of the things that really burns me about Marty - how can a total blowhard punk like that intimidate the FDA. For those that don't know, from all reports, he sunk us on that second CRL with a last minute letter to the FDA, whereupon the FDA folded and gave Marty a very large gift.
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Post by mnholdem on Oct 16, 2015 16:11:38 GMT -5
Those were the infamous Christmas Eve emails, where many wondered how Shkreli got his hands on the personal emails of FDA officials. I wonder if the Feds will get their hands on any correspondence. What a scandal if it turns out that former FDA chief Margaret Hamburg's hedge fund hubby was the mole. Man, it wouldn't get any better than that.
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Post by esstan2001 on Oct 16, 2015 19:10:12 GMT -5
mnholdem the biggest markups are for cancer drugs, often 90+% profit. Because the patient is desperate. The big pharmas say they need the money for innovation and research but the trends have been to downsize research, merge and lay off staff, and generously reward shareholders, B.O.D. and the usual cronies. Seriously, most of the new ideas come out of universities with almost no compensation, the big corporations have legal staff by the hundreds to sponsor and poach. I am certain that Al Mann himself would agree that most pharma prices are obscene. You can't improve much on what nature already offered. Al may likely agree, but for reasons he stated to Margaret Hamburg at some Michael Milken Institute annual gathering a few years ago, and even before the Skrelli incident- that it costs way too much for a company to develop a drug that jumps all the hurdles put into place by overzealous regulators at the FDA that have no concept how to make a rational benefit / risk assessment; IMO (from this and other drug Advisory committee meetings that I followed) I believe they are now so risk averse that they only know how to cover their arses to protect their cushy govmnt jobs. There is a youtube video of it that I am sure you can find if you search Al Mann, FDA, Milken Institute; I think start listening starting around 53 minutes in to catch Al. |
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Post by saxcmann on Oct 16, 2015 19:29:49 GMT -5
mnholdem the biggest markups are for cancer drugs, often 90+% profit. Because the patient is desperate. The big pharmas say they need the money for innovation and research but the trends have been to downsize research, merge and lay off staff, and generously reward shareholders, B.O.D. and the usual cronies. Seriously, most of the new ideas come out of universities with almost no compensation, the big corporations have legal staff by the hundreds to sponsor and poach. I am certain that Al Mann himself would agree that most pharma prices are obscene. You can't improve much on what nature already offered. Al may likely agree, but for reasons he stated to Margaret Hamburg at some Michael Milken Institute annual gathering a few years ago, and even before the Skrelli incident- that it costs way too much for a company to develop a drug that jumps all the hurdles put into place by overzealous regulators at the FDA that have no concept how to make a rational benefit / risk assessment; IMO (from this and other drug Advisory committee meetings that I followed) I believe they are now so risk averse that they only know how to cover their arses to protect their cushy govmnt jobs. There is a youtube video of it that I am sure you can find if you search Al Mann, FDA, Milken Institute; I think start listening starting around 53 minutes in to catch Al. Started on 50 mins to hear Al. |
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Post by vissertrades on Oct 20, 2015 9:45:59 GMT -5
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