“Side effects of An Unexpected Illness can include crippling, lifelong debt. Consult with your financial planner before beginning a course of disease or disability.”
Martin Shkreli, the infamous “pharma bro” who jacked up prices on lifesaving HIV/AIDS medication and earned himself a seven year prison sentence for fraud, will remain in jail after the U.S. Court of Appeals for the 2nd Circuit affirmed his 2017 conviction, NPR reports.
The three judges overseeing Shkreli’s appeal all ruled against him. Along with having to complete his seven-year bid, the judges also affirmed the ruling that came with Shkreli’s conviction that he would have to forfeit over $7.3 million in assets — a sum that included the one-of-a-kind Wu-Tang Clan album, Once Upon a Time in Shaolin, which he bought for $2 million. The appeals court also ordered Shkreli to pay $388,336 in restitution and fork over a $75,000 fine.
Shkreli was found guilty of misleading investors about the stock performance of his hedge funds MSMB Capital and MSMB Healthcare, while he also used money from his pharmaceutical company Retrophin to pay off investors and personal debts. In total, Shkreli reportedly cheated investors out of over $11 million between 2009 and 2014.
But on the “bright” side, of 44 prescription drugs advertised on TV that I noted, only 4 did NOT have potentially deadly “side effects”. (And cannabis works better than several of them, and has killed exactly zero people!)
Exceptional also in our infant mortality rate. According to the CIA World Factbook, we rank 55th, behind all developed nations. And behind Cuba and Belarus.
The federal government funds research at universities that come up with drugs. Then, after the work is done, drug companies buy the intellectual property and charge outrageous prices to US citizens for the drugs those citizens paid to develop. It’s a huge scam.
Bookworm over 4 years ago
“There’s gold in them thar drugs!”
Kip W over 4 years ago
“Side effects of An Unexpected Illness can include crippling, lifelong debt. Consult with your financial planner before beginning a course of disease or disability.”
Radish the wordsmith over 4 years ago
American capitalist corporations need to increase their profits every year,
who cares if you can’t afford the drug you need to stay alive?
Our share holders need their dividends.
Radish the wordsmith over 4 years ago
Martin Shkreli, the infamous “pharma bro” who jacked up prices on lifesaving HIV/AIDS medication and earned himself a seven year prison sentence for fraud, will remain in jail after the U.S. Court of Appeals for the 2nd Circuit affirmed his 2017 conviction, NPR reports.
The three judges overseeing Shkreli’s appeal all ruled against him. Along with having to complete his seven-year bid, the judges also affirmed the ruling that came with Shkreli’s conviction that he would have to forfeit over $7.3 million in assets — a sum that included the one-of-a-kind Wu-Tang Clan album, Once Upon a Time in Shaolin, which he bought for $2 million. The appeals court also ordered Shkreli to pay $388,336 in restitution and fork over a $75,000 fine.
Shkreli was found guilty of misleading investors about the stock performance of his hedge funds MSMB Capital and MSMB Healthcare, while he also used money from his pharmaceutical company Retrophin to pay off investors and personal debts. In total, Shkreli reportedly cheated investors out of over $11 million between 2009 and 2014.
Packratjohn Premium Member over 4 years ago
“Put those Rx on a higher shelf. Some people can still reach them.”
Dtroutma over 4 years ago
But on the “bright” side, of 44 prescription drugs advertised on TV that I noted, only 4 did NOT have potentially deadly “side effects”. (And cannabis works better than several of them, and has killed exactly zero people!)
Andylit Premium Member over 4 years ago
50%-55% of all new drugs are developed in the US.
Why?
meetinthemiddle over 4 years ago
Do you know what they call uncontrolled growth in that industry? Cancer.
rionmorrison69 over 4 years ago
I take one that jumped from fifty to two hundred dollars in one month.
David Illig Premium Member over 4 years ago
Exceptional also in our infant mortality rate. According to the CIA World Factbook, we rank 55th, behind all developed nations. And behind Cuba and Belarus.
MichaelMcGinnis1 over 4 years ago
The federal government funds research at universities that come up with drugs. Then, after the work is done, drug companies buy the intellectual property and charge outrageous prices to US citizens for the drugs those citizens paid to develop. It’s a huge scam.