Martin Shkreli talks drug pricing on MedCity News MedHeads (Sept. 25, 2015)

[@alvinmwangi]

Martin is one of the best examples of what thousands of years of human society development can produce. People who are smart enough to grasp rare concepts and opportunities and do not have to cater to the whims of the mob/group think. I applaud this guy. 7000 years ago he would be the dude who went to milk the first cow and trade you his milk for hide lol, people would've prolly thought he was witch!

[@coryleblanc]

huh? cow milk is for cows, so...

[@TopLists]

Martin isn't a bad guy.

[@blee3205]

+Top Lists yes he is. how can you say that. hes talking out of his ass.

[@TopLists]

+ty gable You didn't address any of Michael's points.

[@blee3205]

i did in another comment. the main point of his i hate is that we have to jack the price up for r&d.

[@TopLists]

Warren G. Harding It sounds like you didn't like him to begin with and your projecting that onto his behavior.

[@blee3205]

finally some sanity.

[@5683wyatt]

he deserves to be paid! Insurance companies and the media are the true horrors of society

[@campherkurt2]

I like this guy... He focuses on stating facts and gets straight to the point. He has donated money, worked on rare drugs and seems very level headed. Keep going bro.

[@Jupiter1423]

@Snow Removal in Calgary what about it was a lie?

[@niikurasu2855]

@@Jupiter1423 Nothing

[@gickygackers]

@Snow Removal in Calgary nope

[@daudidaudi]

Too many thug life WINS for Shkreli in this interview.

[@austinrodriguez3174]

Yup

[@cainification]

"I still think John's a moron for the record" lol Shrkeli about that Thug Life for real

[@dalewentworthson5579]

cainification his lack of giving a fuck is inspiring

[@MrAntihumanism]

The only problem with this interview is that Shkreli seems to be the only one informed enough to make an argument, everyone else is looking on this issue from the outside.

[@Vishuddhabbbx]

I'm a business major who wants to be a pharmacist. He did the best thing. The drug wasn't profitable which means it wouldn't keep up with the evolution of diseases. He raised the price to a reasonable number, where they would get THE CURE to a certain disease that we really need to get rid of, to a break even point. Either don't raise the price, the disease doesn't get taken care of, more people get it, and the company can't pay for that drug to be made OR raise the price, see how the market reacts (not people's opinion), reduce the price to a stable amount that goes with supply and demand and get rid of the disease.

[@htko74]

this is the first intellectual comment I've seen on this vid

[@verjuyjdhter7341]

+ThrashMcAlister you're out for profit and that's all you care about. no one is buying your bull crap martin

[@LTrotsky21stCentury]

+ThrashMcAlister And now him being in jail is "the best thing."

[@brandonluco]

Well I now understand why and in all honesty I know he is not lying about the reason, it's a rare disease and he can barley flip a profit and in order to make the drug better and less harsh on patients he will need to make profit. Glad I live in Canada is all I can really say here, America you need a severe change in your healthcare system and this guys actions are why.

[@Adam-bp7kw]

+Brandon Luco This guy is full of it. Medical professionals are saying a better drug isn't needed. He was just caught being a sociopath and is now trying to make excuses.

[@brandonluco]

annoyedchris Woah... A better drug isn't needed? Read the side effects here www.webmd.com/drugs/2/drug-634/daraprim-oral/details#side-effects, the drugs he was talking about will eliminate these side effects. I don't agree with his drastic moves but at least he's more open and willing to listen then any other hedge fund manager out there.

[@barbaramartin5183]

+Brandon Luco ID (infectious disease) specialists on the record--who've actually prescribed Daraprim to patients with toxoplasmosis (unlike Martin Shkreli)--say that a better, safer Daraprim is not needed. But an affordable Daraprim is very much needed. Shkreli's retroactive defense of the Daraprim price hike (and "hike" is really too soft of a term) is highly questionable, if not outright bunk. Turing/Shkreli are basically saying, "Allow us to legally exploit/rape patients, insurance companies, and the government [Medicaid mostly, in the case of toxo]--but really in just a tiny way overall--so that we can create a better drug. Nevermind those 'experts' who say that a better drug really isn't needed. That's not the point. Or better yet, those so-called experts are morons, who don't know what they're talking about. And once we've exploited/raped the system, and we think we have enough cash, we'll follow through with the creation and testing of an unnecessary 'better Daraprim.' Really, we will. Trust us. But gosh, if we have to lower the price of Daraprim, those poor patients will ultimately suffer because we didn't have enough cash to create a 'better Daraprim.' And really, if we're about anything, we're all about the patients, because Martin Shkreli can pronounce big medical words." It's all hogwash.

[@superlativeconspable]

+Brandon Luco sorry but believes in independent business

[@r3pulsion719]

+Brandon Luco Exactly, I'm glad I'm not the only one thinking this right now.

[@alkhawarizmi1667]

I actually believe him! its just that the mass of people are to stupid to understand that Martin Shkreli is actually helping humanity.

[@speakyopeacetv6795]

Exactlllly

[@HowDyaYouLikeMeNow]

You mean "too" stupid? I guess his supporters aren't much smarter...

[@coryleblanc]

how has he helped humanity?

[@genxchas]

He exposed big pharma he's an hero

[@danielmarrama9083]

Goddamn, this is painful. Martin explained the situation like 5 separate times, and they still didn't get it.

[@shkrelimaria]

What Martin forgat they didn't learned that yet! Martin Shkreli is a God gifted individual since he was a yung kid! God bless you genius Martin Shkreli!❤

[@aminozuur]

Thanks for the video. Shkreli is the bomb, he is underrated and hated for all the wrong reasons.

[@TheFukkup]

break even price is 750? so they been funding 50% of this product for 75 years?

[@joramnikam4063]

That's our guy.

[@ChrisTrovato]

our dood shkreli

[@allstarmark12345]

Love this guy. His actions make him Saint. His words make him a troll.

[@LeeDahle]

Your money or your life. Just another stick up in the wonderful world we live in.

[@elizabelle1967]

Martin is a hero. He dropped a domino that is going to be the start of making all the other ones fall.:-))))

[@moreshige]

He talks about having zero revenue as a CEO now. But once his company goes public how many shares will he own ? And once the first quarter Financial Statements come out, then people will know how much will go to R&D.

[@operationgreyscale]

My first impression of all this a few days ago was in tune with the headlines: "greedy spoiled rich brat raises price of drug through the ceiling." But there's always "more to it" that goes on behind the scenes which few see. I'm curiously interested in the altruistic undertones alluded to by Mr. Shkreli, while acknowledging that unless I'm directly involved in his business, that it's none of my business to judge. I'm not the one pouring my life's efforts into this field; so I can't honestly say how it should be done - if the goal is to achieve a better result than what presently is. And if I were to be his moral judge, I'd be first asking the people who use this drug, and the people who are the recipients of his charity - before I'd ask the opinion of those who aren't. Thanks for this video.

[@redfirekla]

Martin donated 10million of his own money to Charity no one ever mentions it in the media, one of the differences regarding daraprim is Martins prices are affecting the companies that can afford it, and the cost to the poor and other consumers is virtually free. All the other pharmacist company's increase the price for the poor and no one talks about it their voices are never heard. Martin is a straight up boss don't give into pressure keep taking care of the patients and continue to be the boss by being 10 steps ahead of anyone trying to challenge you lol.

[@coryleblanc]

citation for his charity please

[@mrfish4lyfe]

free martin

[@maman89]

Pretty consistent Martin.

[@F_And]

You need to do a prison phone interview

[@doublebeatloaf]

The problem is he's asking dying people to fund his research instead of getting capital from investors to conduct R&D. Don't put the cost of R&D on people that have been paying $13.50 for a drug that's 6p years old, who's R&D was paid for many times over. future R&D needs to go through venture capitalists to raise money. Really bad business practice doing this.

[@shollere]

+Jason Delmarty That is ultimately what happens through this process. With such low volume of sales they can't turn enough profit to attract investors unless they charge these prices.

[@HardTrancid]

No one uses his drug. Why people made a big deal of it makes me shake my head.

[@gibbethoskins8621]

The insurance companies and his competitors are gonna brutalise this guy, you're talking about one of the most gangsta industries out there. He's headed for a fall. Rookie.

[@ChrisTrovato]

still doing his thing

[@garyha2650]

Sincere question: Why not Monensin in people? It is used in animals against Toxoplasmosis (helps protect us since we eat them).

[@filmtorres]

Martin Shkreli: "I'd gladly pay you Tuesday for a hamburger today."

[@irdial]

+tikiedit WIMPEY!

[@alexcarlos4612]

if you watch more of his interviews you can tell he bought this company to make it better because the drug is out dated. he didn't do it for the money. if he had bought the company just to make money he wouldn't be so informed, he would pay someone to do that for him. by the way his sister was dying from a deadly disease when he was younger which opened his eyes to this profession.

[@Hottstocks]

Why isn't it fair!? Why isn't it free!? Why do people have to work and pay for things!? WHYYYYYY!!!!?? BOOOOOO HOOOOOOOOO!!!!

[@MJ-ml2vz]

l see it that Martin Shkreli has done the right thing!

[@moreshige]

Are these other drugs, LIFE SAVING DRUGS? I think he avoids this issue.

[@actualideas8078]

22:55 Do you have any regrets? Martin: ummm... for saving people’s lives? No

[@ValmisFilm]

what program did you use to do this LIVE or recording? Look a cool program, would like to try it.

[@NoahDiamond-Firearms-LLC]

It seems as if he is aware that he made several personal mistakes, but he doesn't word them in any direct manner. I do not see how he would not be aware of the repercussions of his actions. Due to the lies he has to say about his life (not that his personal life should matter), it is not possible to see what is true and what is dishonest in what is being said.

[@CaliburMan]

These comments are what is wrong with the media. Find out the whole story and publicize it, otherwise we got idiots in here bringing down this dude when they don't know how the system even works.

[@valeriemartinez9074]

i feel that because of antibiotics being so cheap is a problem as well and is being used as an easy option and then when we really are sick it doesnt work. as well anymore its so cheap they are giving it to animals that we are eating is this guy bs us i dont know i dont see him as a bad person we live in a country where if people are poor they can get medicaid if they are sick i feel bad for people in other countries and people in middle class i just hope that this company really does find better cures with the money they make

[@darkxoasis]

Even if you're charging $750 to insurers, that hikes up the price of insurance immensely, even if Daraprim is only being sold to 2,000 customers.

[@CaliburMan]

+mlk960 No it doesn't. Insurance company policies aren't priced on 1 particular drug. They make millions with others. This is why people though this is news but it isn't. Its just ignorance on other peoples parts, and the media giving them ideas.

[@user-td7xf3gz4l]

These people are capitalism haters

[@eblgraphics]

It's called a principle. A concept you all seem to ignore. Change know is inevitable. People will keep on talking and those votes are going to focus the politicians.

[@manoellevy7867]

Martin's IQ > (Panel's IQ x 3)

[@bobjohnson9469]

So he's sticking it to the insurance companies.... good!!!

[@blitzburner4122]

one thing about this guy is that he's one good bullshitter. lots i can learn from him.

[@zelon88]

You need to stop making excuses. Nobody cares if you believe you are right. Millions of people think you are wrong... So you are wrong. Stop arguing, stop defending. There is no defense for you. Nobody will hear it. Just accept what you've done, put it in the back of your mind, and use it as a guideline for the future. Whether you're right or wrong there is a lesson in this. Heed that lesson and put this to bed for yourself. Say "I'm sorry."

[@momyrandersson]

+PlatinumRacing The Majority are not correct just because they´re a majority.

[@JM-fp3gf]

>Millions of people think you are wrong... So you are wrong. Stop arguing, stop defending. Millions of people thought the world was flat.... So the earth was flat.

[@zandymoss]

martin always on the prowl for poon

[@2009account]

+yo yoesrs shit got me laughin lmao

[@fbn0801]

I have trouble to judge his character and his primary motivation. In the CBS interview he stroke me as a prick who bought a company because he seek the opportunity of rising costs and earning huge profit out of it. On the other hand, on this interview he strikes me as a guy who saw an opportunity on this company to bring research and evolution to this drug that hasnt seen much evolution in the past years and presents many side effects that cause patients to quit their treatment. I want to go more with this interview strictly because buying a pharmaceutical company that treats Taxoplasmosis isnt necessarily the best way to earn huge profits. There are thousand other companies you can invest on that will give you 10x more money than this.

[@LTrotsky21stCentury]

+Fabian Moreno How does he "strike you" now?

[@fbn0801]

LTrotsky 21st Century He screw his millionaire investors, I guess that's a good thing? Idk.

[@LTrotsky21stCentury]

Fabian Moreno He also raised the price of a drug needed by children with intestinal parasites. By a billion percent. Or something. i was kind of hoping for 'scumbag' - but I guess we'll have to settle for 'screwed investors' since that's the best you can come up with.

[@fbn0801]

LTrotsky 21st Century He was not prosecuted for raising the price of that drug. Blame the game not the player, as unethical as it is he is doing something the system allows you to do.

[@LTrotsky21stCentury]

Fabian Moreno I know. I blame the player and the game. Capitalism is not unethical, but it is also not ethical either. A system aimed at accumulation has its symptoms, Shkreli is one. That doesn't mean you don't make moral choices within that system. He did.

[@kryeknelson7607]

Boy Martin sounds even more innocent after the covid thing ands jabs.

[@ChrisTrovato]

he supports tf out of vaccine

[@kryeknelson7607]

@@ChrisTrovato shhh you re just a pleb.

[@jamesnite2157]

@@kryeknelson7607 Shkreli would lump you in with all the people 8 years ago who were as uninformed about pharma as you are.

[@grishton61]

C'mon, Man. If you're gonna pick on a company for non-innovative drug hyper-pricing you have to start with Celgene.

[@supersaltyy]

What is that hairstyle called? I love it. I'm going to call it the Shkreli. Can't wait to try it out on my next visit to the barber!

[@shkrelimaria]

It's in the jeans!

[@angelo212]

Anybody know if he has bodyguards everytime he is out in public or at work?

[@mick7sp]

So it's perfectly OK to ripoff the insurers? Nice logic, Wonder who must be in bed with the health care companies.

[@DillingerR]

Why does everyone's eyes look kind of big?

[@coryleblanc]

his hair: S

[@LTrotsky21stCentury]

Bye Martin. If you want to hire a prison prep consultant, I know a few. The fee is *everything you got.*

[@MrJoking4fun]

He's gonna be BUBA'S BITCH

[@actualideas8078]

ⒷⒶⓃⒼ|ⒷⒶⓃⒼ sure

[@eatassdaily5314]

@@Bangs_Theory yeah

[@Bangs_Theory]

@@eatassdaily5314 yeah what....lol

[@PrivateAckbar]

If I just met him I would say this bloke was a democrat.

[@actualideas8078]

29:15 dude that girl just doesn’t get it...

[@bradhicks1232]

Look. I understand that you believe all this outrage comes from ignorance and misunderstandings, but why, why, would you have a snarky comment like "

[@ickyspliff112]

This guy clearly lines up with blatant sketchy business model of having the taxpayer pay for his "research", and because he is "comitted" to do it. What a clown, just listen to him say how small his fraud is compared to the whole industry, he is basically saying he will only still $5 dollars per insuranced individual and a little bit more from the government to pay for his company's operations and research. This is whats going on and why health care is sky rocket high, glad he is accidentally pointing out the flaws in the system and how corporate america uses the system to do free research and have the taxpayer pay for it... and in the end of it still have a protected patent they own!!! Who is going to own the patent of this new taxpayer funded pill to combat toxoplasmosis? I assume its going to be public domain and anyone will be able to make the new pill.

[@janeDoe-ru2xy]

The name Shkreli comes down from a tribe who converted to the Islamic cult who are of Syrian decent. Does his death toll prices make sense now?

[@lukivah]

+jane Doe Death Toll Price? I can tell you didn't listen to a word he said.

[@janeDoe-ru2xy]

lukivah I did listen to a word. It was "cure", there are no cures for most of the illnesses and no life without buying their pills and living on them forever.As a small business owner, this Obama expense I have to dump on customers. Insurance dropped us. My employees went from $20.00 a week up to $400.00 a week (all out of pocket until they spend 2 years income) who could not afford it, which means NO healthcare for them. One persons meds cost for 28 days what they made in a year BEFORE taxes I have to pass it on to customers who are creating this huge jump in cost of living.. If I hauled this pharmas meds, I would charge hundreds of dollars per pill to cover cost of living for my employees. I am not impressed with this guy saying he "donates" millions to charities as a matter of fact I'm disgusted, it's a tax deduction passed on to tax payers. Donate means to give and not expect or take in return. He gives away meds? Again dumped on tax payers as a "loss". If they were affordable, everyone would be able to afford healthcare.

[@TheFukkup]

strickly numbers. no soul.

[@thenoeggplantzone]

The psychopath is freekin reading O.o

[@infiltr80r]

He's a slippery fish. Avoids certain questions by focusing on irrelevant facts (500bn industry etc). Also talks about having no salary, right, but he's a shareholder in the company, that's where the real money comes from. Steve Jobs had a $1 salary, doesn't mean he didn't make a fortune.

[@lukivah]

+infiltr80r What's your point? If he and Steve Jobs both say/said they had no salary, and they don't/didn't, what bearing does that have on how much money they make? Do you want him homeless? Slippery Fish you say, I heard him answer the questions quite clearly and succinctly.

[@infiltr80r]

lukivah At times he clearly evaded the questions. The point is, he's trying to say how awesome he is for taking $0 in salary yet it's completely and utterly irrelevant - it's typically only done for tax reason. I owned a company before, had zero salary as well, does it make me better than others? nope, in fact it's irrelevant. Summed compensation matters, salary alone is a completely useless number these days.

[@brndn2208]

Research and development cost a lot of money so of course he's going to have to raise the price on some drugs to cover the cost... he actually gives a shit but people make him look like the bad guy only because he don't put up with their shit.

[@38Gaucho]

I hope Skreli has bodyguards. THAT'LL MAKE IT MORE OF A CHALLENGE.

[@ChrisTrovato]

dude lives in his same apartment for years now, even now lol streaming nightly, he got goons he'll be fine

[@sprinkles512]

he was that weird kid

[@christianjoelstraight3453]

in a mansion now cell lol

[@joshuain2771]

and while he was in the cell he learned more than you have your whole life

[@victorslavick3872]

The last 36:14 question Shkreli clearly dodged, by tactfully repeating his main talking point about research on toxplasmosisasjh whatever metabolic pathways... for both the active and latent disease... "I'm gonna Change the WORLD!" Like he honestly even cares how that transformation unfolds for the 99% that aren't millionaire capitalist. What he and other drug companies are doing will/is having a negative effect on people's health insurance premiums across the country. The "conversation" we need to have about pricing involves providing more transparency to break even cost, and perhaps not allowing technocrats to completely exploit and take advantage of people who can't possibly be a part of that process...? Oh wait I have a better idea; let's just make the scientist monarchs!

[@michaelhernsin]

Victor Slavick you sound ignorant

[@victorslavick3872]

michaelhernsin ignorant of what? the technocracy is unfolding before your very eyes; it's just a secondary result of the oligarchy, just look at what's happening in California. And if you think Martin uses the proceeds of his company primarily with research, where is your evidence beyond his statements? Are his employee by any chance? So tired of people defending this cheapskate narcissist for no other reason than being his butt-boy fan.

[@victorslavick3872]

michaelhernsin I get his company needs money for R&D more than other companies that manufacture more profitable drugs. But his insistence that pharmaceutical companies should be immune from government regulation is absurd. We should be subsidizing rare drugs, instead relying completely on market forces. Ever heard of oil subsidies? those are for R&D. Why can't we treat drug companies like the necessity they are?

[@Adam-bp7kw]

He really just needs to shut up. He just comes across as so smug and unlikable. He needs to grow a mustache so he can twirl it when he talks his sociopathic talk.

[@chuk90]

A huge profit to develop a new better drug? Does this company even take an effort to make a donation page for people to help the development? Probably not, then you'll see the characteristics of the company: PROFIT. I don't trust this guy would use even 20% of profit for that purpose.

[@krgrief]

+chuk90 they give about 70% of their drug for FREE. you idiot, he's taxing the insurance companies, the'yre THE ONES who are paying full price.

[@chuk90]

And how does insurance companies get their profit? The costumers have to pay more than it should be for insurance costs.

[@krgrief]

Daraprim makes up something like .. 0.00001% of the drug market in cost. The customers will be paying fractions of a cent more.

[@Monscent]

Well first of all they are not making a profit at the moment. Im sure you can contact them if you want to donate. Just email or call the company lol. Every company needs profit to stay in business btw. How would you like it to work?