You should do more reading, because if you did you would realize what comagnum also realized. For the non insured he charged a whopping $1 for it. He basically shoved a stick in insurance companies asses. But irregardless, pumping up drug prices because you have a patent is basically how pharma makes money. Welcome to capitalism.
How you people continue to get sucked in by narcissists over and over while they screw you and you continue to adore them is....well an interesting study in human psychology to put it nicely.
First off, you do realize that insurance is a risk pool and "shoving a stick in insurance companies asses" was shoving a stick in your ass if you were insured because you paid for it, don't you?
Second, manipulating stock prices is capitalism. Dumping arsenic in the river in front of your plant is capitalism. Buying out all your competition and forming a giant monopoly is capitalism. Capitalism isn't a religion, it's a system that works very well but breaks down in certain circumstances. Orphan drugs is a classic market breakdown, so much so that it makes it into business school case studies along with the other 3 examples I listed. We don't have complete unbridled capitalism in this country and thank goodness for that. Welcome to the United States.
This jackass wasn't following the pharma model of spending big bucks on research and amortizing that over the few successful drugs you get out the other end of the pipeline for the duration of your patent. That's an honorable business model, although we can argue about what an appropriate level of profits is. He acquired a drug that didn't have a generic version yet for very little, one that he did nothing to develop. He then jacked the price up solely to line his own pockets, then claimed (never verified) that he sold half of it for $1 when he caught heat for it. Note that at the same time he claimed that they sold half of if for $1 they also claimed they were going to lower the list price and then never did....this whole narcissist making up facts as he goes, only doing something when he get's called on it, then never actually following through on his promises starting to sound familiar?
It really says a lot about anyone who would defend this asshole, not sure if you're just a sucker or really find anything he did admirable. I wouldn't certainly hope it's the former, the latter says nothing flattering about you.
