I think YOU are not knowing about what you are saying. But it doesn't make sense to argue with people with such a mentality - there is just a huge mental deficit in humanity. It's like trying to explain to a blind person what color is. And maybe he argues logically, but it is the logic of inhumanity, the logic of predatory capitalism.
What the guy is saying is absolutely logical, and if any of you actually listened to what he was saying. It wouldn't be that hard to understand, we're talking about a drug that wouldn't have been in market. If it wasn't for him, basic economics and wanting to stay in business is what lead to the pricing. To claim any of you would do different, is nothing but a lie.
No it is not. If this drug is only for a few hundred people and cheap to make, then the company that took the loss was the company he bought it from who funded the R&D, which is 99% of the cost of the drug and a one time cost. That company tried to sell Daraprim to many other companies when they realized how much they were going to lose on it. This drove the price down thus leading to them "cutting their losses". Pharmabro bought it at a discount, he didn't need to pay back the R&D because it was already paid for by the other company. Printing a bunch of already invented drugs is cheap as hell. This guy went up there and lied, hoping people would get sucked in by the spectacle and outrage culture in equal measure and not bother to stop and think about it.
@@CHURCHISAWESUM The drug was invented in 1953. Not 2013, not 2003, but 1 9 5 3. It is absolutely a dated drug that could see an improved replacement, but no corporation has the incentive to do so for such a drug with low margins (due to the broken healthcare system as a whole, not just pharmaceuticals), the low amount of patients, and the short and completeness of the treatment schedule. Any other company is free to produce a generic to compete but don't due to the aforementioned factors as well as strangling FDA regulations.
@@kevc015 he said that he will pay to the people that are not covered by insurance. He basicly hit on the insurance companies. Pharma made insulin 100-200$ and there are at least 40-50 milion americans that have diabetis.
Another example of the media inaccurately portraying someone/something and nefariously shaping the public's opinion. The reason you're hearing about this guy is because he's a 'villain' to the big pharmaceutical companies/system (which is entangled with the media), not the every day person. This guy is the every day person's hero.
Imagine if we had these kinds of conversations with marijuana dealers: "Why is marijuana 3000 an ounce? It's just a weed that grows in the ground with no special needs other than sunlight and water." No one calls weed dealers greedy scumbags, not to mention coke dealers. Oh, wait, that's a different thing? Oh, you mean there are risks and costs associated with selling weed?
The most hated man is a ridiculous statement. Anything Hillary is against is likely actually in the best interest of the people.... I think he's smart and adorable. . So cocky, I think he's funny in a cute geek way.Pocket Protector-Gansta of WallStreet
For anyone bitching, understand that this man gives away about 60% of this drug to people who can't afford it. Almost all the rest is payed for by insurance companies. He's making a profit (a small one) off insurance companies, not the poor dying sick people like some would have you believe. Watch some of his stuff on youtube. Get his point of view before you bash him
Are you aware Daraprim was invented in 1953 and is considered a generic in most countries. Although due to regulation failure, a monopoly was created in the US. Which latter exploited bought the only supplier in the US and created a close distribution system. Which blocked its sell by wholesalers and pharmacies, effectively ending any competition. The drug itself costs $0.66/pill in the UK and $0.02 in Brazil, while Shkreli's company was selling it $750/pill. By transferring the cost to insurance companies, the insurance companies would cut coverage to nullify the shortfall. Which means the consumer (actually using the pills or paying the insurance company) at the end gets undercut. Imagine if the price water was price gouged, as was the case in Bolivia. Were the municipal water supply was bought and managed by company which knew nothing about their customer base. Now compare Martin Shkreli, a hedge fund manager which was a CEO of a biotechnology firm. Despite the fact Shkreli has no experience or qualifications in the medical field.
He has made it clear many times if you can't afford it, you get it for free. The media of course wants to go with the more click-bait friendly most evil man in America narrative. I think it's because Shkreli's move affected big corporations, not people, so the corporate-owned media is after him.
MissMulatto The point being as much as I hate the consumer being undercut by corporations. They will redirect their loses to the consumer, due to their fiduciary obligation to their shareholders.
skreli makes perfect sense people need to blame the government for not providing free or atleast affordable healthcare of their own. plus he is right when your company only tailors to a very very very very small percent of the population and u need to keep doing research on a product you need to charge a premium ...
I think Tucker was pretty fair in asserting himself on a few quasi irredeemable points, but Shkreli had a coherent reason for everything. I'll be honest, I've seen a few videos on this guy now and I still don't know what to think about him ....
Vlad Didenko Theres one company with one drug that other companies refuse to make.. The demand for that drug is low and theres no competition just like a communist country would sell its own government made products.
Around 2:45 he goes onto to defend the claims against him by saying (to paraphrase) that other pharma companies have discontinued important drugs that only few patients could benefit from and how those companies also hike prices. But truthfully, that’s not a valid defense, it a defense by comparison. If he really had the treatment for HIV and then hiked the price by 5000% then that looks pretty bad. Then he claims he doesn’t have a great profit margin. I don’t believe him. The govt has a right to intervene into this because, it is federal and state funded health insurance that would have to pay for the drug and this would come from US tax payer money. Pharma is heavily regulated for many good reasons (health, safety, etc...) its not like he’s selling cell phone cases here. He can’t monopolize a drug that could cure and prevent the spread of a vicious disease that is impacting millions, there should be legislative avenues to hold this guy accountable.
for future readers, you're just wrong. if you're not big pharma, you've got to spend so much on r&d that could take years before you see any revenue on it if it even passes trials, etc. profit margins go down. as said, aside from huge drug manufacturers who can cut r&d costs by just buying rights to drugs or mass producing generics, im pretty sure most/nearly all pharma companies dont even turn a profit. if he had the treatment for HIV, he wouldn't need a 5000% price hike, the demand volume will be there. i don't even want to get into the headache of explaining insurance but you're just wrong wrong wrong, sure what he did seems "bad" but that's the product of of the bigger issue
Shkreli was the only person to come on Tucks show and not get Wrekt
Can't help but love the guy, he know all the hate comes from people that don't know anything about what they're saying.
I think YOU are not knowing about what you are saying.
But it doesn't make sense to argue with people with such a mentality - there is just a huge mental deficit in humanity. It's like trying to explain to a blind person what color is.
And maybe he argues logically, but it is the logic of inhumanity, the logic of predatory capitalism.
@@vl4997 No I think you don't know what you're talking about and want someone to take your hate out on
If he has done this multiple times would it be more logical to seek to cut the expenses on the manufacturer side instead of charging more?
this dude is alright by my book.
What the guy is saying is absolutely logical, and if any of you actually listened to what he was saying. It wouldn't be that hard to understand, we're talking about a drug that wouldn't have been in market. If it wasn't for him, basic economics and wanting to stay in business is what lead to the pricing. To claim any of you would do different, is nothing but a lie.
No it is not. If this drug is only for a few hundred people and cheap to make, then the company that took the loss was the company he bought it from who funded the R&D, which is 99% of the cost of the drug and a one time cost. That company tried to sell Daraprim to many other companies when they realized how much they were going to lose on it. This drove the price down thus leading to them "cutting their losses". Pharmabro bought it at a discount, he didn't need to pay back the R&D because it was already paid for by the other company. Printing a bunch of already invented drugs is cheap as hell. This guy went up there and lied, hoping people would get sucked in by the spectacle and outrage culture in equal measure and not bother to stop and think about it.
@@CHURCHISAWESUM The drug was invented in 1953. Not 2013, not 2003, but 1 9 5 3. It is absolutely a dated drug that could see an improved replacement, but no corporation has the incentive to do so for such a drug with low margins (due to the broken healthcare system as a whole, not just pharmaceuticals), the low amount of patients, and the short and completeness of the treatment schedule. Any other company is free to produce a generic to compete but don't due to the aforementioned factors as well as strangling FDA regulations.
@@kevc015 he said that he will pay to the people that are not covered by insurance. He basicly hit on the insurance companies. Pharma made insulin 100-200$ and there are at least 40-50 milion americans that have diabetis.
"Not to brag but I wouldn't know about Viagra" - Tuck
That had me lol
Martin Shkreli is a HERO.
Trumps opening up bidding on drugs from Canada.. Will help out our old folks in a huge way..Free Market is the way.
All of my VA Drugs come from Canada :)
Chris Crawford Thankyou for your service. And yes, now the General public needs that access also.
Canada's drugs are cheaper because they regulate their prices. If it's ok for them, why is it not ok for us?
Another example of the media inaccurately portraying someone/something and nefariously shaping the public's opinion. The reason you're hearing about this guy is because he's a 'villain' to the big pharmaceutical companies/system (which is entangled with the media), not the every day person. This guy is the every day person's hero.
Imagine if we had these kinds of conversations with marijuana dealers: "Why is marijuana 3000 an ounce? It's just a weed that grows in the ground with no special needs other than sunlight and water." No one calls weed dealers greedy scumbags, not to mention coke dealers. Oh, wait, that's a different thing? Oh, you mean there are risks and costs associated with selling weed?
Free this man! His voice and intelligence during these times is needed
The most hated man is a ridiculous statement. Anything Hillary is against is likely actually in the best interest of the people.... I think he's smart and adorable. . So cocky, I think he's funny in a cute geek way.Pocket Protector-Gansta of WallStreet
You look like you give great head.
For anyone bitching, understand that this man gives away about 60% of this drug to people who can't afford it. Almost all the rest is payed for by insurance companies. He's making a profit (a small one) off insurance companies, not the poor dying sick people like some would have you believe. Watch some of his stuff on youtube. Get his point of view before you bash him
Man Kev exactly. In my view he is doing nothing wrong because it is legal.
Are you aware Daraprim was invented in 1953 and is considered a generic in most countries. Although due to regulation failure, a monopoly was created in the US. Which latter exploited bought the only supplier in the US and created a close distribution system. Which blocked its sell by wholesalers and pharmacies, effectively ending any competition. The drug itself costs $0.66/pill in the UK and $0.02 in Brazil, while Shkreli's company was selling it $750/pill. By transferring the cost to insurance companies, the insurance companies would cut coverage to nullify the shortfall. Which means the consumer (actually using the pills or paying the insurance company) at the end gets undercut. Imagine if the price water was price gouged, as was the case in Bolivia. Were the municipal water supply was bought and managed by company which knew nothing about their customer base. Now compare Martin Shkreli, a hedge fund manager which was a CEO of a biotechnology firm. Despite the fact Shkreli has no experience or qualifications in the medical field.
He has made it clear many times if you can't afford it, you get it for free. The media of course wants to go with the more click-bait friendly most evil man in America narrative. I think it's because Shkreli's move affected big corporations, not people, so the corporate-owned media is after him.
MissMulatto The point being as much as I hate the consumer being undercut by corporations. They will redirect their loses to the consumer, due to their fiduciary obligation to their shareholders.
ManKev one thing to consider WHO pays the Insurance Companies ? The Government has NO money of their own only what they take from us
i hate him but shkreli is the greatest troll in history
NO Trump is
Free Martin Shkreli.
skreli makes perfect sense people need to blame the government for not providing free or atleast affordable healthcare of their own. plus he is right when your company only tailors to a very very very very small percent of the population and u need to keep doing research on a product you need to charge a premium ...
basically taking money from corporations, and invest it in new drugs research
"Not to brag but I wouldn't know" hahaha
Weird, Tucker just made this guy look redeemable, hmmmm
Michael Considine
This guy did nothing wrong and has done many good things.
I think Tucker was pretty fair in asserting himself on a few quasi irredeemable points, but Shkreli had a coherent reason for everything.
I'll be honest, I've seen a few videos on this guy now and I still don't know what to think about him ....
You did not come with security. Lol
Free market, isn't it? All of you conservatives should be praising him, not bash him.
Vlad Didenko Theres one company with one drug that other companies refuse to make.. The demand for that drug is low and theres no competition just like a communist country would sell its own government made products.
Speak from the heart, Kama it will come around.
He makes liberals go mad, so i like his baby face, he is a good guy in my books.
the clintons got him
Prison!
That interview was way too short, or is there a longer version?
This guy reminds me of Derrick from step brothers
I think Tucker loves Shkreli. He made his shekels brilliantly
Martin shkreli really needs to honour his promise and realese his unheard music collection
of: Nirvana, Wu-Tang and Beatles!!!
5000% = 50x price increase.
not sure why they use percent when saying 50x is more intuitive
I wish you would talk about Britney , it's like the easiest person to target if in harming wanting for others. because she goes with things sometimes.
Peewee’s doppelgänger
Around 2:45 he goes onto to defend the claims against him by saying (to paraphrase) that other pharma companies have discontinued important drugs that only few patients could benefit from and how those companies also hike prices.
But truthfully, that’s not a valid defense, it a defense by comparison. If he really had the treatment for HIV and then hiked the price by 5000% then that looks pretty bad. Then he claims he doesn’t have a great profit margin. I don’t believe him. The govt has a right to intervene into this because, it is federal and state funded health insurance that would have to pay for the drug and this would come from US tax payer money. Pharma is heavily regulated for many good reasons (health, safety, etc...) its not like he’s selling cell phone cases here. He can’t monopolize a drug that could cure and prevent the spread of a vicious disease that is impacting millions, there should be legislative avenues to hold this guy accountable.
deraprim doesnt treat HIV...
for future readers, you're just wrong. if you're not big pharma, you've got to spend so much on r&d that could take years before you see any revenue on it if it even passes trials, etc. profit margins go down. as said, aside from huge drug manufacturers who can cut r&d costs by just buying rights to drugs or mass producing generics, im pretty sure most/nearly all pharma companies dont even turn a profit.
if he had the treatment for HIV, he wouldn't need a 5000% price hike, the demand volume will be there.
i don't even want to get into the headache of explaining insurance but you're just wrong wrong wrong, sure what he did seems "bad" but that's the product of of the bigger issue
America is just coming apart... what a joke!
Deprapin have no patent....you didn't made it....you just bought licence and sell 5000 percent...
How is this guy still alive?
Amazing, isn't it? The most evil people on this earth are still alive.
Rayne Ryan this guy is legit.
Well this didn't age well...
Why not?
@@verysadgrill because op thinks he went to jail because of the drug price increase lol
Skip to 7:19 bahahahaha
smarmy
Its so satisfying to know he's in a jail cell now. God is great
Why is that?
Karma would be served if he contracted a deadly disease and couldn't get the drugs he needed.
it cost millions to make the medicines. lmao lies
I know right
It cost 2.7 billion not millions
Okay, then go make some and help us all out.
The aquisition cost 50 million
Educate yourself before speaking. Otherwise you sound like a complete idiot.
hate me plz more