FNN: Martin Shkreli Appears at House Hearing on Drug Pricing, Refuses to Answer Questions
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- Опубліковано 15 вер 2024
- (AP) - Pharmaceutical chief Martin Shkreli has arrived at a hearing where U.S. lawmakers want to hear from about severe hikes for a drug sold by a company that he acquired.But it's unlikely the former CEO of Turing Pharmaceuticals will answer questions in his appearance Thursday before the House Oversight and Government Reform Committee. Shkreli, widely scorned for hiking the price of a long-established and potentially lifesaving drug by more than 5,000 percent, has said he's exercising his Fifth Amendment right against self-incrimination. The 32-year-old Shkreli faces separate criminal charges of securities fraud related to another drug company. Also going before lawmakers is the interim CEO of Canada's largest drugmaker, Valeant Pharmaceuticals. Both companies have sharply raised prices for drugs taken by patients with heart problems, AIDS, cancer and other conditions.
SHKRELI IS KING
+Abe Froman king of what? king of the asshats?
+nicolaxoxo1 You just think that because of how the media portrays him, if you actually read more into it you'll realize how now a dick like many others think
Sorry, I have heard plenty from him, interviews from BEFORE his arrest......now that he is in trouble he''s been trying to do damage control, but there is no hiding his true lack of compassion.
+nicolaxoxo1 KINNNNNNNNNNNG!
king of the Dicks
I have a serious problem. My well being depends on me purchasing new iPhones and iPads. But greedy Apple keeps raising the prices of it's products. Apple should to be sued for charging so much for their devices. I only have $10 to spend but if I can't buy a new iPad Air I will probably die from depression. Please almighty government, sue these this evil company and make them charge less money for their products.
if you're well being depends on buying Apple products, then you have a psychological problem. The government will not do what they're doing to Skreli. Instead, they most likely will treat your psychological disorder. Your comparison is irrelevant to this situation.
that's the stupidest argument i've ever read. kudos.
+Simon Christian And the award for the dumbest analogy in all of UA-cam goes to...
+Simon Christian Yes, because the comparison is so equal.
+Dave Oh poor man. How long can you go without new apple-products before you perish in pain?
His arrogance is unbelievable.
Why are half of the comments on this guy's side? As soon as he 'trolls' people he's suddenly a hero? What's wrong with you people??
The politicians are the real scum but I'm not going to justify martins actions
+Jack Ashworth His intent is to bring attention to their corrupt system. If you really need the drug he will give it to you free.
Truth.
+xxuncexx i dont know if this was relly his intention but you are right,
this would be a opportunity to watch closer to the pharma industry.
...instead of lynching one guy
+Jack Ashworth He hasn't really done anything illegal. Raising prices according to demand or for any other reason isn't illegal. Should lives saving drugs be in different category? Yes. The system needs to change first.
I mean, we really needed a person like Martin to come out. If you think about, his practice isn't uncommon in the Pharmaceutical industry. Guess it takes one person to expose the problem.
If by come out you mean come out of the building to have a bullet put in the back of his head, thrown in a shallow, unmarked, uncovered grave and every penny he's ever earned reimbursed to every person he has caused to suffer debilitating illness for no other reason than his personal unquenchable greed then I agree with you.
Mr. Gowdy has kind of a cgi face
+Michael Jackson Dude... I was trying to figure it out... you hit the nail on the head.
Yep he's probably part of MK ultra mind control
He is in his early 50s and he acts like he was born in the 1920s. He talks like he doesn't understand what a webcam is, or any other sort of basic technology.
am I the only one who thought of Dave Chappelle?
+dwayne601
I wish he did it. Would have made that kangaroo court of public opinion a bit more entertaining.
+chbrules lol yes it would've
Seemed like a Chappelle sketch lol
I plead the fifth...fifff...1 2 3 4 fifff lol
+dwayne601 came to the comments to find this
FREE SHKRELI
I can not wait for the day the smirk gets wiped off that little punk's face.
Martin Shkreli is a boss.
he's a pompous little gremlin. He'll get his day one day... don't worry.
+heroinhero69 That's why he does live stream all day he probably know the government tryin to take him out
+cmurda13 I work in the pharmaceutical industry... I understand more than you ever will.
+Daniel Kurzyna thats why you are againts him. he actually give it for free for those who dont have insurance.
dmctztv That's a farce... it's an excuse used to justify these exorbitant price increases. These price increases only help the pockets of the big pharma guys and their shareholders. If they wanted to solve the crisis of patients not being able to get their medicines, they'd lower the prices to a reasonable amount and everyone would be able to get the drugs. Don't be fooled, and don't be a shill.
PS: I work in Pharmacy, and these prices not only affect the patients, but also the small independent mom and pop pharmacies that have to lay out 1000$ for a bottle of 30 pills and at times not even get paid for it.
Daniel Kurzyna no it affects big insurance companies.
He has some sort of mental illness, clearly. And I'm not saying this to be insulting. His behaviour and social interaction is abnormal and he needs a diagnosis.
+Sam Nielsen He's a sociopath just one of many out there in the corporate world, what makes him a little different is he's either so arrogant or so unaware of hows he's perceived and the consequences of that perception that he doesn't bother to hide his sociopathic behavior and instead flaunts it.
+Sam Nielsen he's a sociopath that loves attention. I think he's just a jackass with no friends and no height/facial aesthetics. I wouldn't call that a mental illness, he's just a lifelong loser.
+Sam Nielsen he's the real Christian grey
I agree
+Sam Nielsen Ah, the UA-cam diagnosis. Dr. Sam Nielsen is in every body.
Mr. Cummings may be the worst public speaker I've ever seen.
I heard that the police wouldn't even investigate this guys death no matter how suspicious it is.
I can not believe he has the audacity to sit and laugh during these proceedings. May he rot in jail.
+nicolaxoxo1 It was funny
+nicolaxoxo1 It's pretty funny watching them pretend to have a moral high ground to stand on.
+nicolaxoxo1 This is common practice within the pharmaceutical industry. Why do you care now, when you haven't in the past? Is it easy to just pretend that things don't exist and only occur when it fits your world, or are you just ignorant on the topic at hand?
Purposly
don't understand your comment "why do I care now when I haven't in the past?" I have ALWAYS cared about this issue as I and many family members have paid thousands out of pocket in medical expenses and pharmaceutical costs. Currently I buy some of my scripts from Canada because I am impoverished (due to said expenses) and can no longer afford to buy them in this country. The same durgs BRAND name not generics, cost a tenth of the cost from Canada. Something is VERY wrong with our system. As for Mr. Shkreli, hopefully one day we will get to see the live stream of him getting sentenced to jail time....one day that smirk might get wiped off his face. Even if what he did was somehow legal, it is still despicable and he has no compassion for anyone. A true sociopath, he has no remorse or concern for the misery and deaths he has caused.
Purposly
and yes I know the pharmaceutical industry is a for profit business, but his tactics are excessively greedy even compared to the norm. His constant bragging to the press just garnered the attention and hate of the American people. He deservedly became the poster child for greed and disregard for human life.
6:52
+k barber kid has mental issues...
This man is a legend!
Shkreli gonna get shreked by Shrek himself
Is justifying his actions by stating that other pharmaceutical companies, such as pfizer, do the same thing still an excuse for him? why not incriminate him? his actions are still greedy and advantageous
He raised the price of the drugs to get insurance to pay for it. He has said on his live stream that if people come up to him and tell him they cant afford it, even with insurance, that he will pay. People that are against this guy do not realize that drug companies raise prices like this just about every month. It is just because he is new to the pharma companies and not "recognized" that he is getting all of this attention in the media and are depicting him to be a bad guy. When really he is just doing things the big companies do all the time.
+Ben jamen So the fact that he pays off one debt by making another and then raising the price of a drug and using those earning to pay off other debts is the epitome of a hero?
+EricCartman113 he doesn't pay off debts. He uses the money he makes to research drugs
Ben jamen why the hell do you think he's in trouble then?
paying off personal debts with company money.
Ben jamen yeah im the ill informed one.
You are made of sugar spice and everything nice.
You gullible fool xD
***** okay ericcartman113. im sure you know a lot.
Anyone know the number of a good assassin?
5/7
+timmahduud perfect
He is called code 47
+ＳＭＯҟＥ If you're in the US just call the popo, they'll likely end up shooting someone...
+Blade x they have to be black and unarmed tho
I really don't see why people hate this guy? He bought the patent legally (so it's the Government's fault) then he makes it easier for people without insurance to be able to get the treatment. All he did was charge people with insurance more for the treatment. To all extent and purposes he's making the treatment more available.
Having him as a poster child of pharma seems wrong. People just wanted an easy scapegoat so they made do with him. The real issue are the insurance companies who charge ridiculous prices to keep you alive or the American healthcare system that allows people to bankrupt themselves if they become ill.
He is a real life super villain.
+Jeff Magee well he is just a individual person that has no power behind him to got some protection from the law, you have many companies that government support them and they have done terrible thinks like Shkreli!
+Jeff Magee don't you dare give him that much credit.
+Jeff Magee a real life sociopath
Ignorance at its best. Just because you see other people comment doesn't mean it is true. Do some research before you comment an over used comment.
it's glorious.
The only reason he was able to do this, was because of government regulations. Any person who advocates for more government regulations because of this, you have zero knowledge about how patents and regulations create this situation.
Yup
If there is no such thing as patent for drugs than there would not have this problem. Want to blame, blame those in charge of the law.
This whole situation is proof of where evil truly lies, it is primarily found in men of good intention who have no understanding of matters they involve themselves in. Martin Shkreli is simply fighting against the nationalised insurance industry, itself a product of good intentions gone horribly wrong.
The road to hell is paved with good intentions, Shkreli is simply a man smart enough to try to make that road as expensive as possible for those who are paving it.
+Coletrain you mean him paying off debts by skimming money off the top from another company shows his good intentions?
+EricCartman113 maybe charging the greedy corporations $750 and giving the drug to people without insurance free does
Space Cowboy lol he does none of that xD
Why do you believe the words of a snake?
***** you can look this stuff up, this is word from his former company. you can be ignorant and close minded all you want but the facts are out there. dont listen to the media
***** jesus christ you are so stupid
Just another example of a horrible human being PLEASE let him go to jail....They will love his ass all night long.....Shkreli time will eventually run out for you.
Martin is a *G*
We'll see if your saying that when you're on your deathbed and can't afford the treatment
+Old Guy Doing Yoga we're all going
Anyone who refused to testify should be looked at being guilty automatically. Unless it has something to do with their safety.
this guy is a G
The people who could regulate and control drug market pricing actually beg a kid to lower the price on a drug instead of bringing back regulations..This is awful.
So Congress was to make up charges against him because he didn't roll over and do what they wanted. The fact that these people are in charge of any facet of our government is disgusting. There should be an age maximum as well as a minimum to "serve". 30-60 should be the only people allowed in congress, old enough to be fully developed but too old to understand the state of the world.
He forgot to share his money with the congress.
This is the perfect example of the Anti-Hero that everyone loves.
Gee, maybe it;s just affluenza because he had money?
8:57 "On the advice of counsel, I invoke my Fifth Amendment Priviledge against self incrimination, and respectfully decline to answer your question."
The guy is a hero. Congress is lecturing this guy on how much profit he can take, yet they have us 19 trillion in debt? REALLY? GTFO of here man....
Its Amazing the amount of people hating on Shkreli. Yes what has happened is not Morally right, But no you do not have the Right to try and Assassinate him.
You where taught this in Pre-School people, Two wrongs don't make a right. Fix the System, Not the Symptoms.
Skrelli isnt the hero we deserve, nor is he the hero we want. But he is the hero we need.
Mr. Gowdy is a little out of his depth.
If he is guilty of anything and he goes to jail, he'll need his own medicine. He's a DIC.
This guy is seriously G 😁 😁 😆.. Look how his smiling when saying his been advice not to comment lol
Do you have any idea what he is on trial for? You think abusing the system by refusing to answer a single question is, what, admirable? Commendable? I appreciate that these may be long words for someone that uses the term 'g' so let me enlighten you: this guy bought the rights to a life saving and at one point very affordable HIV drug, and proceeded to increase the price from around $1 per pill, do about $750 per pill. He is profiting off the suffering of the most vulnerable in society and then abusing the outdated, medieval, but for some reason revered constitution to avoid answering a single question in court. No if you would enlighten me, what is a 'g' because if it's something like that I think you'll rethink your original comment.
PJB1995 "g" as in genius, before you spill your miserable guts to me, i meant g as in genius.. Theres nothing he done here which politicians don't do.. All big pharmaceutical company's are morally wrong when you get to the underlying ethics of why they enter deals in the first place. It's wrong to assume people don't know stuff just because they, meaning i, don't want to be this social media activist which i see many people doing nowadays. Please refrain yourself from patronising me and move on to annoy someone else, i highly doubt someone of your statue would even conversate with me in real life therefore write your paragraphs to some other person who cares about your views.. For the record i didn't need education on the background of this chap, i already know and follow him on multiple platforms.. ✌
this cant be real....
He’s a sociopath
Future ruler of the earth.
Blame the system not him!!!!
Why did he even bother going to the hearing? Was he court ordered to go?
The karma will strike pretty bad on that mofo one day!
+Jérôme D. As there is no such thing as karma.. I very much doubt it. Unfortunately..
+Karl Peach I don't think you get it. Karma is code-word for "get murdered by some vigilante."
haha, it did.. 7 years in prison babyy
The hypocrisy of this is what is so sadistically funny. Congressman, claiming someone has to be fiscally conservative or more responsible while they put us further in debt every year. It's a joke, and Shkreli should treat it so.
guy looks like he could be the offspring of Trump
Question here, if he is only charging insane amounts to pharma companies, won't they pass the charges on to the end consumer who needs the pills? People keep on saying you get the pills for "FREE" (free? Not sure I buy that) if you don't have insurance, but if you have insurance the cost for the pharma is greater. Won't they just pass it on to the consumer anyways? Is that not the problem? Surely you can't just say, "well those people should just get uninsured to get it for free."
Anyone see his Vice interview? Go watch.
Why is this on for nearly 10 mins?
I actually like Mr. Shkreli even more. Wake up people, just as Thrasymachus proclaims "justice is nothing else than the interest of the stronger. Congress has no right to go for this business transactions. Even if he raised the price of the drug, as a rational person who is designed to take the best interest of himself, what he did was just like the whole health care industry. All Shkreli is doing is making money of the insurance costs. People pay thousands of dollars over their lifetime in having insurance and a large percentage is not utilized or even used. When a non-life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. of the Of the $4.640 trillion of gross premiums written worldwide in 2013, $1.274 trillion (27%) were written in the United States. so basically 1 / 4 of the insurance premiums (profits) are based in the US. That in itself is crazy. People need to rationalize and figure out its either your eaten or being eating. Just like auto insurance. You can pay insurance for years and not get into any accidents effectively costing you thousands of dollars over the lifetime, and when you do get in an accident, insurance companies compensate for amount that is written off by increasing your premiums. In essence they maintain the premium revenue.
What the hell is going on? Is there is specific price he is required to have the drugs at?? What specifically is the law? If it's not illegal you must assume people might exploit it. Other charges are a different story.
I love this guy
The bigger issue is government. Watch Robert Welch's speech.
I hope the court gets him rather than Ghostface
I was just talking to a co worker about a similar situation... and it goes if one company raises there priceses excessively then that would open up a gate way for smaller businesses to put him out of business! Their acting as if he has the only drug pharmacy on the planet earth and his decision to rise his prices effected the whole world for eternity... I can understand that the panel of judges and lawyers that stand before him, seem to be good people that want him to be a good person but at the end of the day let him go as they did and continue to lead by example!
I lost my little remaining respect for this man because he is making these smirky little faces that discredit him completely.
That kid who plays Pete from "Mad Men" should play this guy!
A far as I can tell he is handing the drug out for very little cost to those without insurance. The big insurance companies are the ones getting taken. Mr. Cummings is oversimplifying a complex issue.
Give me an M, give me an M, give me an S! Oops.. was that too loud?
His wealth and power made him this way. He is poisoned to the core. Financial ruin is the only thing I can see humbling/curing this guy.
How does someone with traumatic brain injuries like Gowdy become a lawmaker?
put basically As long as I get money i really don't care if people die or not, gotta love the wonderful world we've made for ourselves
This guy embodies everything that is wrong with the 'Modern-day Businessman'
That's not a term.
+G Castleby for sure a very convinient way to look at things. man! your life must be easy
gurufuttlappele If you're going to try insult me, at least have the decency to spell-check. You get a Fail for your efforts sir.
+The Leaping Salmon You do realize that he gives out the drug for free for those without healthcare and is using profits to find a cure for hiv right?
MrPewpyPants I don't believe a word of it. Besides, everyone keeps going on as if the only people that end up losing out are the insurance companies, where do you think they'll recoup their losses? They'll bump up everyone's premiums, so in the end everyone is worse off, apart from this anemic man-child.
He is just exposing how corrupt the system is.
is he still an American? the court system twists your words at any chance. starting a conversation begins the process. never give your 5th amendment rights
Well that was pointless... What a waste of time and money
There used to be a JAIL at the Congress for people like him. It should be used.
Can anyone confirm whether or not Martin Shkreli's statement is true, that if someone does not have insurance he gives the drug to the patient for free? Martin mentioned this on The Breakfast Club on Feb 3rd, 2016. Also, any thoughts about that?
He has been called to the Principal's office for messing with the star quarterback.
lets get all the phamaceuticals and government heads up there too this guy is only a scape goat because he made the industry look bad
Not the first or last to say this, but Mr. Shkreli is a textbook psychopath. Look at the expression Mr. Shkreli makes at 7:42 when Mr. Cummings suggested he had done something wrong. Mr. Shkreli actually believes he's done nothing wrong. He is literally sentencing sick people to death and cannot empathize. Very sad.
this guy isn't the problem the way this system is set up is the problem ,he is just a symptom
is it true what shkreli says? that he gives (or his company) the pill for free for those who cant afford the drug and only the rich insurance companys have to pay the full price? im curious, because this detail is extremely important and change the whole point of view , i mean if its true maybe he s not that bad, right? i really dont know, if anyone can explain me more, thanks .. and sorry for my bad english
Go Martin!
Who cares if he raised the price. Many companies do the same practice under the shadows. This hearing is pointless because there not looking at the bigger picture.
Screw the fifth amendment, arrest him
His lawyer looks like grumpy cat...
Politicians are way worse than this guy. Plead the 5th!!! The 5th the feee I! ith!
He is everything what capitalism is.
OMG. He got shut down at 5:00
Classic..He doesn't have to answer their questions and the entire country is being held hostage by his patents
He was just on the Breakfast Club saying if someone can't afford the medication, that they can go through some program where they would get the medication for free... I only wonder... why did he take the 5th on that question?
+Sunniya LA because he's full of it.
because he's actually telling them the truth
Ike of Pyke you might want to stop taking a fifth before going on youtube
Phenomenal. Yes shkreli. Go queen.
he didn't realize how dearly he will pay for his smile. government doesn't forget. irs fta osha just to name a few will be used on him.
1.. 2 ..3 ..4 ..Fif
Big pharma have made him the fall guy. I expect that attorney is paid for by them.
This is totally stupid. Why bother with him when the entirety of medical practice in the US including pharma is patently (no pun intended) criminal on all levels.
+Azlan Rahkmaninov because they can get to him and perhaps he can incriminate others?
its what they did to the mafia for instance.
get one to snitch and the rest will fall.
Glad he didn't plead the 5th to how his name's pronounced. I would've never got it right.
in prison he will give his back-side amendment privilege for at least 5 times.
WHat is Beaker(Mr Gowdy) doing the courtroom?
i like this guy. Idgaf attitude sticking his fingers up to THE MAN!
Then you are probably a sociopath just like him
if this was 2017 Mr. 5th ammandment would #feelthebern
Because bernie will rewrite constitution
+Cathal O'Maoilste lol I hope you are trolling.
+Cathal O'Maoilste You need some ointment to fix that.
i feel like im watching a tv show wtf lmao,
Shkreli is a G
#FreeShkreli
haha he dominated this, legend.