I saw this guy as a monster simply because that’s the picture the media showed me. I actually agree with everything he says. The media machine is real man....
He made no sense whatsoever. The job of epinephrine is to keep you alive until you get to the hospital. It’s not a cure or even a treatment it’s a therapy. He’s trying to convince you that the medicine costs so much because it brings that much value, but really they are trying to squeeze as much money out of the patents as they can before the patents run out.
nope I still think hes shit. acting like $300 is not a lot of money. it is to people like me. plus he cant make drugs with no side effects. hes an idiot.
Yeah that comment was a bit out of touch with reality, but he does make a lot of good points about the industry. He also called out CBS on their bullshit pointing out their profit margins are higher lol
did you even watch his response to that? given the context, 300$ isn't a lot for people who actually make enough money, but poor people should be on a medical program if they struggle with that amount of money.
Wolfberg when you condone people such as this, you do no more than advertise your personal ignorance. This punk ass is martin Shkreli, last years most hated man in America, and should still hold that title. He's a rich Pharmaceutical CEO who raised the price of a 62yr old drug needed for protozoal infections. He raised the price from $13.50 to $750.. Hes stealing from and hurting old people while at the same time pulling in tax payers money from those on disability and Social Security. He's so full of his punk self that once he received attention for ripping people off he began posting himself on social media like facebook. One video has him with three hooded black punks threatening Ghostface Killa in a youtube video. Type it in, you'll find it. www.scientificamerican.com/article/martin-shkreli-who-raised-drug-prices-from-13-50-to-750-arrested-in-securities-fraud-probe/
+bob smith you are calling this guy ignorant but I can tell you listen to the media a little to much... Did you know that nearly 60% of the drug is given away for free? Because Martin never wants to hurt the patients pocket, only the insurance company. The insurance usually covers the drug but if the patient happens to not have insurance, they make sure the patient is given the drug, which is why so much is given away for free. I hated Martin as well a year ago but I highly highly recommend to look into both sides here
He is such a smart guy. I could listen to him explain this stuff for hours. People vilify him because they don't actually understand how the industry works
+Ham that's true, but new drug companies need money for research. Where are they supposed to get that money otherwise? I agree the situation is fucked, but I don't blame CEOs for doing what CEOs get paid to do, I blame politicians who claim the system's working just fine and not doing shit.
Ham See, here is a good example of an ignorant person who doesn't understand anything. Insurance pays for that drug, not patients. Patients on medicare pay $1. Patients on other insurance pay $20. They give 50% of their drug away completely free for people who cannot afford it.
Martin: It's $300 dollars, I pay more for my iPhone, people pay more their iPhones. Woman: Yeah but you don't need your iPhone. She just proved his point, people pay a shit load for stuff they don't need like their phones, but when it comes down to paying less than that for a drug to save their life, they get mad.
not at all. of you make less than 18k a year. Buying your kid this drug on such a regular basis. just one package is one paycheck. more and more people are living on minimum wage.
Johnny Gat yeah that's assuming the only people complaining are people with I phones... and that they buy a new I phone regularly multiple times a year
+puma.will. pounce easy to say. Doesn't happen though. it would be bad if it did. we need population growth to keep everything work right. we are only slightly having more kids per person last time i checked. if all poor people stopped having kids it would be negative. if that happens i hope people still get there social security checks.
The real question is, why do you trust anything the man says? Hes a con artist, actually read about him. www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/
you can tell that to the family that child dies because they can't afford to buy a pen and their child dies on route to the hospital!! your uneducated!
1. The drug comes in packs of two, which makes it cost $600, but Shkreli says that the cost of the drug is only $300 because you need only one pen to receive the needed dosage of the drug. That is like saying the price of buying a $300 pack of Viagra from Walmart is only $30 dollars because that's the price of one pill. 2.He lies when he says that using the Epipen saves you a trip to the ER. The Epipen is meant to get you time to travel to the ER (the effects of one dosage lasts about 20 minutes). 3.He uses a statistic about all of the diverse and mostly mundane court cases (90% of them end in guilty pleads) to apply to his unique court case. He also gives a false cause to this statistic by saying that people plead guilty because it's "emotionally draining". Is it not more likely that guilt people plead guilty and are the ones that end up in court? He also uses the action of a single person in very dire straits as evidence for his claim that the whole system is trying to force people to plead guilty. 4.He says that the investors made triple their money in the hedge fund. I didn't hear that the prosecutors are denying this; I heard that he used the money from the raid to give the investors the money. 5. Something I think that is interesting is at 13:19 -13:26 At first he says "I've do a lot of animal..." but he stops and proceeds to say instead that he has, "overseen the death of...". During that part of the video he is trying to present himself as ethical so he avoids saying that he does animal testing in order to not seem like a hypocrite. Also, who can't love humans while also seeing inferior apes as equals? :) 6. He says that he invented a drug to save the lives of three children, because he financed the endeavor. Do people who donate money to cancer research invent the cancer treatments? My theory is that he is promoting himself to gain the public's favor and is defending Mylan's actions in order to benefit himself.
+The loud mute Those seem like better points than most of the critics in this comment section have given. Have you ever thought about contacting him directly to bring them up?He seems fairly open to discussion.
WalkingWITL They weren't as good as EpiPens, but they weren't dangerous. Consumers should be allowed to decide between high price and low risk or low price and some risk, not the government. You can have high quality at high prices, or various quality at various prices. I think poor people especially deserve the right to the latter.
TheSnorkeler So you want there to be a drug with a chance of death if you use it, as long as its super cheap? Thats not how it works. FDA doesn't want that shit on the market.
WalkingWITL I do not see the FDA as an authority. They can share their opinion, but they have no right to ban anything. If there are other options, I want access to them. I get to decide how much I want to pay and what risks I take, not unelected, crony bureaucrats.
... but they do have that authority. The way a republic works, is the small people (us), vote for people who represent what we want as a whole, and those people make decisions based on the consensus of those who put them in power. The FDA filters out the shit because we put them in the position to do so. They DO have that authority.
+Nolan Pratt Martin Shkreli was a huge sanders supporter. He's got "Bernie 2016" in the background of a lot of vids on his channel and donated 2,000 to his campaign.
He's a con artist. I don't get that he's capable of most emotions. The kind of guy who could take you for all you're worth and not feel guilt about it. If you want to fall for his words and not look deeper, I guess he does seem like a decent human being.
Well spoken does not by default make him worthy of respect. Sociopaths usually are well spoken aka silver-tongues. He pretends to serve a noble cause but contradicts himself shortly after. He made memes about harambe but not the thousands of apes, monkeys, dogs and rats he oversaw the death of. He's playing to people's emotions. He's not genuine. He thinks great apes deserve rights but not monkeys,dogs or rats? His argument about epipens is false. It does not save you a trip to the ER. It temporarily suspends the allergic reaction to allow you to get to medical help. Read the epipen instructions. 3) get medical help. He is just trying to get public support before his trial.
Because you aren't looking deep enough. Maybe you haven't been seriously ill yet in your life to understand that a medication or procedure your life depends upon causes you worry and stress, sometimes leading to suicide and giving up because, overnight, you can no longer afford it and have access to it. Martin doesn't see the anguish behind the things he has caused, he can't even imagine the faces of such people. Let's hope you @ShotClan never get ill and have someone like Martin cause you great distress. Until then, you'll not be able to understand why this sociopath is not well liked.
Taxi DriverAppleChapel Nope, not that part, the whole Harambe spiel. He's right on that part, the insurance companies should genuinely want to cover epi-pens, it makes sense financially for them. If people can't afford to pay for epi-pens, they're definitely not going to be able to cover hospital visits, and insurance companies are going to lose a ton of money. The fact is, right now, the average American can afford epi-pens even at the price they're asking for at the moment. It might not seem right ethically, but insurance companies and medical companies have to make money to delve into research. People have this unnerving false belief that pharmaceutical companies don't deserve to make money, they've been so demonized by the media lately. If the pharmaceutical industry doesn't make money, new research doesn't happen and we cure less disease. The more money they make, the faster we can rid this world of disease and cruelty.
Even then, you can get an Epi-Pen for free if you can't afford the pack, and their statement isn't in fine print either. Right there on Mylan's page for EpiPen payment. I'll quote them here, so if you'd like, you can just read here. Their patients can be "eligible to pay as little as $0 for up to three EpiPen 2‑Pak® or EpiPen Jr 2‑Pak® cartons-every time you fill your prescription." Not just one for free but up to three packs. That's 6 EpiPens, for free. Amazing how many other people start to type before even knowing what they're talking about. Personally, I found him shutting them down on the margins - CBS vs Mylan - to be hilarious.
Taxi DriverAppleChapel Well, in a way, we are funding a single group that's trying to find different cures, but they gotta focus on one to get any use out of it. There is a group figuring out how cancer works so we can stop it, a project of Stanford. It's called fold@home, you donate computing power and they use it to diagnose where in the protein folding process it went wrong, resulting in cancer, huntingtons, etc. It would be great if we had a trustworthy group willing to work off donations. Until then, I guess we gotta stick to what we got.
***** I was agreeing that innovation is usually driven by greed, and therefore the these pharma policies are entirely necessary. However, I also presented facts about brilliant people donating work as an example of the ideal situation.
i think the issue comes where people want companies to find how much they must sell their drugs for to survive but not let the CEO and the board of directors make billions of dollars because they have record profits that year there's a difference between surviving and making sure investors are making money out the ass
i never said it was my view and i never said it was going to realistically work or be put into action all i said was that is the issues most people have with it people like idealistic practices like saying people should stop bullying people its never going to happen no matter how much we want it to but in an idealistic world it would eventually stop just like in an idealistic world drug companies would stop making billions of dollars in profit on life saving drugs
In this comments section, a bunch of 13-year-old "badasses" who aspire to be Martin Shkreli one day. I'm sure nobody knows how the drug industry works except for Hero Shkreli.
+He is Typing...... You have to understand it's very easy to blame the pharmaceutical companies. However, if they can prevent a 20K hospital bill for the consumer, they're doing a service.
Miles Medaris You said before it is all about supply and demand. For one of the drugs he was orignaly selling them 13 dollars for one pill then he raised the prise by 5000%. If he orignaly had the capability to sell them for such a cheap price,then why did he raise the price when demand for the pill got higher.
+He is Typing Because he wanted to make a profit? He actually bought the right to Daraprim, and then raised the price from the point the previous owners were selling it at. Drug companies devote huge amount of their overhead into R&D into new, life saving drugs; which means they need to operate with a high profit margin.
In the UK, and Epipen costs £26.45, (about $35). And if you have a prescription from a doctor, it's reduced to just £8. If you're poor or disabled, then a prescription costs nothing.
***** That's true. I work in this industry and there a lot of cures on the horizon, but what is it all for when people cannot afford access to it. It's un-American when all Americans cannot benefit from our collective investments.
I can't be the only one who can't decide whether they love or hate shkreli... Also... once he gets onto the harambe segment, he goes full troll and it's hilarious. YOu can tell how serious he's trying to come across as, inside he's probobly ROFLing
An Epi Pen is temporary, it provides enough relief and time for someone to get to the ER. So on top of the Ambulance ride and a visit to the ER, they are now paying $300 each epi shot. His answer is BS.
Shkreli is the fuckin MAN!!! hhahahaha his demeanor always cracks me up. I love how he is always ballin in te system of leaving a trail of butthurt everywhere he goes.
"Butthurt"? He took advantage of Sick people that needed medicine and raised the price of that medicine by 5000%. What is wrong with you. Is that what you call a "man"?
ZELOR 22 you clearly know absolutely nothing about the pharmaceutical industry. The drug that he raised the price on is given away for free to anyone who is considered to be impoverished, or on medicaid/medicare...and even if you are not too poor to afford the drug it is still being paid for by your INSURANCE at the end of the day. You need to get a little education brutha..
This man is amazing. He is the only person I’ve ever seen who gets called into a news station for the purpose of being berated, who is able to completely flip the narrative so effectively that the interviewers end up being the ones changing the subject or cutting the interview short. Absolutely genius. He knew he would become public enemy #1 when his company threatened to disrupt the kahoots that politicians, investors, drug companies, and media outlets all have together, but he did it anyway just to try to help the people suffering from unproffitable diseases that these same conglomerates ignore. Labeled the posterchild of everything wrong with capitalism, in reality he has a greater heart than any of us and an even greater mind. Hero is the only fitting definition. We haven’t seen the end of this man.
@@lambda2857 u don’t know how this system works this guy is opening eyes what’s sad is the media machine makes ppl like u the real bad guys and ur probably not a bad person jus easily manipulated by the real bad ones but pls I invite u to think freely then I suggest if ur going to give financial advice on any level you should learn how finances, business ect really work because it’s counterproductive to give advice on something u have no clue as to what ur actually talking about
He's clearly a sociopath, but nothing he's said here is unreasonable. He's given legitimate defenses of profit margins, and provided reasonable solutions to both the immediate problem of people being unable to pay for their EpiPen as well as how the government could prevent something like this from happening in the future. And, I should note, he gave some important context (not only the bit about CBS having a higher profit margin than Mylan), particularly the cost versus hospital and ambulance, putting a fair share of the blame of insurance companies who won't pay for the injectors. I personally agree with him that medicine should be above capitalism, that it should be regulated and provided by the government. The utilities comparison was apt. As long as they're not getting in the way of innovation, generic drugs should be the government's responsibility. We'd all be better off for it.
American Strength Because nobody remotely intelligent would try to invalidate an argument by going "Well, hes smarter than you!" that the kind of stuff children resort to because their brains are underdeveloped and they lack the capacity for nuanced thought.
Nerd Strangler He has been apart of large investment groups, a hedge fund manager and a corporate executive of multiple companies including big pharma. So in terms of this topic he probably quite a bit more well read than most. So was I wrong or do I have to explain myself to you more? Its RUclips, not reddit. I don't come here to be nice I come here to yell at idiots.
Martin seriously makes trolling look like a sport. Its honestly incredible. The media (including this interview) tries everything to make him look so bad and he just plays it cool. Hes like the Michael Jordan of trolling I swear
That is directly the reason why this situation can happen. EpiPen is a single injection syringe of epinephrine. It costs no more than $1 to manufacture, but the FDA shut down all competitors, and over regulates in general.
FuckOffAlready I worked in the drug industry. Manufacturing side. The FDA is about safety. Don't bring up a point if you have no fucking clue what you are talking about. If you really want a bunch of executives opening a bunch of companies to make drugs with the prime directive to make money you're playing with a fire of unimaginable consequences.
Michael Snyder "The FDA is about safety" lmao The FDA is one of the most fraudulents government agencies there is. But whatever floats your boat sheep.
Doesn’t matter what you think of him. If he told them he was going to be taking that interview while standing up, genius move. Literally makes him look like a regular on the show, and this enhances his *perceived* reliability and trustworthiness
This guy is trolling hard. He contradicts himself within seconds saying primates shouldn't be used in drug testing yet he's overseen thousands of them die.
Well I'm a first year medical student. And what do my political beliefs matter to you? If you are my patient I'm going to do my best to help you. It doesn't matter if I'm a capitalist or not.
Dont you free market weirdos ever wonder why there are no examples of large successful economies that practice unfettered capitalism? Do you ever stop to think, maybe there is a reason for that?
If you had just read articles on mainstream media and followed their coverage of Mr Shkreli, you would think he's a villain. But when you watch Mr. Shkreli himself speaking, you'll understand how media lies...
I side with Martin when it comes to his own drug issue that came up last year. But with EpiPen, you still need to visit the ER and call an ambulance. EpiPen is only meant to save you time before dying to get the proper medical care.
This lady is really bright. Great questions from her. Especially the one in the end where she questions the discrepancy between his compassion for animals and not for humans.
Holy shit he roasted them so well. CBS makes content and Mylen makes a life saving drugs with lower marginal profits checkmate interview should have been over at that point
The biggest question is why can Mylan do this? I don't mean price controls, but rather why the there is no competition. The blame lies directly at the hands of government bureaucrats over regulating and directly stopping competing products.
New drugs are very expensive to research and develop. Pharma companies don't create competitive drugs for fun, they do it for profit. Creating a drug that nobody else makes yet unlocks an entirely new market which you can control. If you want to be the competition for a pre existing drug, you won't own the entire market, you'll only get a small piece of the pie.
Exactly. Even in this video he makes statements that would go against his best interests like saying there should be government ran pharmaceuticals or price fixing. Even goes as far as to say he wish testing on animals weren't a thing. All things that if the government ever did intervene with would negatively impact his business ventures.
If he had been as genuine and professional last year as he is in this video, he would not be viewed as such a villain. He really presented himself in a great way here and he has a great opportunity to actually do some good.
I'm not going to lie, a year or so ago when I heard about the Daraprim fiasco, I really hated this guy for the media's portrayal of the situation. That's why I rarely listen to the media anymore. He's highly intelligent, well spoken, and makes some very compelling points. I like that he's got a broad scope of ideals, rather than just the stereotypical conservative vs. liberal, one-or-the-other mindset.
They glossed over it, but Martin brought up a great point about how we should have a goverment organization that produces affordable drugs as long as it doesn't regulate or affect innovation. This is a fantastic idea, as long as it can be done in a way that makes sense. If it ends up being a bloated beuracracy that costs more money than it's worth then we shouldn't do it. However, if it can be streamlined into being a profitable and affordable gov agency, then maybe we can do something creative like use the profits to pay down our debt, create research grants for more drugs, or scholarships to educate more future scientists. There is really no reason it can't succeed (in theory), as long as those involved are determined to make it work.
He makes a lot of statements about the importance of drug R&D and development but the mission statement of Turing was to 'acquire outdated and expired patents on old medications and to upmark the price for windfall profits'. In his Vice interview he openly admits to Daraprim being a bad, outdated product that the previous owner didn't look after and yet his company did nothing to improve the product nor to justify the increased cost.
thankyou to these reporters for giving him time and respect to make his points. This was a very constructive discussion because even though the reporters wanted to ask the headline questions, they were also open to listening and having a great talk.
God forbid any of these analysts say, "good point Martin" or "wow, I never thought about it like that before". Instead, Martin replies with a strong answer and they move on to another angle of attack and never address his response.
an epipen does not save you all of the costs of going to a hospital. it is important to still seek emergency medical care after giving oneself an epinephrine injection. it simply buys you time to seek more comprehensive medical care.
If Shkreli was doing the world a favor by raising the price of an AIDS drug to an inordinate price and "sticking it to the insurance companies," why aren't people lionizing EpiPen for raising their prices? Why aren't they praised as being heroes also for raising the price of their drug? Maybe they should get a charismatic executive to conduct an interview with Vice News.
Different things brother. Epipen are very important for people with life threatening allergies, and rising the price harms people without health insurance. While the MS drug, Martin provides at dollar rates for people without insurance, and hospitals that cant afford the drug. And like he said, in the vice interview thats 70 percent of his drug. And i don't think you understand why there is a need for a new version for this 80 year old drug, it destroys the bodies of its consumer. Its a horrible drug.
***** Yea, also a huge misconception. Its a drug to treat a rare infection caused by aids right? Not sure myself, but there are only a few thousand people worth it in the US
Bert Stir lol who told you Daraprim treats AIDS?? Was it CNN or FOX?? Of course it was..... and gullible sheep like you just listen to anything that is said by the media. You are the prime example of a misguided sheep that doesnt do his research..
Once again Shkreli makes some good points You have to respect him on some level. He walks in as the designated scapegoat, controls the conversation, and answers everyone's questions The one thing he failed to address was the CEO personal compensation of 18 million dollars
I don't hate Martin but one thing he said in the beginning isn't entirely true. I've had a generic EpiPen my entire life and you're still supposed to go to the hospital after you use it. The effects can wear off after 20-30 minutes and your body could possibly go back into anaphylactic shock afterwards. It doesn't necessarily save you the cost of an emergency room visit.
Genuine question: I've been under the impression that 1.) name-brand meds are expensive because of all the R&D needed to development cost. And 2) generics basically use the same chemicals as name-brand meds which eliminates the need for most new R&D. However, at 0:55 Martin Shkreli said this particular drug company isn't making "a ton of money" because it sells generic drugs. Does that mean R&D isn't the reason for high prices, only an excuse?
I saw this guy as a monster simply because that’s the picture the media showed me. I actually agree with everything he says. The media machine is real man....
They did it with trump too
@Lebron James yep you play the game . They Hate it change the laws
He made no sense whatsoever. The job of epinephrine is to keep you alive until you get to the hospital. It’s not a cure or even a treatment it’s a therapy. He’s trying to convince you that the medicine costs so much because it brings that much value, but really they are trying to squeeze as much money out of the patents as they can before the patents run out.
Lol the media didn’t throw him in prison. He did that himself
Same
why didn't they have a chair for him? kinda weird.
They hate him that much lol
most guests stand up
Maybe he didn't want one
why didn't they have chairs for themselves?
He was standing up for Harambe.
Did he actually just troll CBS?
Am I the only one who used to hate this guy but now kinda love him? lol
nope I still think hes shit. acting like $300 is not a lot of money. it is to people like me. plus he cant make drugs with no side effects. hes an idiot.
Yeah that comment was a bit out of touch with reality, but he does make a lot of good points about the industry. He also called out CBS on their bullshit pointing out their profit margins are higher lol
+James Faust Jr so what device are you using to get on the Internet right now? Unless you're at a public library just shut the fuck up
did you even watch his response to that? given the context, 300$ isn't a lot for people who actually make enough money, but poor people should be on a medical program if they struggle with that amount of money.
hey it's an issue for one person so that makes him a shit...
he's a smart young man battling the idiocy of the sheep public
100% agree with you
But she is also a Super Villain.
Yeah sure... He sounds like a real class act...
Wolfberg when you condone people such as this, you do no more than advertise your personal ignorance.
This punk ass is martin Shkreli, last years most hated man in America, and should still hold that title. He's a rich Pharmaceutical CEO who raised the price of a 62yr old drug needed for protozoal infections. He raised the price from $13.50 to $750.. Hes stealing from and hurting old people while at the same time pulling in tax payers money from those on disability and Social Security. He's so full of his punk self that once he received attention for ripping people off he began posting himself on social media like facebook. One video has him with three hooded black punks threatening Ghostface Killa in a youtube video. Type it in, you'll find it.
www.scientificamerican.com/article/martin-shkreli-who-raised-drug-prices-from-13-50-to-750-arrested-in-securities-fraud-probe/
+bob smith you are calling this guy ignorant but I can tell you listen to the media a little to much... Did you know that nearly 60% of the drug is given away for free? Because Martin never wants to hurt the patients pocket, only the insurance company. The insurance usually covers the drug but if the patient happens to not have insurance, they make sure the patient is given the drug, which is why so much is given away for free. I hated Martin as well a year ago but I highly highly recommend to look into both sides here
Martin: "50 times..."
airhead: "oh 5 thousand percent..."
Martin: "yh, that's 50 times..."
AAAWKWAAAAARD
Rookie move from the presenter lol
He is such a smart guy. I could listen to him explain this stuff for hours. People vilify him because they don't actually understand how the industry works
I'd love to see you needing the pill he raised prices for.. you wouldn't be saying the same thing.
+Ham that's true, but new drug companies need money for research. Where are they supposed to get that money otherwise? I agree the situation is fucked, but I don't blame CEOs for doing what CEOs get paid to do, I blame politicians who claim the system's working just fine and not doing shit.
Ham See, here is a good example of an ignorant person who doesn't understand anything. Insurance pays for that drug, not patients. Patients on medicare pay $1. Patients on other insurance pay $20. They give 50% of their drug away completely free for people who cannot afford it.
CGagnon5 At that point tax payers are paying for it. So no, you're an example of an ignorant person who doesnt understand anything.
Fucking disgusting
He's a smart guy who knows his stuff. Glad the reporters let him speak so much
The guy is a convicted felon. Never trust a con artist.
@@lambda2857 That is so viciously mean....and true! LOL! I love it! Thanks for sharing....
@@lambda2857 Con artist? lol
@@MuantanamoMobile Yes, that is right. He's a grifter.
@@lambda2857 like Oprah? MVMT? Dropshippers?
Martin: It's $300 dollars, I pay more for my iPhone, people pay more their iPhones.
Woman: Yeah but you don't need your iPhone.
She just proved his point, people pay a shit load for stuff they don't need like their phones, but when it comes down to paying less than that for a drug to save their life, they get mad.
not at all. of you make less than 18k a year. Buying your kid this drug on such a regular basis. just one package is one paycheck. more and more people are living on minimum wage.
Johnny Gat yeah that's assuming the only people complaining are people with I phones... and that they buy a new I phone regularly multiple times a year
inlighten15 - If you can't afford a $300 EpiPen for your kid, you shouldn't have kids.
+puma.will. pounce easy to say. Doesn't happen though. it would be bad if it did. we need population growth to keep everything work right. we are only slightly having more kids per person last time i checked. if all poor people stopped having kids it would be negative. if that happens i hope people still get there social security checks.
inlighten15 - Right, the world needs more stupid people like you to have children. Great analysis, Einstein.
Martin Shkreli is incredibly educative. I value his opinions highly.
***** Check out his livestreams, he explains in depth why he did it. If you knew, you'd love him.
The real question is, why do you trust anything the man says? Hes a con artist, actually read about him.
www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/
me 2
Nerd Strangler If you've been made to believe he's a con artist you've ben conned.
you can tell that to the family that child dies because they can't afford to buy a pen and their child dies on route to the hospital!! your uneducated!
Watching Shkreli manipulate the conversation was like watching an artist create a masterpiece.
manipulate the conversation ? wtf r u talking about, he answered the questions directly
1. The drug comes in packs of two, which makes it cost $600, but Shkreli says that the cost of the drug is only $300 because you need only one pen to receive the needed dosage of the drug. That is like saying the price of buying a $300 pack of Viagra from Walmart is only $30 dollars because that's the price of one pill.
2.He lies when he says that using the Epipen saves you a trip to the ER. The Epipen is meant to get you time to travel to the ER (the effects of one dosage lasts about 20 minutes).
3.He uses a statistic about all of the diverse and mostly mundane court cases (90% of them end in guilty pleads) to apply to his unique court case. He also gives a false cause to this statistic by saying that people plead guilty because it's "emotionally draining". Is it not more likely that guilt people plead guilty and are the ones that end up in court? He also uses the action of a single person in very dire straits as evidence for his claim that the whole system is trying to force people to plead guilty.
4.He says that the investors made triple their money in the hedge fund. I didn't hear that the prosecutors are denying this; I heard that he used the money from the raid to give the investors the money.
5. Something I think that is interesting is at 13:19 -13:26
At first he says "I've do a lot of animal..." but he stops and proceeds to say instead that he has, "overseen the death of...". During that part of the video he is trying to present himself as ethical so he avoids saying that he does animal testing in order to not seem like a hypocrite. Also, who can't love humans while also seeing inferior apes as equals? :)
6. He says that he invented a drug to save the lives of three children, because he financed the endeavor. Do people who donate money to cancer research invent the cancer treatments?
My theory is that he is promoting himself to gain the public's favor and is defending Mylan's actions in order to benefit himself.
The loud mute They say anyone who lawyers up is guilty. Do you think his hiring of Ben Brafman is an indicator of his guilt ?
I don't say that.
+The loud mute
Those seem like better points than most of the critics in this comment section have given.
Have you ever thought about contacting him directly to bring them up?He seems fairly open to discussion.
No mention of the FDA rejecting competing EpiPen products?
Well if the FDA turned them down it probably means they have pretty bad side effects..
WalkingWITL They weren't as good as EpiPens, but they weren't dangerous. Consumers should be allowed to decide between high price and low risk or low price and some risk, not the government. You can have high quality at high prices, or various quality at various prices. I think poor people especially deserve the right to the latter.
TheSnorkeler So you want there to be a drug with a chance of death if you use it, as long as its super cheap? Thats not how it works. FDA doesn't want that shit on the market.
WalkingWITL I do not see the FDA as an authority. They can share their opinion, but they have no right to ban anything.
If there are other options, I want access to them. I get to decide how much I want to pay and what risks I take, not unelected, crony bureaucrats.
... but they do have that authority. The way a republic works, is the small people (us), vote for people who represent what we want as a whole, and those people make decisions based on the consensus of those who put them in power. The FDA filters out the shit because we put them in the position to do so. They DO have that authority.
Martin should go on Eric Andre
yep
BIRD UP
Rashid Ibrahim sup melo
??? what does that have to do with anything?.. whether he agrees with their lifestyle or politics has no correlation. He had Stacey Dash on there.
+Nolan Pratt
Martin Shkreli was a huge sanders supporter. He's got "Bernie 2016" in the background of a lot of vids on his channel and donated 2,000 to his campaign.
I dont see why people hate this man. hes well spoken, made great decisions as a ceo
He can be a douche, but he does have a lot of good things to say. He's also as funny as hell.
He's a con artist. I don't get that he's capable of most emotions. The kind of guy who could take you for all you're worth and not feel guilt about it. If you want to fall for his words and not look deeper, I guess he does seem like a decent human being.
Well spoken does not by default make him worthy of respect. Sociopaths usually are well spoken aka silver-tongues. He pretends to serve a noble cause but contradicts himself shortly after. He made memes about harambe but not the thousands of apes, monkeys, dogs and rats he oversaw the death of. He's playing to people's emotions. He's not genuine. He thinks great apes deserve rights but not monkeys,dogs or rats? His argument about epipens is false. It does not save you a trip to the ER. It temporarily suspends the allergic reaction to allow you to get to medical help. Read the epipen instructions. 3) get medical help. He is just trying to get public support before his trial.
Because he comes off a little creepy and awkward with his body language.
Because you aren't looking deep enough. Maybe you haven't been seriously ill yet in your life to understand that a medication or procedure your life depends upon causes you worry and stress, sometimes leading to suicide and giving up because, overnight, you can no longer afford it and have access to it. Martin doesn't see the anguish behind the things he has caused, he can't even imagine the faces of such people. Let's hope you @ShotClan never get ill and have someone like Martin cause you great distress. Until then, you'll not be able to understand why this sociopath is not well liked.
OH MY HELL. Martin just trolled CBS. Holy shit xD
Taxi DriverAppleChapel Nope, not that part, the whole Harambe spiel.
He's right on that part, the insurance companies should genuinely want to cover epi-pens, it makes sense financially for them. If people can't afford to pay for epi-pens, they're definitely not going to be able to cover hospital visits, and insurance companies are going to lose a ton of money. The fact is, right now, the average American can afford epi-pens even at the price they're asking for at the moment. It might not seem right ethically, but insurance companies and medical companies have to make money to delve into research. People have this unnerving false belief that pharmaceutical companies don't deserve to make money, they've been so demonized by the media lately. If the pharmaceutical industry doesn't make money, new research doesn't happen and we cure less disease. The more money they make, the faster we can rid this world of disease and cruelty.
Even then, you can get an Epi-Pen for free if you can't afford the pack, and their statement isn't in fine print either. Right there on Mylan's page for EpiPen payment. I'll quote them here, so if you'd like, you can just read here. Their patients can be "eligible to pay as little as $0 for up to three EpiPen 2‑Pak® or EpiPen Jr 2‑Pak® cartons-every time you fill your prescription." Not just one for free but up to three packs. That's 6 EpiPens, for free. Amazing how many other people start to type before even knowing what they're talking about.
Personally, I found him shutting them down on the margins - CBS vs Mylan - to be hilarious.
Taxi DriverAppleChapel Well, in a way, we are funding a single group that's trying to find different cures, but they gotta focus on one to get any use out of it.
There is a group figuring out how cancer works so we can stop it, a project of Stanford. It's called fold@home, you donate computing power and they use it to diagnose where in the protein folding process it went wrong, resulting in cancer, huntingtons, etc.
It would be great if we had a trustworthy group willing to work off donations. Until then, I guess we gotta stick to what we got.
***** Free market economics bro, capitalism made America what it is today.
***** I was agreeing that innovation is usually driven by greed, and therefore the these pharma policies are entirely necessary. However, I also presented facts about brilliant people donating work as an example of the ideal situation.
In this comments section, people who think they know more about drugs and the drug industry than Martin Shkreli.
..... go on.......
ohh and a crack head knows more about drugs than martin.
i think the issue comes where people want companies to find how much they must sell their drugs for to survive but not let the CEO and the board of directors make billions of dollars because they have record profits that year there's a difference between surviving and making sure investors are making money out the ass
i never said it was my view and i never said it was going to realistically work or be put into action all i said was that is the issues most people have with it people like idealistic practices like saying people should stop bullying people its never going to happen no matter how much we want it to but in an idealistic world it would eventually stop just like in an idealistic world drug companies would stop making billions of dollars in profit on life saving drugs
In this comments section, a bunch of 13-year-old "badasses" who aspire to be Martin Shkreli one day. I'm sure nobody knows how the drug industry works except for Hero Shkreli.
I think he made decent points. Life is all about supply and demand.
I understand that he answers the questions in a way to make them appealing, but dogged around some real issues with his statement.
+He is Typing...... You have to understand it's very easy to blame the pharmaceutical companies. However, if they can prevent a 20K hospital bill for the consumer, they're doing a service.
Miles Medaris You said before it is all about supply and demand. For one of the drugs he was orignaly selling them 13 dollars for one pill then he raised the prise by 5000%. If he orignaly had the capability to sell them for such a cheap price,then why did he raise the price when demand for the pill got higher.
Life? Wow, you are really an american.
+He is Typing Because he wanted to make a profit? He actually bought the right to Daraprim, and then raised the price from the point the previous owners were selling it at. Drug companies devote huge amount of their overhead into R&D into new, life saving drugs; which means they need to operate with a high profit margin.
In the UK, and Epipen costs £26.45, (about $35). And if you have a prescription from a doctor, it's reduced to just £8. If you're poor or disabled, then a prescription costs nothing.
Really? Damn the US needs to get its shit together.
+Adam Ali socialism >
***** dumb
because your government cares about its citizens health
*****
That's true. I work in this industry and there a lot of cures on the horizon, but what is it all for when people cannot afford access to it. It's un-American when all Americans cannot benefit from our collective investments.
I can't be the only one who can't decide whether they love or hate shkreli...
Also... once he gets onto the harambe segment, he goes full troll and it's hilarious. YOu can tell how serious he's trying to come across as, inside he's probobly ROFLing
Justin L he is trolling right?
***** I dont think he was trolling until the Harambe bit.
Justin L i thinl he meams well, like many geniuses, he is just misunderstood.
And you hate him for what exactly?
Greed saves lives, Shkreli is God
Not in my book Ayn. In my book, investing saves lives, not greed.
Ayn died on welfare
If the drug cannot be made at a profit it will not get made. It is that simple.
#freeShkreli #harambelifematters
#dicksoutforharambe
#Shkrambe *
white people...
Martin is my God
+Adam: Then your God is the devil incarnate. He isn't worth the piss it would take to put him out if he were on fire.
+Janoy Cresva
It sick, it piss, it revolting
*****
"Sometimes nobody shows up and you automatically win"- Jason Genova
K piss out bye
+Adam Hamdan: satanist
An Epi Pen is temporary, it provides enough relief and time for someone to get to the ER. So on top of the Ambulance ride and a visit to the ER, they are now paying $300 each epi shot. His answer is BS.
"To be honest it's painful to even talk about this" lmao!
Martin handled himself well, those host tried so hard to make him look bad haha! Also +1000pts for on air meme
DarkHorizons what meme was that when?
Shkreli is the fuckin MAN!!! hhahahaha his demeanor always cracks me up. I love how he is always ballin in te system of leaving a trail of butthurt everywhere he goes.
"Butthurt"? He took advantage of Sick people that needed medicine and raised the price of that medicine by 5000%. What is wrong with you. Is that what you call a "man"?
ZELOR 22 you clearly know absolutely nothing about the pharmaceutical industry. The drug that he raised the price on is given away for free to anyone who is considered to be impoverished, or on medicaid/medicare...and even if you are not too poor to afford the drug it is still being paid for by your INSURANCE at the end of the day. You need to get a little education brutha..
he only charged insurence companies that price. Noone that could not afford it had to scrape up 750 to get a pill.
mattxXx13 Exactly man.... good on you for having some fucking sense in your brain.
Mr. Vengeance Thanks, same to you.
This man is amazing. He is the only person I’ve ever seen who gets called into a news station for the purpose of being berated, who is able to completely flip the narrative so effectively that the interviewers end up being the ones changing the subject or cutting the interview short. Absolutely genius. He knew he would become public enemy #1 when his company threatened to disrupt the kahoots that politicians, investors, drug companies, and media outlets all have together, but he did it anyway just to try to help the people suffering from unproffitable diseases that these same conglomerates ignore. Labeled the posterchild of everything wrong with capitalism, in reality he has a greater heart than any of us and an even greater mind. Hero is the only fitting definition. We haven’t seen the end of this man.
If he really wanted to help his clientele, he would have left the price alone.
@@lambda2857 y don’t u make the medicine and drop the price then if u kno so much
@@lambda2857 u don’t know how this system works this guy is opening eyes what’s sad is the media machine makes ppl like u the real bad guys and ur probably not a bad person jus easily manipulated by the real bad ones but pls I invite u to think freely then I suggest if ur going to give financial advice on any level you should learn how finances, business ect really work because it’s counterproductive to give advice on something u have no clue as to what ur actually talking about
@@Jordan_Morris19 Well! Now I am super curious. How DOES the "system" work?
@@Jordan_Morris19 Could you please rephrase this?
CBS has a much higher margin than mylan...and mylan makes life saving drugs.... BURRRRN
4:46 "50x is 5,000%" lmao shrekli stays owning the media
He's clearly a sociopath, but nothing he's said here is unreasonable. He's given legitimate defenses of profit margins, and provided reasonable solutions to both the immediate problem of people being unable to pay for their EpiPen as well as how the government could prevent something like this from happening in the future. And, I should note, he gave some important context (not only the bit about CBS having a higher profit margin than Mylan), particularly the cost versus hospital and ambulance, putting a fair share of the blame of insurance companies who won't pay for the injectors.
I personally agree with him that medicine should be above capitalism, that it should be regulated and provided by the government. The utilities comparison was apt. As long as they're not getting in the way of innovation, generic drugs should be the government's responsibility. We'd all be better off for it.
He's clearly smarter than you on all levels.
Obviously not emotionally. But otherwise I agree.
Nerd Strangler You don't know who I am? How do you know my intelligence?
American Strength Because nobody remotely intelligent would try to invalidate an argument by going "Well, hes smarter than you!" that the kind of stuff children resort to because their brains are underdeveloped and they lack the capacity for nuanced thought.
Nerd Strangler He has been apart of large investment groups, a hedge fund manager and a corporate executive of multiple companies including big pharma. So in terms of this topic he probably quite a bit more well read than most. So was I wrong or do I have to explain myself to you more? Its RUclips, not reddit. I don't come here to be nice I come here to yell at idiots.
Martin seriously makes trolling look like a sport. Its honestly incredible. The media (including this interview) tries everything to make him look so bad and he just plays it cool. Hes like the Michael Jordan of trolling I swear
He is my role model
same
Hate this dude or love him, you've got to admit he's a master manipulator in conversations. He completely made this conversation go his way
What about the FDA restricting competition, keeping the prices high. Probably not relevant.
That is directly the reason why this situation can happen. EpiPen is a single injection syringe of epinephrine. It costs no more than $1 to manufacture, but the FDA shut down all competitors, and over regulates in general.
We need less corporatist.
FuckOffAlready I worked in the drug industry. Manufacturing side. The FDA is about safety. Don't bring up a point if you have no fucking clue what you are talking about. If you really want a bunch of executives opening a bunch of companies to make drugs with the prime directive to make money you're playing with a fire of unimaginable consequences.
Michael Snyder "The FDA is about safety" lmao The FDA is one of the most fraudulents government agencies there is. But whatever floats your boat sheep.
And again, another brilliantly worded and argued response.
I love this guy. Get out soon Martin.
Martin Shkreli is a stand up guy. Speaks the truth. -Respect
This is the best articulation of Shkreli's argument I have ever heard.
i sure do hope Martin Shkerli's great friend Pedro from Brazil is still living a long and healthy life
Doesn’t matter what you think of him. If he told them he was going to be taking that interview while standing up, genius move. Literally makes him look like a regular on the show, and this enhances his *perceived* reliability and trustworthiness
I guess he's just trolling about his concern about animal wellfare, right?
This guy is trolling hard. He contradicts himself within seconds saying primates shouldn't be used in drug testing yet he's overseen thousands of them die.
Who said that the world wouldnt be better of if less humans were born??
MY BOY SHKRELI
It's fuckin insane where the world's favorite natural piano has gone on youtube. Everywhere. And the piss lord too. Fuck.
The government needs to let capitalism work.
Let's just hope you're not actually a future doctor, futuredoc
Oh really? We have been doing just that since Reagan and it has been absolutely disastrous for the people.
Well I'm a first year medical student. And what do my political beliefs matter to you? If you are my patient I'm going to do my best to help you. It doesn't matter if I'm a capitalist or not.
What we have now is Crony capitalism. We don't have true capitalism. If we could get money out of politics, the system would work beautifully.
Dont you free market weirdos ever wonder why there are no examples of large successful economies that practice unfettered capitalism? Do you ever stop to think, maybe there is a reason for that?
11:53 This man is my hero.
"Yes 50x is 5000%" lol
lol
If you had just read articles on mainstream media and followed their coverage of Mr Shkreli, you would think he's a villain. But when you watch Mr. Shkreli himself speaking, you'll understand how media lies...
I side with Martin when it comes to his own drug issue that came up last year. But with EpiPen, you still need to visit the ER and call an ambulance. EpiPen is only meant to save you time before dying to get the proper medical care.
This lady is really bright. Great questions from her. Especially the one in the end where she questions the discrepancy between his compassion for animals and not for humans.
Autism sure.
He’s so right it hurts. They’re not listening.
This dude is the goat. It’s clear why they wanted him in jail. Imagine where he would be during all the covid madness...
He's a brilliant manipulator and troll, good shit.
Holy shit 5:40 call the police, because Shkreli goes off the script! I love how he always brings a bit of reality and perspective to the conversation!
“Don’t hate the player, hate the game.”
(Or change the game.)
Holy shit he roasted them so well. CBS makes content and Mylen makes a life saving drugs with lower marginal profits checkmate interview should have been over at that point
The biggest question is why can Mylan do this? I don't mean price controls, but rather why the there is no competition. The blame lies directly at the hands of government bureaucrats over regulating and directly stopping competing products.
It's the FDA
New drugs are very expensive to research and develop. Pharma companies don't create competitive drugs for fun, they do it for profit. Creating a drug that nobody else makes yet unlocks an entirely new market which you can control. If you want to be the competition for a pre existing drug, you won't own the entire market, you'll only get a small piece of the pie.
He owned everyone.
Why do people not understand the sense? He's a businessman. People don't know how business runs apparently
That's all Big Pharma/Big Medicine is about in this country. We're all being exploited by the free market when it comes to healthcare.
Exactly. Even in this video he makes statements that would go against his best interests like saying there should be government ran pharmaceuticals or price fixing. Even goes as far as to say he wish testing on animals weren't a thing. All things that if the government ever did intervene with would negatively impact his business ventures.
He is a Super Villain.
If he had been as genuine and professional last year as he is in this video, he would not be viewed as such a villain. He really presented himself in a great way here and he has a great opportunity to actually do some good.
If he wasn't SO young and SO honest and SO smart, if he played the game and let prices creep up, idiots wouldn't be upset.
Its amazing how well and articulate he talks
Yep you can’t get to where he got to and be stupid
I'm not going to lie, a year or so ago when I heard about the Daraprim fiasco, I really hated this guy for the media's portrayal of the situation. That's why I rarely listen to the media anymore. He's highly intelligent, well spoken, and makes some very compelling points. I like that he's got a broad scope of ideals, rather than just the stereotypical conservative vs. liberal, one-or-the-other mindset.
They glossed over it, but Martin brought up a great point about how we should have a goverment organization that produces affordable drugs as long as it doesn't regulate or affect innovation. This is a fantastic idea, as long as it can be done in a way that makes sense. If it ends up being a bloated beuracracy that costs more money than it's worth then we shouldn't do it. However, if it can be streamlined into being a profitable and affordable gov agency, then maybe we can do something creative like use the profits to pay down our debt, create research grants for more drugs, or scholarships to educate more future scientists. There is really no reason it can't succeed (in theory), as long as those involved are determined to make it work.
Hegot convicted.Serving seven years.I heard he teaches inmates math.
He has a knack for numbers since childhood.
He is right about the insurance companies and costs
He makes a lot of statements about the importance of drug R&D and development but the mission statement of Turing was to 'acquire outdated and expired patents on old medications and to upmark the price for windfall profits'. In his Vice interview he openly admits to Daraprim being a bad, outdated product that the previous owner didn't look after and yet his company did nothing to improve the product nor to justify the increased cost.
this guy is smart as hell, and people upset with him are just jealous. more power to him.
he killed this interview. that line about CBSN being a media company with higher margins producing content not saving people. chills
shkreli is based as fuck
Martin Shkreli deserves his own movie. He has achieved greatness in his own way
thankyou to these reporters for giving him time and respect to make his points. This was a very constructive discussion because even though the reporters wanted to ask the headline questions, they were also open to listening and having a great talk.
God forbid any of these analysts say, "good point Martin" or "wow, I never thought about it like that before". Instead, Martin replies with a strong answer and they move on to another angle of attack and never address his response.
I love how the female interviewer goes from judging him based on dumb press she read to kind of admiring look lol
Martin shkreli and Ben Shapiro is so much alike.
devonferris my best friend was found
xComiiT - huh?? What do u mean?
devonferris the only jews i like
Martin Shkreli isn't a jew though, he said it himself.
A one legged man was a joke idk
This man is a national treasure.
an epipen does not save you all of the costs of going to a hospital. it is important to still seek emergency medical care after giving oneself an epinephrine injection. it simply buys you time to seek more comprehensive medical care.
This dude is smooth. I'll give him that. He is smooth....
I'm actually suprised how easy he went on them
man, hearing him talk about Pfizer and AstraZeneca way back when and the most of us had only heard of these names now
#FreeMartinShkreli
Shkreli sounds so genuine he sounds like he’s on a podcast. Would be cool to see him on Rogan when he’s out
1500s: Galileo put in jail for speaking the truth to stuuu pid masses.
2017: Shreli put in the jail for speaking the truth to stuuu pid masses.
Exactly!
He needs a better haircut
Super Villains don't need them.
+Raymeester how dare you talk about our lord and savior haram-shkreli like that
Your Lord and Saviour is a Super Villain.
That is God Emperor Status.
We have Super Villains, super predators, Harambes and Pepes all over the place, and I'm liking it!
I am loving the rise of the Super Villain.
How can you NOT like this guy? I used to hate him and now I love him lol
Holy crap...gotta say, he crushed everything they threw at him!
Did this guy just argue that someone doesn't need to go to the ER after using an epipen??
Based Shkreli using logic
If Shkreli was doing the world a favor by raising the price of an AIDS drug to an inordinate price and "sticking it to the insurance companies," why aren't people lionizing EpiPen for raising their prices? Why aren't they praised as being heroes also for raising the price of their drug? Maybe they should get a charismatic executive to conduct an interview with Vice News.
Different things brother. Epipen are very important for people with life threatening allergies, and rising the price harms people without health insurance. While the MS drug, Martin provides at dollar rates for people without insurance, and hospitals that cant afford the drug. And like he said, in the vice interview thats 70 percent of his drug. And i don't think you understand why there is a need for a new version for this 80 year old drug, it destroys the bodies of its consumer. Its a horrible drug.
Daraprim isn't an AIDS drug
***** Yea, also a huge misconception. Its a drug to treat a rare infection caused by aids right? Not sure myself, but there are only a few thousand people worth it in the US
Bert Stir lol who told you Daraprim treats AIDS?? Was it CNN or FOX?? Of course it was..... and gullible sheep like you just listen to anything that is said by the media. You are the prime example of a misguided sheep that doesnt do his research..
All hail the greatest troll of all time
Martin Shkreli, the GTOAT
I truly admire the confidence on this guy, and how well he express his ideas
how often does an epipen user use the medication? If its only once or twice a year, surely $300 is really not that bad
But it comes in $600 2 pack.
and some people cant afford a random 600%, its kinda sad that you cant realize that.
Martin us clearly a smart guy. The media has vilified him, but he does make a lot of sense.
2:45 this is this the moment where it sunk in that Martin was 100% correct
This was an amazing interview. More respect for Martin
Once again Shkreli makes some good points
You have to respect him on some level. He walks in as the designated scapegoat, controls the conversation, and answers everyone's questions
The one thing he failed to address was the CEO personal compensation of 18 million dollars
“To save a child.” Okay the child was *fine* and if his mother was actually doing her job and parenting, there wouldn’t be an issue.
It doesn't really save emergency costs, after you use epinephrine for anaphylaxis you have to follow up in the ER to avoid complications.
Shkreli the meme god
Literal trollface shkrelli
That Harambe dialogue lmfao
I don't hate Martin but one thing he said in the beginning isn't entirely true. I've had a generic EpiPen my entire life and you're still supposed to go to the hospital after you use it. The effects can wear off after 20-30 minutes and your body could possibly go back into anaphylactic shock afterwards. It doesn't necessarily save you the cost of an emergency room visit.
he killed this interview. that line about CBSN being a media company with higher margins producing content not saving people. chills
Genuine question: I've been under
the impression that 1.) name-brand meds are expensive because of all the R&D
needed to development cost. And 2) generics basically use the same chemicals as
name-brand meds which eliminates the need for most new R&D. However, at
0:55 Martin Shkreli said this particular drug company isn't making "a ton
of money" because it sells generic drugs. Does that mean R&D isn't the
reason for high prices, only an excuse?