Good fxckin catch 😂😂😂😂.....His mind was churning like a MFer when Vlad asked him that FED ass question with such precision (as if he's heard that type of wording/line of questioning before). Dude is sharp.
I understand the business side but I think certain things should be off limits when it comes to making as much money as possible. Health care and prescription medicine should not be administered like a business. The thing he is missing is that not everyone can afford health insurance
I believe his company implemented some type of program that if you didn’t have insurance, you got a discounted rate. I think I remember him using this as his defense when it came to the HIV medication.
You missed his point.... The Drug was NOT being made at all at one point... and his Company decided to Make it as long as it was very Lucrative for themselves to do so... Meaning he Saved/Helped Suffering people who at one point didn't even have a Drug to even say they Could or Couldn't afford it...
And that’s what Medicaid is for… stop blaming the companies and blame the government assistance that doesn’t cover shit. If the companies can’t be profitable why would they waste their money making these drugs.
@@FoodStampzzzzthis is a lie, this isn’t the pill people are upset about this man bought the rights to an aids drug that sold for 13 dollars and the sold it for 750 a pill. This isn’t why he was criticized, it’s also really weird to be on the internet defending billionaires, they would let you die if it meant another million in thier pockets. That’s why he got banned from his company by the FTC and had to pay back the people who over paid for the drug The company got sued and was forced to list the drug at affordable prices, stop getting your education from VLAD, and a literal FELON who did 7 years in jail for fraud, and defrauding people. You chose to believe him 😂😂😂.
He got buried because he was charging the GOVERNMENT a high amount for the drug he offered but if you couldn't afford it he charged much less. He said his drug markup to the govt was much less for things such as cancer. Since he didn't flip for the govt they slandered him
Understand that he said the reason he raised the price was NOT because they needed $30 a pill to keep mass-producing it but simply because he thought a drug that was saving people’s life shouldn’t be so cheap - esp in contrast to other companies making something similar and selling it for a higher rate. This is greed/avarice in full display. You could have made enough to profit AND mass-produce the drug without raising the price TWENTY times the original rate per pill! Also, the thought that it shouldn’t be so cheap was not based on any objective data besides his own thoughts and opinion about it. He can dress it up and make it sound like he was doing something noble but he wasn’t. This is exactly what is wrong with pharmaceutical companies.
yes because every other business, even the ones making products that kill us should be allowed to maximize profits, only the people that decide to make drugs and save lives shouldn't be able to. How about no one works or invests in evil pharma and we can all work in other businesses that maximizes their profits selling poison and we can all die in our 20s
It’s actually govt that’s the problem. If the barrier to entry was lower, and the free market could be allowed, entrepreneurs would compete and bring the prices down
True but it's also pretty simple. If they don't make the amount of $ they want, they don't make the drug, they don't make the drug people die. So in a way their greed is keeping those people alive.
How about you start an investment company and you finance drugs for people and make no money off it mother Teresa. You all judge business men as “greedy” not because you’re so righteous yourself but because you envy their success
The people in the comments defending this twisted logic are reason snakes like this can get away with this stuff- all in the name of business. We’ve become so obsessed with wealth and hustle we’ve become morally blind
I hear u bro, but we live in a capitalistic society 😢.. We could say the same about insurance companies and a lot of designer companies that charge outlandish prices.
This is a very interesting interview. You can see exactly why US health care is so much. The drug companies know they are just gonna roast the insurance and most people aren't even gonna see the price
Yea, but the solution is to get rid of govt, instance, etc. it’s all a big scam. Healthcare should be so cheaper everyone can afford it but instead they run this scam
Also martin needs to write books with all this knowledge of the drug industry, and finance , and his life in general. I think would be a best seller, what do I know.
No I’m saying instead of doing it for a humanitarian purpose he does it just for the dollar he could care less about the person he’s helping as too why I said I understand his logic
Basically he raised the drug price to around 80 grand per year for patients and then rainbows appeared, world hunger ended, no one ever had to pay anything out of pocket, world peace temporarily occured, certainly there was no negative impact to anyone taking the drug......
I'm not sure if he mentions it in the interview, but he was also paying research and development on these drugs, so he had to pay people salaries to help develop a newer drug hopefully with less side effects. Stuff like this, as the drug was ancient at that point. Also you're very "funny" not.
@@goodftyHe got hemmed up for misrepresenting client returns in his investment firm aka lying. You can defend him all you want, but this dude would finesse you just as well 😂
10 or 15 pills a day??? Thats $300 to $450.. Yes expensive as hell, but I'm not gonna take that many pills a day. Sorry, just finish me behind the woodshed
you wouldn’t be saying that unless you actually had kidney stones buddy, and you obviously never had them either. pissing razor blades is what they say
Vlad, you're still a dork, but you've been knocking it out of the park this year. The Michael Corleone, Pee-Wee and Shkreli interviews are some of your best ever
Raising the price gives Dr’s and insurance companies more of a cut. Hence they will push the drug on more people - even if they don’t really need it. Thats why the amount of individuals on it increased. Greed.
Are you or any of your family members taking any prescription drug to give them a better quality of life..ANY.. if yes. Go see how much it actually costs to buy it. No shade. But let's start the convo based on facts
@@sladderemil5720 @user-ye3iq1om8y Your logic is dumb. If they're selling it for a $1.50 then it probably costs. 0.10 cent or 0.5 cent to actually produce each pill, so they're already making over 1300% profit 📈. He wanted 30,000% profit.This guy's just a sleeze ball and just wanted more profit. This is what causes inflation! Greed
Most people are missing his point.... You missed his point.... The Drug was NOT being made at all at one point... and his Company decided to Make it as long as it was very Lucrative for themselves to do so... Meaning he Saved/Helped Suffering people who at one point didn't even have a Drug to even say the Could or Couldn't afford it...
@@DJPeekz That is what happens in capitalism, sorry to break it to you but all of our life saving drugs and therapies are made with the incentive for companies to profit, stick to chinese herbs if you have a problem
lol bro I’m not judging the dude bc drug dealers basically do the same thing…but relax he saw an opportunity to benefit & get rich off ppl who were in a fucked up situation
What he ain’t saying is 2000 people with the disease how many have affordable health coverage. He is only seeing it from his side and how much he can make
@@dreadlinkagreed. Also at the end of the day. Business is several personal and personal is never business. You can’t blame others for there ability to have insurance. It’s messed up and I support there being assistance from government on issues like this. But it’s not his fault. It’s just business at the end of the day
@@WESTERNBOUNDTVyou have no brain, be better. It’s not that complicated to grasp, on top 9f the fact he has stated more than once, if there’s any person that can’t afford it he would happily supply it to them. Grow up
@@Kobe-jz2zz we get it. He's the type that thinks he's taking from some "faceless conglomerate," the type of kid that said stuff like "I would never steal from my friends.." Well, that still leaves the door open, Martin..
R&D costs, manufacturing costs and marketing costs should determine the cost of medicines. His company didn’t do the R&D and manufacturing costs are low for this drug. How much you can pressure insurance companies to pay shouldn’t determine price. That leads to higher premiums for everyone else. This type of unethical business practices have been a major contributor to our horrible healthcare system.
It's sad that society has conditioned you to believe that medicine that saves lives should be expensive. Society has conditioned you to view humanity through a business lens and you are not even part of that business. They have your mind in the palm of their hand.
I’m trying to sit through this and give him a honest chance but he’s making it hard with every sentence. We all want to make money and price increases aren’t that bad but he’s increasing the prices like crazy. And then he tries to sugar coat the crap he’s trying to feed you. Smh.
Agreed, but from what I heard when all this broke out, and is not in this interview. He charged the insurance company the hundreds of dollars and not the individual themselves. They paid somewhere around 10 or so bucks for a prescription. Also he had a program from what I heard that if you couldn't afford the drug at all, and you could prove you have no insurance, and your financial well-being wasn't up to par. He would give it to you for free, all you had to do was pay shipping. He didn't care to much for the insurance companies, and would call them out in the past as thieves. So he basically did the same thing back to them. Not sure why that question wasn't asked by Vlad just yet, or maybe he warming up to some sort of follow up question leading to that.
Unethical no one cares about that man it's about money bro you think you have a good heart is going to be good enough in the world now get out of here you got to be cruel out here man people been doing this since the beginning of man
I remember Cuban tried to make a company selling generic drugs for cheap because they were expecting to sell large volumes and trying to pretend to be a good guy for that. Martin said it was not gonna work and that it was a bad business model - it didn't work, he was right. Can't remember the specifics but that should be the idea.
And even if he was the bad guy, his presence puts a light on what is wrong with our pharmaceutical industry. People hate when they can attach a name to evil, but let anonymous companies exploit us daily.
Shkreli: *5min verbal circle jerk to make himself seem like gandi for raising the price* Vlad: "so by my calculations you made 160 million". Shkreli: "Well we had to hire a janitor to clean the washrooms and change the logo of the company"
You can do R&D (and then distribution) through the US Government or Private. Historically, the US Gov't has been a horrible allocator of funds for just about anything. Red tape and waste. Private sector is where the innovation lies (mostly). Incentives must be in place for the Private sector. There is no "correct" answer, just one that is clearly worse than the other. He said they did $40MM on the one drug. Spread that out amongst the insurance carriers and/or gov't funding to try and save 2000 lives. $40MM is a drop in the bucket for the industry and this country.
Interesting argument here. I understand the justification for raising the price, especially if it mostly affects the insurance companies. The bigger issue is that development of many pharmaceuticals is financed by the government and therefore tax paying citizens have already purchased the drug, so to speak. I guess the bigger question is why is there a for-profit pharmaceutical industry in America at all?
Dude deserves more credit for his down to earth viewpoints, despite what ever set backs may have happened, he’s always challenged the status quo and thought outside of the box.
basically he's say creating a monopoly is ok. he's acting like he's doing a great service for humanity, meanwhile is profiting greatly. this is what's going with inflation, it's like capitialism is in a hyper form where it's cannibalizing itself. rent, property taxes, health insurance, electronic components, damn near everything is out of control-there should be ethic laws that cut down these predatory practices.
Amazing how ignorant people are of economics and the fact that this man is absolutely right and he in fact DID create access to medication by raising the prices.
Half the people in the comments are like damn “I hated this guy because everyone else said to I’m a sheep and a dumbass who listens to whatever I’m told “ 😂
Fake news media and social media even worse when it comes to mis information and lying but than as always they turn it around and claim the people telling the truth are the real 1s spreading lies. Luckily slowly but surely, more people coming around and common sense going to prevail in the end. After alot of misery and suffering and untold damage but those people will pay for that 1 way or the other eventually. Karma always comes for them
when we ask if healthcare is a privlege or a right, we have to take a look at this. If you genuinely are offering a public service, you dont need to raise the price that much for research. It bout business and the bottom line. The American way
He’s not offering a public service. He’s an investor moron. How much money have u donated to health care since you think he should be so charitable with his??
the real problem is he says the texas company was selling 40 million/ yr but that was a money loser? when the cost of production was likely 10% of that at most. so instead they were making other drugs that they made more money on? so those other drugs are overpriced. it's the entire industry . eisenhower should have warned of the drug industrial complex not the military industrial complex.
Nah he’s twisted…. He said a drug that can save your life should cost more ? 😢 wow, just give me 10 of his bad days of making 2million a day and we can call it …. Cold blooded
No, I see this same logic with profiteers in other industries. People with insane incentive to do shitty, immoral things justify their shittiness in other ways.
He’s got Bill “drug the world” tendencies. It’s always these odd ish, never got women in school, revenge of the nerds types. They worship money bc it make them feel valid in their own skin. If he had no money, he’d have to depend on his looks and personality alone. He’d be a “non-factor”.
People saying its unethical literally doesn't understand economics. Its probably unethical to raise price 100x but at some point the price has to be raised so the company can raise money and so they can still produce the drug, and so they can expand and make new drugs for different illnesses.
And let's be honest the real problem is not the price of drugs, but people lifestyles lack preventive measures. We need to live and eat better. Medicine is not a cure only a suppressant.
Nope, not bad pr, just humans being idiots like usual. Paying 0 attention and doing 0 research into what's actually going on, as long as the headline gives them someone to hate. People who weren't dumbasses looked it up the same month it happened and have never had any ill will towards dude. Didn't need 10 years and an interview from a hip hop outlet.
So he uses the logic of a different drug…peacan…to justify raising the price of another…..🤦🏾♂️ 5:35 ….did he at least make more of the drug for the 2k people after the price hike?🤷🏾♂️ that part wasn’t clear
Well, it kinda makes sense. Honestly, I thought this dude was a jerk. He's not bro, he moves fast with ideas, and nerdy, but that's it. Not bsn around.
I’d rather vlad talk to drug dealers than these guys. At least dealers did what they did out of necessity to a certain extent but this mofo was literally trying to make money off other ppl pain
![Hunxho - Ball Forever [Official Video]](http://i.ytimg.com/vi/nki9ZTF9Uls/mqdefault.jpg)
1:28 I think he just realized Vlad is the actual feds
I think he was simply remembering the time Vlad was talking about. This is also not to say Officer Glad isn’t with the Feds. Two things can be true.
Good fxckin catch 😂😂😂😂.....His mind was churning like a MFer when Vlad asked him that FED ass question with such precision (as if he's heard that type of wording/line of questioning before). Dude is sharp.
😂😆😂
This comment and the reply from Godfather are absolutely hilarious.
😂😂😂😂😂
Forbes is a joke of a publication.
His pill explanation is bs. Pretty sure people paying $30 a pill wouldn’t be “ecstatic”.
How much you think they pay for the Cancer drugs man get out of here man
Well the other option not having the pill at all?
@@user-lu6yg3vk9zthey aren’t taking any if they are 30 a pill with taking 10-15 a day
@@user-lu6yg3vk9zThat happens quite frequently & folks suffer
@@user-lu6yg3vk9z There's a middle ground. Could've been $15-$20
All ima say is kidney stone is the worst pain I’ve ever dealt in my life.
Facts. Worst..
For real
Have you ever been married?
@@cozyslor LMAO!!!!!
Yes just be glad you never had to have a scope put up you
I understand the business side but I think certain things should be off limits when it comes to making as much money as possible. Health care and prescription medicine should not be administered like a business. The thing he is missing is that not everyone can afford health insurance
I believe his company implemented some type of program that if you didn’t have insurance, you got a discounted rate. I think I remember him using this as his defense when it came to the HIV medication.
You missed his point.... The Drug was NOT being made at all at one point... and his Company decided to Make it as long as it was very Lucrative for themselves to do so... Meaning he Saved/Helped Suffering people who at one point didn't even have a Drug to even say they Could or Couldn't afford it...
And that’s what Medicaid is for… stop blaming the companies and blame the government assistance that doesn’t cover shit. If the companies can’t be profitable why would they waste their money making these drugs.
@@FoodStampzzzzthis is a lie, this isn’t the pill people are upset about this man bought the rights to an aids drug that sold for 13 dollars and the sold it for 750 a pill. This isn’t why he was criticized, it’s also really weird to be on the internet defending billionaires, they would let you die if it meant another million in thier pockets. That’s why he got banned from his company by the FTC and had to pay back the people who over paid for the drug
The company got sued and was forced to list the drug at affordable prices, stop getting your education from VLAD, and a literal FELON who did 7 years in jail for fraud, and defrauding people. You chose to believe him 😂😂😂.
you know nothing then..
He got buried because he was charging the GOVERNMENT a high amount for the drug he offered but if you couldn't afford it he charged much less. He said his drug markup to the govt was much less for things such as cancer. Since he didn't flip for the govt they slandered him
Vlad.... keep em coming this noting but great knowledge.... Salute 💯
When’s the wu tang video coming 😅
Already happened
Even if insurance conpanies cover most of it, thats still fucking us down the line somewhere.
Understand that he said the reason he raised the price was NOT because they needed $30 a pill to keep mass-producing it but simply because he thought a drug that was saving people’s life shouldn’t be so cheap - esp in contrast to other companies making something similar and selling it for a higher rate. This is greed/avarice in full display. You could have made enough to profit AND mass-produce the drug without raising the price TWENTY times the original rate per pill!
Also, the thought that it shouldn’t be so cheap was not based on any objective data besides his own thoughts and opinion about it. He can dress it up and make it sound like he was doing something noble but he wasn’t.
This is exactly what is wrong with pharmaceutical companies.
yes because every other business, even the ones making products that kill us should be allowed to maximize profits, only the people that decide to make drugs and save lives shouldn't be able to. How about no one works or invests in evil pharma and we can all work in other businesses that maximizes their profits selling poison and we can all die in our 20s
It’s actually govt that’s the problem. If the barrier to entry was lower, and the free market could be allowed, entrepreneurs would compete and bring the prices down
Yeh. I heard what he said and thought. I'm sure there is another way to tell this story.
True but it's also pretty simple. If they don't make the amount of $ they want, they don't make the drug, they don't make the drug people die. So in a way their greed is keeping those people alive.
How about you start an investment company and you finance drugs for people and make no money off it mother Teresa. You all judge business men as “greedy” not because you’re so righteous yourself but because you envy their success
The people in the comments defending this twisted logic are reason snakes like this can get away with this stuff- all in the name of business. We’ve become so obsessed with wealth and hustle we’ve become morally blind
The old price couldn't sustain the production of the drug. Higher costing drug is better than no drug, how is that hard to understand
I hear u bro, but we live in a capitalistic society 😢.. We could say the same about insurance companies and a lot of designer companies that charge outlandish prices.
As long as money exist , the world will always have people with twisted logic
@@c.lizzy.043 well, you don't need a gucci bag to survive. I hope you won't need those pills anytimes in life.
Tell that to the person who made the phone your using that did the same thing
This is a very interesting interview. You can see exactly why US health care is so much. The drug companies know they are just gonna roast the insurance and most people aren't even gonna see the price
Yea, but the solution is to get rid of govt, instance, etc. it’s all a big scam. Healthcare should be so cheaper everyone can afford it but instead they run this scam
Also martin needs to write books with all this knowledge of the drug industry, and finance , and his life in general. I think would be a best seller, what do I know.
The way this dude lies with such finesse is really something to see.
He seems like a sleeve ball to me I understand his logic but he’s about the $
That's what it is supposed to be about.
? Why would do all that work for nothing?
@@Bane5393you’re stupid and lost
Do you work for free ?
No I’m saying instead of doing it for a humanitarian purpose he does it just for the dollar he could care less about the person he’s helping as too why I said I understand his logic
Vlad said no one has ever gotten the full story, hes full of shit Martin has been telling this story for years and years, hes like the last to get it
His justification for price gouging is nonsense. One can argue that most prescription drugs are life-saving but they all don't cost 80 grand.
Basically he raised the drug price to around 80 grand per year for patients and then rainbows appeared, world hunger ended, no one ever had to pay anything out of pocket, world peace temporarily occured, certainly there was no negative impact to anyone taking the drug......
I'm not sure if he mentions it in the interview, but he was also paying research and development on these drugs, so he had to pay people salaries to help develop a newer drug hopefully with less side effects. Stuff like this, as the drug was ancient at that point.
Also you're very "funny" not.
@@goodftyHe got hemmed up for misrepresenting client returns in his investment firm aka lying. You can defend him all you want, but this dude would finesse you just as well 😂
@goodfty you are very gullible
@goodfty lol you can't be that thick. Lawers and office workers
@@goodfty😂😂😂
10 or 15 pills a day??? Thats $300 to $450.. Yes expensive as hell, but I'm not gonna take that many pills a day. Sorry, just finish me behind the woodshed
lol
Murica #1 baby
behind the woodshed is a good place because its brushy and away from the neighbors so the shot will be muffled...
you wouldn’t be saying that unless you actually had kidney stones buddy, and you obviously never had them either. pissing razor blades is what they say
U ever heard of insurance??
Vlad, you're still a dork, but you've been knocking it out of the park this year. The Michael Corleone, Pee-Wee and Shkreli interviews are some of your best ever
insulting vlad and then giving him a back handed compliment is an interesting choice 🤔
@@game_theory2547thank you
🤣🤣🤣
Raising the price gives Dr’s and insurance companies more of a cut. Hence they will push the drug on more people - even if they don’t really need it. Thats why the amount of individuals on it increased. Greed.
this argument doesn't make much sense - just because it saves lives doesn't mean it should cost more. Corporate greed at its best.
if it cost $1,50, no company will bother to make it
That's how the world works, without it there wouldnt be any at all
Are you or any of your family members taking any prescription drug to give them a better quality of life..ANY.. if yes. Go see how much it actually costs to buy it. No shade. But let's start the convo based on facts
@@sladderemil5720 @user-ye3iq1om8y Your logic is dumb. If they're selling it for a $1.50 then it probably costs. 0.10 cent or 0.5 cent to actually produce each pill, so they're already making over 1300% profit 📈. He wanted 30,000% profit.This guy's just a sleeze ball and just wanted more profit. This is what causes inflation! Greed
if they don't make money, they don't make it, if they don't make people die. So they need to make money.
Drop the damn album 😂
This is why this country sucks. You right their. He talks how he is fucking people over but your dumbass cares about a glorified mixtape
Props to Vlad for how brilliantly he steered this segment of the interview. Top notch journalism
Why was it top notch he was as transparent years ago when discussing the other drugs he made years ago on The Breakfast Club
He reminds me of the guy in the movie Superbad that hit dude with his car Lolol
yes lmao
😭😭😭😭😭😭😭😭
Joe Truglio
He does 😂
So…do you guys got MySpace lol
“Ecstatic”
🤣
Right 😅
Gym, Tan, Laundry (GTL) ASAP for this guy.
We have 760 Zonda one-offs to put deposits on.
He made a fortune on it. 😂😂😂😂
Behind most Fortunes there's a even greater crime.
Of course look at the Saudis
So the more desperate you are for help the more they charge you
Most people are missing his point.... You missed his point.... The Drug was NOT being made at all at one point... and his Company decided to Make it as long as it was very Lucrative for themselves to do so... Meaning he Saved/Helped Suffering people who at one point didn't even have a Drug to even say the Could or Couldn't afford it...
And you're missing the point that his motive was profit and nothing else
Who cares what his motive is? In the end the people got the drugs they needed.
@@DJPeekz That is what happens in capitalism, sorry to break it to you but all of our life saving drugs and therapies are made with the incentive for companies to profit, stick to chinese herbs if you have a problem
lol bro I’m not judging the dude bc drug dealers basically do the same thing…but relax he saw an opportunity to benefit & get rich off ppl who were in a fucked up situation
He could’ve given it away.
You can tell by how he dress this dude rich🤑
This punk is morally bankrupt.
What he ain’t saying is 2000 people with the disease how many have affordable health coverage. He is only seeing it from his side and how much he can make
I think the point is relatively simple. He's saying making a profit makes the drug more accessible to everyone. That's basic economics.
@@dreadlinkagreed. Also at the end of the day. Business is several personal and personal is never business. You can’t blame others for there ability to have insurance. It’s messed up and I support there being assistance from government on issues like this. But it’s not his fault. It’s just business at the end of the day
@@dreadlinkor everyone can have access to medication. That can easily be done. But you’re a fool so why should they stop the scam?
@@dreadlink hes making because he over paid the rights for the drug lol
This Guy is smart been liking him years ago happy to here is story
you have no soul
@@WESTERNBOUNDTVyou have no brain, be better. It’s not that complicated to grasp, on top 9f the fact he has stated more than once, if there’s any person that can’t afford it he would happily supply it to them. Grow up
People like this guy are the reason we have inflation and high medical bills. Tru to life sleeze ball pos.
This guy making the case with a straight face for raising the price of a drug from a $1 to $80 is hilarious.😂
*He ain't the only one in big pharma doing this*
You clearly weren’t listening
It's been 8 years and niggas still don't get what he did
Hes explained it so many times
@@Kobe-jz2zz we get it. He's the type that thinks he's taking from some "faceless conglomerate," the type of kid that said stuff like "I would never steal from my friends.." Well, that still leaves the door open, Martin..
People forget he raised the price so insurance companies can cover it but if you don’t have insurance/no money to buy he’ll give it to you for free
This type of greed will be the end of the american empire. By the time ppl come around to realizing it will be too late
martis was getting emotion about the kids Vlad was not intressted LMFAO
R&D costs, manufacturing costs and marketing costs should determine the cost of medicines. His company didn’t do the R&D and manufacturing costs are low for this drug. How much you can pressure insurance companies to pay shouldn’t determine price. That leads to higher premiums for everyone else. This type of unethical business practices have been a major contributor to our horrible healthcare system.
Dude ain’t as bad as folks try to make him seem, his logic makes perfect sense. I rock wit him
It's sad that society has conditioned you to believe that medicine that saves lives should be expensive. Society has conditioned you to view humanity through a business lens and you are not even part of that business. They have your mind in the palm of their hand.
Lmfao that logic made perfect sense to you?
@@AF-Twice I don’t care wat u think fool
Charging sick people $30 for medication? The man got no hart for the people who need medical help . wtf you talking about?
@@BabyKobeeee yes, y would a drug that can save your life cost the same as a coffee? It should cost more than that
I’m trying to sit through this and give him a honest chance but he’s making it hard with every sentence.
We all want to make money and price increases aren’t that bad but he’s increasing the prices like crazy. And then he tries to sugar coat the crap he’s trying to feed you. Smh.
Agreed, but from what I heard when all this broke out, and is not in this interview. He charged the insurance company the hundreds of dollars and not the individual themselves. They paid somewhere around 10 or so bucks for a prescription. Also he had a program from what I heard that if you couldn't afford the drug at all, and you could prove you have no insurance, and your financial well-being wasn't up to par. He would give it to you for free, all you had to do was pay shipping. He didn't care to much for the insurance companies, and would call them out in the past as thieves. So he basically did the same thing back to them. Not sure why that question wasn't asked by Vlad just yet, or maybe he warming up to some sort of follow up question leading to that.
Its legal but unethical
not unethical kid
Unethical no one cares about that man it's about money bro you think you have a good heart is going to be good enough in the world now get out of here you got to be cruel out here man people been doing this since the beginning of man
watch the full thing before yapping
usa gov aint making it legal
I don't know what Mark Cuban did to Martin but he never misses an opportunity to knock him lol
I remember Cuban tried to make a company selling generic drugs for cheap because they were expecting to sell large volumes and trying to pretend to be a good guy for that. Martin said it was not gonna work and that it was a bad business model - it didn't work, he was right. Can't remember the specifics but that should be the idea.
Everybody mad at him when they should be mad at the government for not making it
Media spin screwed this dude
And even if he was the bad guy, his presence puts a light on what is wrong with our pharmaceutical industry. People hate when they can attach a name to evil, but let anonymous companies exploit us daily.
This dude carries himself like he hasn’t had his ass handed to him before
there ain’t a lot of ”throwing fists” at company board meetings
He punked ghostface... I doubt he can't handle himself
When you commodify health , what do you expect…
I was getting this giy mixed up with NEVIN SHAPIRO. VLAD GO FIND AND INTERVIEW NEVIN SHAPIRO!
Shkreli: *5min verbal circle jerk to make himself seem like gandi for raising the price*
Vlad: "so by my calculations you made 160 million".
Shkreli: "Well we had to hire a janitor to clean the washrooms and change the logo of the company"
You can do R&D (and then distribution) through the US Government or Private. Historically, the US Gov't has been a horrible allocator of funds for just about anything. Red tape and waste. Private sector is where the innovation lies (mostly). Incentives must be in place for the Private sector. There is no "correct" answer, just one that is clearly worse than the other. He said they did $40MM on the one drug. Spread that out amongst the insurance carriers and/or gov't funding to try and save 2000 lives. $40MM is a drop in the bucket for the industry and this country.
Interesting argument here. I understand the justification for raising the price, especially if it mostly affects the insurance companies. The bigger issue is that development of many pharmaceuticals is financed by the government and therefore tax paying citizens have already purchased the drug, so to speak. I guess the bigger question is why is there a for-profit pharmaceutical industry in America at all?
Dude deserves more credit for his down to earth viewpoints, despite what ever set backs may have happened, he’s always challenged the status quo and thought outside of the box.
Should be illegal
lol ok kid
Hes charging the insurance company
you need to take some business classes and learn how about how companies survive.
im sure monopoly laws would step in , usa needs to introduce them
2:24 this might be the reason why them people came.. that price was so high
That shirt collar looks like a fruit roll up 😂
Viagra probably saved few lives in high altitude saw it taken on Top Gear
This guys the real devil
no hes just a genius business man, he does no evil
He punked ghostface
@@roberthorry621 greed is evil
Man out of all the people dying, he couldn't be one of em?
I had a kidney stone once and thought I was dying from a ruptured appendix or something. They had to shoot me up with morphine.
basically he's say creating a monopoly is ok. he's acting like he's doing a great service for humanity, meanwhile is profiting greatly. this is what's going with inflation, it's like capitialism is in a hyper form where it's cannibalizing itself. rent, property taxes, health insurance, electronic components, damn near everything is out of control-there should be ethic laws that cut down these predatory practices.
Sleezeball it’s called being inhumane by raising the price from 1.00 to 30.00
The insurance companies are the ones who pay the new price..
Amazing how ignorant people are of economics and the fact that this man is absolutely right and he in fact DID create access to medication by raising the prices.
Half the people in the comments are like damn “I hated this guy because everyone else said to I’m a sheep and a dumbass who listens to whatever I’m told “ 😂
Fake news media and social media even worse when it comes to mis information and lying but than as always they turn it around and claim the people telling the truth are the real 1s spreading lies. Luckily slowly but surely, more people coming around and common sense going to prevail in the end. After alot of misery and suffering and untold damage but those people will pay for that 1 way or the other eventually. Karma always comes for them
Isn't everyone about the moneythis days including politicians so the government needed a scapegoats
3 boys in the world, dying of this disease. remember this sad story, im not a slimeball, 3 dying kids, sad sad story.
when we ask if healthcare is a privlege or a right, we have to take a look at this. If you genuinely are offering a public service, you dont need to raise the price that much for research. It bout business and the bottom line. The American way
Capitalist country!
He’s not offering a public service. He’s an investor moron. How much money have u donated to health care since you think he should be so charitable with his??
This guy won’t stand a chance in the purge….
the real problem is he says the texas company was selling 40 million/ yr but that was a money loser? when the cost of production was likely 10% of that at most. so instead they were making other drugs that they made more money on? so those other drugs are overpriced. it's the entire industry . eisenhower should have warned of the drug industrial complex not the military industrial complex.
I love Martin
Your price is way to high, you got to cut it.
Hydrangea pills do the same thing
title is misleading the pill was from US$13.50 to US$750 per pill overnight lol
Different pill
literally no… now why don’t you go take your pills to keep making you a transformer
@@kidjaey perc40
Besides the bad PR, what did he ACTUALLY do wrong?
Nah he’s twisted…. He said a drug that can save your life should cost more ? 😢 wow, just give me 10 of his bad days of making 2million a day and we can call it …. Cold blooded
The matrix went after him just like they did to Andrew Tate.
Lies‼️Vlad caught his ass 💀
This guy’s clearly a sociopath.
Ok im glad vlad did this…that American greed episode had dude looking like the worst person 😂
No, I see this same logic with profiteers in other industries. People with insane incentive to do shitty, immoral things justify their shittiness in other ways.
Man, this guy is reduced to doing paid interviews for Vlad?
“Why are your goons not as hard as mine?” Pause
-Martin Shkreli threatening Ghostface Killer
YT classic
Vlad will go down as one of the greatest journalists
BAHAHAHA!
He’s got Bill “drug the world” tendencies. It’s always these odd ish, never got women in school, revenge of the nerds types. They worship money bc it make them feel valid in their own skin. If he had no money, he’d have to depend on his looks and personality alone. He’d be a “non-factor”.
Lol I remember when he held the carter 5 hostage n made that video
Society should put their money together, trillions, and make their own drugs, cheap.
But private companies wouldn't like that.
Profits over people.....
People saying its unethical literally doesn't understand economics. Its probably unethical to raise price 100x but at some point the price has to be raised so the company can raise money and so they can still produce the drug, and so they can expand and make new drugs for different illnesses.
And let's be honest the real problem is not the price of drugs, but people lifestyles lack preventive measures. We need to live and eat better. Medicine is not a cure only a suppressant.
@@Residual_gaminghow can you do that when you’re being worked to death?
@@davruck1 eat right, gym, and mental fortitude
@@Residual_gaming thanks for confirming you’re an NPC
You're a moron, Universities and tax payers flip the bill and big companies come in and buy up the patents for the drugs
I knew dip wasnt real but i copped anyways
This guy believes whatever he wants
"YES!!!!"
Why did they say it was a pill for cancer when they reported on this back in the day?
he did multiple deals like this for different diseases
Because media lied
To be honest I disliked the guy for it, maybe it was bad PR...But him explaining it like this makes sense. If it's true of course.
Nope, not bad pr, just humans being idiots like usual. Paying 0 attention and doing 0 research into what's actually going on, as long as the headline gives them someone to hate. People who weren't dumbasses looked it up the same month it happened and have never had any ill will towards dude. Didn't need 10 years and an interview from a hip hop outlet.
Honestly this is insightful. Kudos to him and the patients who needed the drug.
So he uses the logic of a different drug…peacan…to justify raising the price of another…..🤦🏾♂️ 5:35 ….did he at least make more of the drug for the 2k people after the price hike?🤷🏾♂️ that part wasn’t clear
Well, it kinda makes sense. Honestly, I thought this dude was a jerk. He's not bro, he moves fast with ideas, and nerdy, but that's it. Not bsn around.
I’d rather vlad talk to drug dealers than these guys. At least dealers did what they did out of necessity to a certain extent but this mofo was literally trying to make money off other ppl pain
I dunno, I like this guy.
Just to shows you how important hearing both side matters… use to think bro was an ass hole till now.
Guys smart