Quote:https://np.reddit.com/r/worldnews/commen...gs/cvab97p


Speculation is now that he has been intentionally manipulating the market to facilitate insider trading.

 

So reddit is the source?  Really?

 

I would point out this article by FOX News that references this article from CBS News.  This isn't "big pharma" doing this, it's a startup company.  Perhaps it's a startup company that is actually creating jobs, you know, something that has been pretty stagnant over the last 7 years.

 

A couple of quotes from the CBS News article.

Quote: 

The company obtained rights to sell the drug, the only U.S.-approved treatment for toxoplasmosis...

 

Perhaps that points to regulation?

 

Further from the article.

Quote: 

Turing had said it would use profits to improve the drug's formulation and develop new, better drugs for the infection. It also stressed that some patients can get financial aid from the company to obtain the drug.

 

So in order to develop a better drug, they have to make money.

 

More from CBS News.

Quote: 

"Why was it necessary to raise the price of Daraprim so drastically?" CBS News correspondent Don Dahler asked Shkreli.

 
"Well, it depends on how you define 'so drastically.' Because the drug was unprofitable at the former price, so any company selling it would be losing money. And at this price it's a reasonable profit. Not excessive at all," Shkreli responded.

 

So taking a drug that loses money for a company and trying to profit off of it is a bad thing?  Should they just give it away?  Another point to look at is in the former quote from the article that I posted.  How is a company supposed to survive and develop new and better drugs if they aren't allowed to earn a profit?  One other aspect to look at is why does it cost so much to develop and bring new and/or better drugs to market?  Could it be because of regulation?

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