Tuesday, October 27, 2015

Sometimes The Free Market Does Work

Remember Martin Shkreli, the miserable excuse for a human being who bought the rights to make a pharmaceutical and raised its price from $13.50 a dose to $750?  Well, here is what happened:

"Imprimis Pharmaceuticals is offering a “customizable compounded formulations” of the two main ingredients in Turing Pharmaceuticals’ Daraprim, which is typically used to treat toxoplasmosis, an infection caused by a parasite. The drug is particularly critical for pregnant women and those infected with immunodeficiency disorders like HIV/AIDS. Their version of the pill will be available for less than a dollar per capsule, according to a press release. A 100-pill bottle will sell for as low at $99, the company said."

Live by the sword, etc.  I have to say that this is one time that the free market system dealt one greedy bastard just what he deserved.  I hope his investment is looking good to him now.

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