I'm sure anybody that invested with this guy still have tons of money from other shady deals.
Announcement
Collapse
No announcement yet.
Anybody hear about the drug that went from $15.00 to $750.00 overnight ?
Collapse
X
-
That's a shame, profiting on the sick, boo hoo. Sometimes people reap what they sow.You must try to generate happiness within yourself. If you aren't happy in one place, chances are you won't be happy anyplace. -Ernie BanksComment
-
The stock I mentioned, GSK, is basically flat (up about 5%) from Sept 22. The logic remains: if you think drug companies are making obscene profits, then let them do it on your behalf.*
*Unless management steals it all, and then you're doubly screwed.Last edited by Duncan; Jun 10, '16, 9:59 PM.Comment
-
Not sure "bragged" is fair. Here's what I said: "Yeah, I understand the investments made in research and letting drug cos make enough profit to justify that expense, but jacking up prices on old drugs bothers me. Maybe if you can't beat ém join ém: a lot of the drug cos are publicly traded. GSK has a nice 6% dividend yield..."
The stock I mentioned, GSK, is basically flat (up about 5%) from Sept 22. The logic remains: if you think drug companies are making obscene profits, then let them do it on your behalf.*
*Unless management steals it all, and then you're doubly screwed.
But the bad PR sinking the companies stock price was water evening itself out.Last edited by Mr.Marion; Jun 11, '16, 10:48 PM.Comment
-
I basically agree. That's why I threw out the GSK symbol, and not Valeant's. MRK and PFE are also blue chip names in the industry. I'd argue that in the aggregate, the industry does more good than harm - at least those companies in the business of creating new drugs. Valeant's business model was more like that of a hedge or private equity fund, and they allegedly played games with their distribution network to prevent generic manufacturers from acquiring enough drug for testing. Personally, I'm more annoyed with regulators for allowing that situation to (allegedly!) exist.Comment
-
should be a nice prison wedding for him.You must try to generate happiness within yourself. If you aren't happy in one place, chances are you won't be happy anyplace. -Ernie BanksComment
-
-
I read that he was crying in court. Couldn’t apologize enough. Cried so much that the judge gave him a box of Kleenex. He told the judge that he thought the sentence was too harsh.
Oh well.
- IanRampart, this is Squad 51. How do you read?Comment
-
LOL! Makes me think of Cartman on South Park...Mmmmm your tears are so sweet...yummy!Comment
-
Gee, couldn't have happened to a sweeter guy, he's a real charmer.
Yeah, both my kids need Epipens so we have four at any given time (one each for home, and one each stored at their school). I'm glad our insurance covers it (especially now that Ontario pays for prescription drugs for anyone under 25) because I can't imagine having to actually buy four at one time (and I've heard that they are even more expensive in the states). The high price boggles my mind though, I've read that each one only contains a couple dollars worth of medicine, and the delivery system was designed by the US military, so how did a private company end up with the patent for that?Comment
Comment