>Martin Shkreli, the former pharmaceutical executive who is awaiting sentencing for a fraud conviction, was sent to jail on Wednesday after a federal judge found that he presented a threat to the community because he had offered money for a strand of Hillary Clinton’s hair.
Yeah, when you're out on bail awaiting sentencing for another conviction, your best bet is to sit at home quietly and stfu.
Care to explain yourself?
This will probably get buried but whatever. I worked in pharma for a long time and what he did at Turing is the fucking blueprint for that entire industry. Jack up the price, stick the insurance companies with the bill (which of course will trickle down to the consumer), and then subsidize the co-payment for the patient so you look like the good guy ("Hey, your insurance is paying $25,000 per month for this, but we're gonna cover your $40 co pay!"). Finally, give it away for free to a miniscule percentage of people for the good press. That's what he did. That's what we did. Thats what hundreds of others do.
The only reason Shkrelli got any lasting heat is because he's a young guy who went into full WWE villain mode once he started getting some attention. Usually, once a price gouging story runs some old white CEO comes out with a bullshit statement heavily vetted by our corporate lawyers about how we're committed to helping patients, and it goes away with the rest of the news cycle in 48 hours. It happened to companies I worked for multiple times, and every time the heat was off within a day or two
Martin was drawing prolonged negative attention to the entire healthcare industry during an election year simply because he wouldnt shut up, which in turn was creating a dialogue with the Dems in Washington about drug pricing reform during a time when Clinton was way ahead in the polls, which in turn was negatively affecting the markets, which in turn was causing a lot of rich and powerful people to lose a lot of money. It was only a matter of time before he got jailed or worse for what he was single handedly responsible for in that industry over that time.
Don't get me wrong, jailing Shkreli is a good start, but he is just the scapegoat for an incredibly fucked up industry. There are others in that industry making a lot more money than him while exploiting a much bigger (and sicker) patient population, and nobody knows their names.
>Mr. Shkreli, dressed in a lavender button-down shirt, was animated for much of the hearing, as he had been throughout his trial. But his behavior changed when Judge Matsumoto said that she had decided to jail him, and he sat quietly at the defense table for the rest of the hearing.
lol, best part of the article. I could actually picture it.
He shouldn't have disrespected the Wu Tang clan