Bernie Sanders Busts Turing Pharmaceuticals CEO For Not Lowering Price Of Lifesaving Drug

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According to Sen. Bernie Sanders (I-VT), Turing Pharmaceuticals CEO Martin Shkreli sent an army of lobbyists and lawyers to Washington instead of rolling back his 5000% price increase on a lifesaving drug.

In a statement Sen. Bernie Sanders and Rep. Elijah Cummings (D-MD) blasted the CEO for breaking his promise to roll back his price gouging:

Two months ago, former hedge fund manager and Turing CEO Martin Shkreli purchased Daraprim—a drug taken by cancer and AIDS patients—and increased the price 5,000 percent overnight, to $750 per pill.

After we sent a letter condemning his blatant profiteering, Mr. Shkreli promised the American people that he would lower the price of this drug. However, instead of lowering the price as he promised, Mr. Shkreli hired an army of new Washington lobbyists and lawyers to stem the massive fallout from his actions and to stymie congressional oversight.

On behalf of the American people, we are sickened by these actions. Mr. Shkreli is holding hostage the patients who rely on this lifesaving medication, as well as the hospitals that administer it, by charging unconscionable prices for a drug on which he has a monopoly—just because he can.

Shkreli made an empty promise publicly to lower the price while privately deploying lobbyists and lawyer to make sure that Congress does not investigate his business practices. The media forgot about the story as soon as the promise was made that the price would be lowered.

The reality is that it is going to take dedicated oversight from leaders like Sen. Sanders and Rep. Cummings to make sure that Shkreli follows through and lowers the price. The behavior of Turing Pharmaceuticals is a perfect example of why the Big Pharma monopoly must be broken.

The Affordable Care Act was a big step forward for healthcare in the United States, but Americans continue to die because they can’t afford the medications that they need. Big Pharma is ruled by greed. They will never do what is right, which is liberals like Sanders and Cummings must keep fighting because this really is a matter of life and death.

12 Replies to “Bernie Sanders Busts Turing Pharmaceuticals CEO For Not Lowering Price Of Lifesaving Drug”

  1. Smug greedy, self absorbed liar..THIS is the reason why that industry needs MORE regulation…Let the hospitals buy from abroad….

  2. The great nation of Georgia has given the world rulers like Queen T’hamar, poets innumerable from Shota Rust’haveli to the Tabidzes and Paolo Yashvili, artists like Dmitrii Shevardnadze, and of course, his politician nephew Edvard…and then they have to besmirch themselves with Stalin, Beria, and Martin Shkreli.

  3. The only reason this guy was able to get the monopoly on the drug was the regulations that gave him the rights to its exclusive use. Also, allowing hospitals to buy medication from abroad would involve removing the regulations that prevent them from doing so, not adding more.

  4. Bill Gates revolutionized the way we communicate with each other the same way the tv or telephone did.

    If the government can label something a monopoly, even if it’s something that was created out of one’s own ingenuity and imagination, they certainly can stop a wretched, pissant little shit from jacking up prices on life-saving medicines.

  5. There aren’t many times I wish somebody would get their foot caught in a bear trap, near a 300 foot cliff, fall off it and dash their brains on sharp rocks below, but I hope that the little asshole Martin Shkreli does.

    He had one of the most crotch punchable faces I have ever seen.

  6. Its time we weaned ourselves of the addiction to prescription drugs … there are so many healthy alternatives that doctors aren’t allowed to tell us about, they’re not on “our” side … get digging and find ways to take your health back into your own hands. I did and am nearing 70 – look 55 and don’t take a single drug. Fitter and stronger than ever. Don’t be pimped by these people – you owe it to yourself & yr family. Prescription drugs = no.3 killer after heart and cancer!

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