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Monday, September 21, 2015

Cashing In On Suffering

Raw Story: Ex-hedge funder buys rights to AIDS drug and raises price from $13.50 to $750 per pill

2 comments:

Glynn Kalara said...

It's actually even worse. First of all the drug is not an AIDS drug. It's a 70 yr. old drug to treat Toxoplasmosis. The "cat" virus that new borns some times get infected with because their owners own a cat that has it. This shitty little hedge fund douche bag bought this drug and raised the price over 5000% on the bet that someday soon the virus that causes this disease might mutate. Now dig this the reason why this might happen and the rate of infection might skyrocket is because according to him somewhere around 2 bil. people has the disease in an immune system suppressed version! So, the hedge or gamble here is as the population ages that some portion of the population that survives will develop the disease anyway! The drug then will be worth billions. What a scumbag! This what is turning people against the whole so called Health system in this country. You have to go watch the interview with him on Bloomberg News to hear this predators laughable PR BS.

Jim Sande said...

He is a scumbag. This news makes me furious.