Read this this morning. It is happening I think on the 7th of September.
I was told the garbage Kratom drinks they sell in the gas stations caused it
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Does anyone know where the CEO's and families of big pharma companies live?
These people need to be held accountable
Does anyone know where the CEO's and families of big pharma companies live?
These people need to be held accountable
The 32-year-old founder and CEO of Turing Pharmaceutical made headlines in September for raising the price of Daraprim, often used to treat HIV and AIDS patients, from $13.50 per pill to $750 per pill after buying the rights to the drug. Martin Shkreli, who drew national scorn for hiking the cost of a life-saving drug 4,000 percent overnight, has been arrested, according to multiple reports early Thursday.
The news that Mylan CEO Heather Bresch got a nearly sevenfold pay increase while hiking the price of her drug company’s popular EpiPen 400 percent over the past eight years is shocking enough. What you may not realize is how closely tied those facts are, Senator Joe Manchin of West Virginia is her father
The 32-year-old founder and CEO of Turing Pharmaceutical made headlines in September for raising the price of Daraprim, often used to treat HIV and AIDS patients, from $13.50 per pill to $750 per pill after buying the rights to the drug. Martin Shkreli, who drew national scorn for hiking the cost of a life-saving drug 4,000 percent overnight, has been arrested, according to multiple reports early Thursday.
The news that Mylan CEO Heather Bresch got a nearly sevenfold pay increase while hiking the price of her drug company’s popular EpiPen 400 percent over the past eight years is shocking enough. What you may not realize is how closely tied those facts are, Senator Joe Manchin of West Virginia is her father
Neither one of those are patented drugs, and anybody who wants to start a pharma company is more than welcome to develop and market a generic.
Uh far worse designers out there than kratom.... That aren't being made schedule one drugs.
Do you even realize that the food industry along with the pharmacuetical industry makes this country go round, and that our government protects those things to ensure that the money train continues to flow.
Why do you think all those small farms were put out of business? So that the food industry could produce cheap processed food that is essentially nutrient less and hike up prices.
That is why we have the FDA. Food and drug my friend is hugely responsible for what makes things happen. Didn't you know that the gov is in bed w the pharmaceutical companies?
That they sometimes pay upward of over a million dollars to have the patent for there drug approved on a "fast track". That research has very little to do with what drugs are on the market, as the research is done by the drug companies themselves.
It's far bigger than what you see my friend wake up
This is precisely what I'm talking about. It should have never gotten to this point. If the FDA/DEA was doing its job, they would have stopped these clowns in their tracks before they enriched themselves/hurt innocent people who needed their drugs to live.
Instead, they're busy going after Kratom.
This country is 19 TRILLION in debt, we don't have time for this bullshi!t. The people at the top of big pharma, the FDA, the DEA need to be held accountable.
Oh ok. I can't believe it though. DEA ruins everything. The stores that carry it here haven't heard anything about it yet though.
Which far worse designer drug is being pushed out of every head shop in the country and causing overdoses?
Because I'm sure once their use is as widespread as kratom and the body count starts, they'll be scheduled as well.
Do you realize that without modern pharmaceuticals, our life expectancy would be 20 years lower. And our government hardly protects those companies, it is prohibitively expensive to start a pharmaceutical company, the majority of new pharmaceutical companies fail without ever getting a drug to market just like every other industry. Except a pharma startup runs you the minimum of tens of millions of dollars.
What small farms that who put out of business? And the agribusiness industry contributes largely to *decreasing* prices not hiking them up. There's a reason your local small farm sourcing grocery store or whole foods costs twice as much as the big grocers.
The overwhelming majority of staple foods have increased in price at rates LOWER than inflation over the past 40 years.
This has happened solely because of big agribusiness.
Put away the conspiracy theories, People like you are the bane of rational discussion about any issue.
Actually, they pay to get their IND applications fast tracked so they can get life-saving drugs to market faster. Would you rather they not spend that money and people die while a drug takes years longer to reach the market? Also, if the FDA is in bed with pharma, why would they charge them to fast track things, shouldn't they want pharma to get as many drugs on the market as fast as possible? Oh wait, the narrative you're trying to drive is entirely contradictory with itself.
How about you wake up from your alex jones induced stupor and actually learn anything about anything to do with the food, supplement, and pharma industries so you can actually have any understanding of the actual inefficiencies and problems involved in those industries and their interactions with the FDA instead of just subscribing to bull****.
This is precisely what I'm talking about. It should have never gotten to this point. If the FDA/DEA was doing its job, they would have stopped these clowns in their tracks before they enriched themselves/hurt innocent people who needed their drugs to live.
Instead, they're busy going after Kratom.
This country is 19 TRILLION in debt, we don't have time for this bullshi!t. The people at the top of big pharma, the FDA, the DEA need to be held accountable.
Bro, you are really blind.... Majority of the life saving drugs that your talking about come with plethora of their own side effects. Let's take blood pressure medication for instance, just for one example. Or diabetic medication. These issues could better be controlled with diet and exercise than medication. But guess what, if we continue to feed you crap food you will continue to have health problems and continue to go to a doctor to get a magic pill to fix your problem... Can you see the cycle there?
If you can't see the tangled web we are in your lost. Our medical system sucks in America, if you even try and dispute that it's laughable. Our country is 5% of the world population and we consume 75% of the worlds prescription drugs. Like I said buddy wake up, the pharmaceutical companies are businesses that make billions. The millions you proclaim they cost to "start up" are a drop in the bucket.
There is no reason an epi pen shot should cost hundreds of dollars. If the FDA really was what your saying they would never allow that to happen.
De__eb, why must you come in here with intelligent and cogent thoughts? This is a tinfoil hat only thread. Lol.
People who have no idea how the pharma industry works and read media click bait are the worst. I've done some legal work on 510(k) and medical devices, which forced me to learn about the industry as a whole.
Do people not realize is takes 10 years to get a drug to market, at a cost of about $100M per year. So, assuming a drug is brought to market, there is $1B that needs to be recouped. Nevermind the dozens of drugs that are abandoned after years of research costing several hundred million each time.
Kratom does not have any proven medical usage, and the opiode epidemic in this country likely brings extra scrutiny to this drug. It's also addictive.
Marijuana, on the other hand, certainly has medical usages and the argument about Schedule I for that has some legs.
Well now, I'm guessing you have insurance and this isn't ever a problem for you. But not everyone has access to a non high deductible plan. Many of our employers are pushing us into them little by little. Many insurers are taking drugs off of their formularies due to this type of increase. So careful how you phrase this. As if everyone had a choice all the time or could afford the PPO choice on the market.Show me the person who died due to lack of daraprim access.
The drug is literally 100% free to any uninsured person making less than $55,000/yr. (500% of the FPL)
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Show me the person who died due to a lack of epipen access in the U.S.
EpiPens are also free after discount from Mylan if you're on anything but a high deductible plan.
Drug price changes are largely driven by back end changes in negotiated insurance compensation rates to pharma companies. No individual consumer is ever meant to actually pay full retail price for a prescription drug.
If the largest government and public exchange insurance pools in the country all say 'hey we're only going to pay you 10% of the retail price instead of 30% of the retail price' on drug, then the retail price of the drug is going to be increased.
Don't want to pay a lot for drugs? Don't sign up for a high deductible high out of pocket plan if you have known health problems.
Mylan's biggest 'EpiPen' competitor had to recall their product after a mechanical issue, and still has several BILLION dollars in outstanding potential civil liability. You think they didn't take notice of that? They had a fiduciary responsibility to make effective business choices. In the face of increased liability, they absolutely have to defer that risk with higher prices, and that's responsible for the rest of the price increase in EpiPens.
Yeah but it's kinda funny how the other one on the market was taken off the market by the FDA, and then the big price hike... I thought monopolies and price gouging were illegal in this country?
It was recalled by the company after several people died because the full dose wasn't delivered because their product wasn't as reliable as EpiPens because they didn't want to get sued into oblivion.
Would you rather pay $200 for something that might save your life or $600 for something that will save your life.
If I've got a major allergy, I'll take the reliable option every time.
I get that but the price increase that followed? Legal yes shady yes definitely taking advantage of an opportunity to make more money off the people... Like I said they're sharks
I made other comments in your quote as well if you care to go look at them
The average negotiated cost of a set of 2 Epi-pens is $530.
The discount card available to every single individual insured can defer your out of pocket costs by $300 of that.
If your insurance covers exactly $0 of your EpiPen cost, you're looking at $230 out of pocket.
Not cheap, but not a crippling amount either.
Bro that's crazy.... 530$ for 2 epi pens? SMH how is the lower economic status supposed to pay for that? Who cares about them right, as long as I get mine. But the pharmacuetical industry is there to help people I forgot
Nobody is intended to pay $530.
There's a reason they give out a free $300 discount card to every single individual who needs one.
The drug price increases are almost entirely to:
-Offset whatever increased litigation risk their legal department calculated after the Auvi-Q recall
-As a part of negotiated price structuring with insurance pools
Mylan's overall net income is declining year over year.
Would you rather they not make a profit, and it not be worth selling EpiPens, and they be entirely unavailable to people who need them?
Your missing my point. Drug companies about that $$. Always have been always will and the gov sets the rules that they play by and you better believe they're getting theirs. You don't play by the gov rules you got problems. Hence the original point, big pharma don't like the idea of something cutting into their opiate sales that is natural and in plant form. You gotta see man, kratom isn't all that potent. It's no where near as potent as the Suboxone there pushing down people's throat and getting them addicted to and calling it "harm reduction".
At the end of the day it's now a scheduled 1 and I'm fine with it and the drug companies can breath. There is no kratom epidemic. If the government really wanted to do something they would put a stop to all the research chemical fentanyl and now elephant pain killer that is coming in and killing people because dealers are spiking heroin with it. There's your epidemic, not kratom.
That's already illegal and one of the DEAs top priorities...
It's not illegal, there is a loophole in the law where it being sold for "research purposes" with one or two changed molecules in the makeup. Substance are either banned, scheduled or patented. If they're not that specific compound they fall into a grey area. They're not "illegal" according to the anologue laws... Hence all the "designer drugs" that are hitting the streets
Fentanyl is one such drug that is being sold on the Internet as fentanyl acetyl. Slightly changed, same potent chemical
You also have to understand those loopholes are designed to benefit the pharmacuetical companies that's why they won't close them...
It is still very much illegal under the federal analogue act, and RC sites get hit with criminal charges all the time over it, because 'not for human consumption' doesn't hold up in court.
Also, want to tell me how a 'loophole' that lets people get away with selling illicit drug analogues for a while is somehow designed to benefit big pharma?
You're all over the map here.
You just said that it wasn't legal now your saying the loophole makes it legal to sell for a while. I think your all over the map.
Bro, you are really blind.... Majority of the life saving drugs that your talking about come with plethora of their own side effects. Let's take blood pressure medication for instance, just for one example. Or diabetic medication. These issues could better be controlled with diet and exercise than medication. But guess what, if we continue to feed you crap food you will continue to have health problems and continue to go to a doctor to get a magic pill to fix your problem... Can you see the cycle there? If you can't see the tangled web we are in your lost. Our medical system sucks in America, if you even try and dispute that it's laughable. Our country is 5% of the world population and we consume 75% of the worlds prescription drugs. Like I said buddy wake up, the pharmaceutical companies are businesses that make billions. The millions you proclaim they cost to "start up" are a drop in the bucket. There is no reason an epi pen shot should cost hundreds of dollars. If the FDA really was what your saying they would never allow that to happen.
You guys think your so smart... Having eyes they cannot see and ears they cannot hear. Do you really really believe the pharmacy industry is good? Some medicine yes, but these are businesses and those who sit at the top are sharks. They care more about dollar signs than people. I have seen far more than you think my friend. You have no idea who I am where I've been and what I've seen, not that it matters as you can be anything you want on the Internet. Even a self described expert about our pharmaceutical industry and their "good deeds" and non for profit work of the saints
Nobody is intended to pay $530.
There's a reason they give out a free $300 discount card to every single individual who needs one.
The drug price increases are almost entirely to:
-Offset whatever increased litigation risk their legal department calculated after the Auvi-Q recall
-As a part of negotiated price structuring with insurance pools
Mylan's overall net income is declining year over year.
Would you rather they not make a profit, and it not be worth selling EpiPens, and they be entirely unavailable to people who need them?
5 or so years ago when they first came out with the EpiPens in retail stores, they were like $50 if I remember correctly. They were really cheap. The reason behind the insane price hike is the fact that people now know that they can and will save your life. So once they realized most households would buy them, they upped the price. Which is bull****.
Simple, ****ed economics. Its the same thing that douchebag tried to do with the AID's medication a few years ago.
You can buy a generic pair of EpiPens (Amedra Pharma Adrenaclick) already for $144.62 via manufacturer's discount.
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Name brand drugs will always be expensive. Mylan itself is a huge seller of generics, and their profits on things like epipens enable them to sell generics at near loss-leader level pricing.
Actually, you didn't read the whole story about that one.
Daraprim is available for exactly $0 to patients with income under 500% of the FPL.
The increase in Daraprim pricing was to accelerate their pipleine of new toxoplasmosis drugs. Turing allocates roughly ~70% of its gross revenue back into research.
They have three different DHFR inhibitors in their pipeline that require significant further human trials before they can come to market. These drugs would be the first new toxoplasmosis drugs in decades if they actually make it to market.
They're also the only pharmaceutical company in the entire world with a promising preclinical aminocyclase deficiency treatment for Canavan disease, a rare neurological disorder that is incurable and invariably fatal.
They also have a drug in the pipeline to treat Lafora Disease, yet another invariably fatal neurological disease with no treatment.
Turing pharmaceuticals lost $30 million dollars in 2015. That's not sustainable and they aren't getting rich. None of their research can continue to be funded if they don't find ways to get revenue out of existing drugs.
So do you want new drugs for toxoplasmosis and multiple neurological disease that have no treatment and no cure, or do you want dirt cheap daraprim. You don't get both. That's not how the world works.
You can buy a generic pair of EpiPens (Amedra Pharma Adrenaclick) already for $144.62 via manufacturer's discount.
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Name brand drugs will always be expensive. Mylan itself is a huge seller of generics, and their profits on things like epipens enable them to sell generics at near loss-leader level pricing.
Actually, you didn't read the whole story about that one.
Daraprim is available for exactly $0 to patients with income under 500% of the FPL.
The increase in Daraprim pricing was to accelerate their pipleine of new toxoplasmosis drugs. Turing allocates roughly ~70% of its gross revenue back into research.
They have three different DHFR inhibitors in their pipeline that require significant further human trials before they can come to market. These drugs would be the first new toxoplasmosis drugs in decades if they actually make it to market.
They're also the only pharmaceutical company in the entire world with a promising preclinical aminocyclase deficiency treatment for Canavan disease, a rare neurological disorder that is incurable and invariably fatal.
They also have a drug in the pipeline to treat Lafora Disease, yet another invariably fatal neurological disease with no treatment.
Turing pharmaceuticals lost $30 million dollars in 2015. That's not sustainable and they aren't getting rich. None of their research can continue to be funded if they don't find ways to get revenue out of existing drugs.
So do you want new drugs for toxoplasmosis and multiple neurological disease that have no treatment and no cure, or do you want dirt cheap daraprim. You don't get both. That's not how the world works.
This is important - the CEO got shafted because he was also a douche about it, but the media also didn't show the "whys" of the price hike, just the negatives. This si why it is important to understand BOTH sides of the argument before getting emotional about it - emotion trumps logic, especially when you are already skeptical of the pharma industry. You will jump on the "I hate Turing bandwagon" before even considering why they did it.
This argument is weak and you know it. A Doc cannot persuade a patient to exercise or alter their nutrition, and these people usually know that both will help. But guess what? The vast majority of humans do not care for either like we do. Convenience and comfort trump that 90% of the time. Many of us will spend tens of thousands improving the living spaces of our houses because we spend so much time there - newer and bigger TVs, better gaming systems, sound systems etc. but even getting outside for a 10 minute task - something that takes us away from those spaces of comfort - is a huge battle for the average/ typical human in the 1st world.
Once you have diabetes, you cannot get 'rid' of it. You can better manage it through better eating and nutrition, but once you have it, medication is also a tool we use to manage people who have it. Some people will literally rely on meds because they refuse to change dietary behaviours, or lack to the will power to change. The medication literally saves their life.
Where have you been and what have you seen that makes you think you *know* more than some of us here on the boards? A bit of an elitist attitude. Do you know who De__eB is or what he has seen? Kind of a funny statement to make.