|Maybe Pharma Bro Martin Shkreli won't make as many|
ill-gotten dollars off his overpriced meds after a competitor
stepped in Friday with a much less expensive version.
1. Shkreli, known as "Pharma Bro" because he's a young arrogant boy, essentially, raised the price of a medication many AIDS patients need by 5,000 percent to $750 a pill, just because he wanted to make TONS of money, and who cares if a few people died for want of medication as a result.
2. The Internet lit up with outrage at Pharma Bro, who backtracked and promised to reduce the price of the medication somewhat. So far, he hasn't.
3. Phama Bro gave a campaign donation of $2,700 to Bernie Sanders because he wanted to meet with him. Bernie told him to go pound sand, and gave the donation to a health center that helps AIDS patients.
4. Pharma Bro was then hopping mad at Bernie, the outrage, the world, and told the world via social media that he broke his wrist in anger. That might have been fake.
Now on to the update:
On Friday, the drugmaker Imprimis Pharmaceuticals said it would make its own version of the AIDS medication, called Daraprim, available for just $1 a pill, even less expensive than before Pharma Bro got his hands on it.
So Pharma Bro's business model has been upended, and he won't get as rich as he thought, apparently.
Still, don't cry too hard for Shkreli the Pharma Bro. The altenative drug from Imprimis is not exactly the same as Daraprim, but it will do. Also, as Forbes notes, Imprimis is a "compounding" pharmaceutical company, which regulators don't trust.
Plus, as Forbes reminds us, there's always these business moves and sleights of hands that return these inexpensive drugs to other pharmaceutical companies, who again boost the prices for fun and profit.
But for now, we can dance on Pharma Bro's slightly smaller pile of ill-gotten money.