3 ms·
Shkreli is a gaudy distraction, the same way Jordan Belfort was a gaudy distraction from much quieter fraud and mislabeled risk. You're absolutely right to foc
by Bartweiss 8y ago
Shkreli is a gaudy distraction, the same way Jordan Belfort was a gaudy distraction from much quieter fraud and mislabeled risk.
You're absolutely right to focus on insulin. In addition to the obvious relevance to diabetes pumps, it's the perfect example of how pricing isn't based on high costs of drug discovery or manufacturing. The basic market pattern people expect still holds: newer formulations cost more than older ones. It's just that the older formulations never get cheaper; contrary to all economic logic, their (constant-dollar) prices have risen over time. That doesn't bode well for any other step in the diabetes management process.