Link to this page: https://www.socialistparty.org.uk/issue/872/21500
From The Socialist newspaper, 30 September 2015
Gouging boss demands 5,000% price hike for life-saving drug
Michael Wrack, NHS healthcare assistant
Ordinary people were shocked and disgusted by a gouging capitalist's sudden 5,000% increase in the price of a life-saving drug last month.
'Daraprim' is used to treat the parasitic blood disease toxoplasmosis. Infection is life threatening for those with weakened immune systems.
This includes Aids patients, newborns and unborn children whose mothers are infected. Also cancer patients who have undergone chemotherapy, and people recovering from organ transplant.
Most of us would have nothing but empathy for people in such situations. But Martin Shkreli, chief executive of Turing Pharmaceuticals, seems only to care how he can profit from their misery.
His firm bought the rights to produce and distribute Daraprim. Shkreli then immediately raised the cost from $13.50 per pill - to $750.
Under any logical system this would be seen as the action of a sociopath. But under the rules of capitalism, Shkreli is a successful businessman!
Outrageously, he has said any drop in the new price will be paid for by cuts to research funding and jobs.
The past few years have seen steep rises in the cost of many drugs. This includes some used to treat tuberculosis, heart disease, and hepatitis C.
And Britain is no exception. 'Dasatinib', used to treat leukaemia, is sold to the NHS at 100 times as much as it costs to make.
The Socialist Party says: nationalise the profiteering drugs companies. Kick all privatisers out of the NHS. For a fully funded and integrated, publicly owned, free health service for all.
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In The Socialist 30 September 2015:
Socialist Party news and analysis
TUSC: Central in the battle for a working class anti-austerity voice
Socialism is back!
Free school meals cut as poor children go hungry
Pollution cheat Volkswagen kills thousands for profit
Gouging boss demands price hike for life-saving drug
Gravy-train Labour MP claims expenses to rent house next door
Tower block residents defend homes
Them & Us
Socialist Party features
How can we bring down the Tories?
Lessons from the past: Liverpool City Council 1983-87
Give us the resources to defeat the Tories
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International socialist news and analysis
EU ministers squabble while refugees drown
Hungary's xenophobic right-wing government
USA: Socialists breaking 'political stagnation'
Kazakhstan: workers solidarity action
Workplace news and analysis
Junior doctors fight government attacks
Nominate Roger Bannister for Unison general secretary
Hypocritical attacks on tube control room strike
Review: Kill the Bill
Workplace news in brief
Socialist Party reports and campaigns
Anger and protest against fire service cuts in Leicestershire
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