The smirking, villainous pharma-hedge-douche-bro Martin Shkreli (previously) bought the rights to the anti-parasitic drug Daraprim -- used to treat malaria, a disease that disproportionately affects the poorest people in the world -- and jacked the price from $13.50/dose to $750/dose.
A group of schoolchildren in Sydney set out to synthesize the active agent in Daraprim, and found they could make it using classroom equipment for $2/dose.
Shkreli discounted this achievement on Twitter, saying that making small amounts of a drug was cheaper than making large amounts (suggesting that he doesn't understand economies of scale) and that synthesizing molecules in a classroom wasn't innovative (presumably, adding a couple zeroes to a price-tag is the real source of medical innovation).
Under the guidance of Dr Alice Williamson at the University of Sydney, some year 11 Sydney Grammar students made the drug for about $2 a dose.
In explaining his motivation during the Sydney Grammar school project, student James Wood said: "I don't believe his justification for the price hike." James, 17, said he thought this seemed "a bit wishy-washy".
"He was clearly trying to justify something driven by the profit motive," James said.
Martin Shkreli responds after Sydney Grammar boys make Daraprim
[Marcus Strom/Sydney Morning Herald]
(via Naked Capitalism)
Miles Taylor as chief of staff to DHS undersecretary Kirstjen Nielsen, publicly defending his boss's implementation of the #MuslimBan ethnic cleansing policy and helping to implement the family separation #KidsInCages policy.
At the height of the #MeToo movement, giant management consulting firm Ersnt and Young (AKA "EY") sent a group of women to Power-Presence-Purpose, a "leadership and empowerment" workshop led by Marsha Clark, who advised them that "Women’s brains absorb information like pancakes soak up syrup so it’s hard for them to focus" and "Men’s brains […]
Nest is a home automation company that Google bought in 2014, turned into an independent unit of Alphabet, then re-merged with Google again in 2018 (demonstrating that the "whole independent companies under Alphabet" thing was just a flag of convenience for tax purposes); the company has always focused on "ease of use" over security and […]
Most people don’t spare a lot of thought on the potting for their plants. Perhaps something with a color that matches the walls, but that’s as far as it goes. After all, the plants don’t care what they’re wearing. Do they? Actually, they might. As eye-catching as the AIRSAI Floating Bonsai Plant Pot is, its […]
With the gains real estate has made over stocks in the past 25 years, it’s easy to see why the rich constantly use it to expand their wealth. What’s slightly less obvious is why only the rich seem to ever break into real estate investment. There are a lot of reasons, but a couple of […]
If you’re a coder, there’s a multitude of avenues for you to take your skills. Whether you’re just jumping into the world of programming or looking to rise up the ranks as an established professional, a wide base of knowledge is key. And this Premium 2020 Learn to Code Certification Bundle is a resource that’s […]