Drug company CEO calls 400 percent price hike 'moral requirement'

[Uncle Joe]

The CEO of a pharmaceutical company is facing criticism for describing a 400 percent price increase of an antibiotic as a "moral requirement."

Nostrum Laboratories, based in Missouri, raised the price of nitrofurantoin last month from $474.74 a bottle to $2,393, according to the Financial Times newspaper. The drug treats urinary tract and bladder infections.

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“I think it is a moral requirement to make money when you can?...?to sell the product for the highest price," he said.

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Mulye also defended Martin Shkreli, the disgraced pharma CEO who faced national criticism, including outcries from members of Congress, after he increased the price of a life-saving drug by 5,000 percent.

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http://thehill.com/policy/healthcare/406103-ceo-of-drug-company-calls-400-percent-price-increase-moral-requirement

The Ferengi Rules of Acquisition

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13. Anything worth doing is worth doing for money

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20. When the customer is sweating, turn up the heat

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23. Never take the last coin, but be sure to get the rest

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28. Morality is always defined by those in power

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55. Always sell at the highest possible profit

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67. Enough is never enough

68. Compassion is no substitute for a profit

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74. A Ferengi without profit is no Ferengi at all

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79. Benefit from the Vulcan greed for knowledge

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82. A smart customer is not a good customer

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98. Profit is the better part of valor

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115. Greed is eternal

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131. If it gets you profit, sell your own mother

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152. Ask not what your profits can do for you; ask what you can do for your profits

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191. Let other keep their reputation. You keep their money

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198. Employees are the rungs on your ladder to success - don't hesitate to step on them

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242. More is good, all is better

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261. A wealthy man can afford everything except a conscience

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https://projectsanctuary.com/the_complete_ferengi_rules_of_acquisition.htm

[TwistOneUp]

1. Maybe...

The CEO is Ayn Rand in boy drag (aka, "drab" ). Certainly is amoral enough.

[BeckyDem]

2. We the people is meaningless to people like him. Unless controlled by government they'll

Last edited Wed Sep 12, 2018, 12:54 PM - Edit history (1)

be the end of us. What a disgraceful human being.