[grundle]

This is a great real world example of how the free market is supposed to work - both with the new competitor entering into the market and selling the pill for one dollar, and with Shkreli losing the $55 million that he spent just two months ago.

[AnAmericanAbroad]

The invisible hand just flipped Shkreli the bird.

[a fool in paradise]

Yet songs that were written 100 years ago are still making money for Time-Lies-Warner-Turner.

“Happy birthday toooooo youuuuuuuu”

[Tax-chick]

Very interesting. Looks like Shkreli gambled and lost. Maybe he thought insurance companies would just pay whatever he charged.

[Gunslingr3]

This is a great real world example of how the free market is supposed to work

In an actual free market no government would confer upon Shkreli a monopoly for a chemical compound, and thus he could not charge his monopoly price.

[norwaypinesavage]

"Imprimis Pharmaceuticals says it can make a close, customized version of the drug for $1 a pill."

The issue with drug costs is NEVER the cost of producing the drug. Virtually all drugs have production costs near zero.

The cost of selling drugs is determined by the cost of government approvals required in order to sell the drugs. It takes years of testing and billions of dollars to get the approval. In the mean time, Shkreli is the sole supplier.