Skip to main content

Martin Shkreli (aka PalliBro) buys Palliative Care



by: Eric Widera (@ewidera) and Alex Smith (@AlexSmithMD)

In other merger and acquisition news today, palliative care was bought today by former hedge fund manager and current pharmaceutical executive Martin Shkreli (previously known as PharmaBro, now penned PalliBro).

Apparently Mr. Shkreli got the idea for the acquisition from Dr. Atul Gawande.  In his AAHPM/HPNA annual assembly plenary, Dr. Gawande noted that, "Palliative care has amazing outcomes.  If palliative care were a drug owned by the pharmaceutical industry, they would be mass marketing it and making billions."

Sources close to Shkreli state that he carefully pondered how much it could raise the price of this decades old intervention before buying it today. Overnight, the price per dose of palliative care increased by 525 percent, and there are further plans to increase the dose to what the market can bear.

Mr. Shkreli practically gloated about the potential profits in an email he sent out this morning:

“So 5,000 paying bottles of palliative care at the new price is $375,000,000 — almost all of it is profit and I think we will get three years of that or more. This should be a very handsome investment for all of us. Let’s all cross our fingers that the estimates are accurate.”

The pharmaceutical company behind Shkreli’ acquisition released a press statement to reply to potentional concerns of price gauging, stating “we set the drug price to balance patient access to our existing drugs with investment in research and value generation for our shareholders.”

Comments

This is morally wrong and corrupt. I'm extremely disappointed. It is a shame we in this country allow such greed at the expense of people who are not rich.
Thank you for this news and all the past excellent blogs. I expect the quality of your Geriatrics and Pallative News Blog to change and become worthless because I don't think they (PalliMed) will keep you guys on their payroll or will force you guys to change what you write.
Anonymous said…
This sounds like an April Fool post - how does one bottle Palliative Care?
Anonymous said…
Its an april fools joke. Hilarious haha
The Liz Army said…
Just reading this on April 4... You definitely had me at the first few lines. Thanks for the joke!

Popular posts from this blog

The Future of Palliative Care: A Podcast with Diane Meier

There are few names more closely associated with palliative care than Diane Meier.  She is an international leader of palliative care, a MacArthur "genius" awardee, and amongst many other leadership roles, the CEO of the Center to Advance Palliative Care (CAPC).  We were lucky enough to snag Diane for our podcast to talk about everything we always wanted to ask her, including:
What keeps her up at night?Does palliative care need a national strategy and if so why and what would it look like?The history of CAPC and the leadership centersAdvice that she has for graduating fellows who want to continue to move palliative care forward as they start their new careersWhat she imagines palliative care will look like in 10 or 15 years?What is the biggest threat facing palliative care? So take a listen and if you want to dive a little deeper, here are two articles that we discussed during the podcast:
A National Strategy For Palliative Care. Health Affairs 2017Palliative Care Leadership…

Advance Care Planning before Major Surgery: A Podcast with Vicky Tang

This week's podcast is all about the intersection of geriatrics, palliative care, advanced care planning and surgery with our guest Dr. Vicky Tang.  Vicky is an assistant professor and researcher here at UCSF.  We talk about her local and national efforts focused on this intersection, including:
Her JAMA Surgery article that showed 3 out of 4 older adults undergoing high risk surgery had no advance care planning (ACP) documentation. Prehab clinics and how ACP fits into these clinicsThe Geriatric Surgery Verification Quality Improvement Program whose goal is to set the standards for geriatric surgical care including ACP discussions prior to surgeryHow frailty fits in and how to assess it (including this paper from JAGS on the value of the chair raise test) So take a listen and check out some of those links.  For those who want to take a deeper dive into how GeriPal and surgery fit together, check out these other podcasts: Zara Cooper on Trauma Surgery, Geriatrics, and Palliative Car…

Elderhood: Podcast with Louise Aronson

In this week's podcast we talk with Louise Aronson MD, MFA, Professor of Geriatrics at UCSF about her new book Elderhood, available for purchase now for delivery on the release date June 11th.

We are one of the first to interview Louise, as she has interviews scheduled with other lesser media outlets to follow (CBS This Morning and Fresh Air with Terry...somebody).

This book is tremendously rich, covering a history of aging/geriatrics, Louise's own journey as a geriatrician facing burnout, aging and death of family of Louise's members, insightful stories of patients, and more.

We focus therefore on the 3 main things we think our listeners and readers will be interested in.

First - why the word "Elder" and "Elderhood" when JAGS/AGS and others recently decided that the preferred terminology was "older adult"?

Second - Robert Butler coined the term ageism in 1969 - where do we see ageism in contemporary writing/thinking?  We focus on Louise's…