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Part 19: Martin Shkreli on Roaring Kitty "Hacking the Stock Market" with GameStop Stock
Part 1: Martin Shkreli on How Hedge Funds are Secret Way to Make Rich People Really Rich
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Martin Shkreli addressed the popular conspiracy theory that pharmaceutical companies withhold cures to profit from ongoing treatments. Shkreli dismissed the notion as implausible. He stressed that the process of developing medicine doesn’t allow for halfway measures; drugs are either effective or not. Shkreli also highlighted market competition, arguing that if one company withheld a cure, others would quickly release it to dominate the market. He cited hepatitis C as a case where a cure, requiring only a short course of pills, was successfully developed and profited from, countering the idea that pharmaceutical companies wouldn't capitalize on cures. Addressing the darker aspects of the pharma industry, Shkreli acknowledged flaws such as the opioid crisis but emphasized the overall positive impact of the industry, stressing the hard work and personal stakes of those involved in drug development.
