Sanders tweet causes drug company to lose $400M in a day

[Equinox Moon]

Sanders told his 2.6 million followers that Ariad Pharmaceuticals Inc. had raised the price of its leukemia drug “to almost $199,000 a year.”

“Drug corporations’ greed is unbelievable,” Sanders tweeted.

Shortly after the tweet, Ariad’s stock lost 15 percent of its value — or $387 million dollars — its biggest intraday decline in over a year, according to Bloomberg.

http://thehill.com/blogs/blog-briefing-room/news/301128-sanders-tweet-causes-drug-company-to-lose-400m-in-a-day


~~~Now that is some POWER! You go Bernie! ~~~

[PoindexterOglethorpe]

1. Well, that's nice. But have they lowered the price of the drug?

[alfredo]

24. They will raise their prices to cover their losses.

[liberal N proud]

26. Exactly my thought

[alfredo]

28. Sociopaths

[ehrnst]

47. Yes, they will pass that right along to the the consumer - not the shareholders.

[napi21]

2. If that's the case, Bernnie should go after ALL the grossly overpriced drugs.

Bernie, get them fingers going! You probably didn't realize just how much power you have!

[Glassunion]

3. The internet pen is truly mightier than the sword

[SamKnause]

4. I love Bernie.

[SammyWinstonJack]

8. Bernie. Simply the best Ever!

[Delmette]

5. That's my guy.

Now, go after the rest of them.

[Marie Marie]

6. Go Bernie !!

[ancianita]

7. Now that's power. Can't wait for his return to a Democratic Senate.

[sarge43]

9. Feel the Bern, heartless thieves. n/t

[Snarkoleptic]

10. Just wait see what happens when he wields the power of Senate Majority Leader.

There will be an unwinding of the control the corporatocracy has over our government and, by extension, our day to day lives.

[MineralMan]

11. How is that going to happen?

As a Senator he is an independent. How will he become Majority Leader do you suppose?

[ananda]

13. We can dream, can't we?

..

[MineralMan]

15. Idle dreams pass no laws, I'm afraid.

Governance is about reality, not dreams. Sorry.

[Snarkoleptic]

16. Stole the words right out of my mouth.

At the very least, his political power will be drastically increased.

[Jim Beard]

37. He will be chairman of an important committee, can't remember

which one.

[ehrnst]

49. You can dream that the Senate will go majority Independent

But I think you will be disappointed.

[Snarkoleptic]

18. I believe Dick Durbin will be SML and I'm pleased with that as he's from Illinois, where I'm from.

I've heard that Paul Ryan is irriated that it seems likely Bernie will head up the Senate Finance Committee.
I have high hopes of Elizabeth Warren as well. Time will tell.

[Feeling the Bern]

39. Probably him or Chuck Schumer

[MagickMuffin]

30. Has he renounced his democratic party affiliation?

I haven't heard one way or the other. Do you have proof he is still an independent?

[ehrnst]

50. He has stated that he serves in the Senate as an Independent because he was elected as such.

Jim Jeffords changed his affiliation to Independent for the remainder of his Senate term and that made huge news.

Not hearing any news of Bernie changing his affiliation for his Senate term.

[ehrnst]

48. Yes, I asked about that, and I am told that Bernie is still a registered Democrat

but serves in the Senate as an Independent....

Still have no idea how he's ever going to be Majority Leader.

[Glamrock]

29. That would be awesome

but it won't happen. He's an independent.

[zentrum]

12. K&R+++++

[TonyPDX]

14. I hope this is only the beginning of their decline.

Thieves.

[Raine]

17. I Love Bernie, he was my guy!

[dae]

22. and mine.

[Raine]

42. :-)

[womanofthehills]

66. I love that he is speaking out against the DAPL and Monsanto (Bayer or whatever now)

I love Bernie too!!!

[forest444]

19. Just what until that whole racket is nationalized.

They ain't seen nothing yet, the degenerates.

[lonestarnot]

20. Feel the Bern you fuckers!

[dae]

23. +1

[mountain grammy]

21. Bernie has friends who own stock.

good for them. Hope the CEO and others at the top take a hit.

[klook]

25. Bernie has friends who own stock in this company?

I didn't see that mentioned in the article. If that's the case, this is even bolder than I originally thought.

Or do you mean that Bernie has friends who own stock in general? (Not just this company.)

[mountain grammy]

27. Seems his tweet triggered a sale. That's all.

[klook]

31. Whoa!

Do I understand correctly that you're accusing Bernie Sanders of aiding and abetting insider trading?

If that's not your assertion, I apologize. If it is, you might want to provide a source, a link, or any sort of credible backing for that claim.

[mountain grammy]

34. I was kidding.. lighten up.

[klook]

35. Okay... (nt)

[mountain grammy]

33. So sorry if I offended you.

is it not possible for you to just ignore it? But whatever makes you smile.

[Jim Beard]

38. Seems we need to pass out Chill Pills

[mountain grammy]

52. Yeah, no shit.

[riderinthestorm]

36. Love this! Thanks! nt

[Equinox Moon]

54. Indeed, it is sweet justice!

We will take it wherever it comes.

[Feeling the Bern]

40. That's why I feel, have felt and will continue to support the Bern!

Feel the Bern!

[stopwastingmymoney]

41. To be accurate 'the company' didn't lose anything

Its' shareholders lost 400m in value, which will probably be back within a few months, or less

[Vinca]

44. Ariad feeling the Bern. LOL. Go Bernie!

[Gary 50]

45. I still love Bernie but his tweet cost me $11,000.

Ariad has one approved drug, Iclusig. It's a cancer drug with a very small target patient population. It is the second or third line of defense when other drugs fail. The company is losing money. The cost of developing new drugs is unbelievably expensive. Ariad was a bad example for price gouging even though 200,000 sounds outrageous. I also own Valeant pharmaceuticals. They bought a drug from another company and raised the price from 995 to 27,000 for treatment. He should have named Valeant. HIs point that the top drug companies make billions and pay their chief executives tens of millions a year is valid. His example of Ariad as a bad actor is wrong. Did I mention that I still love Bernie? Eleven thousand dollars is a crushing loss for me. Feeling the burn from Bernie.

[woolldog]

46. Ouch. Sorry for your loss.

[George II]

53. How do we know that it was Sanders' tweet (which the article says wasn't from him anyway)....

...that caused it?

The price had already dropped more than 7% during the week.

[retrowire]

55. they felt that Bern! nt

[YOHABLO]

57. Where did the development of this leukemia drug originate, I wonder.

It's time to take the greed out of saving people's lives.

[Initech]

58. Good! Fuck these pharmaceutical CEO robber barons!

[TryLogic]

60. If drug companies were run by crime families, would we notice any difference?

I doubt it.

[Equinox Moon]

61. Drug companies need to be NON-PROFIT

[Jopin Klobe]

62. Here's what the ghouls from Ariad said ...

... "pricing based on a range of factors, including efforts to make sure that pricing appropriately reflects the benefit the therapy delivers to patients and to the health care system." ...

... what an entertaining scene ...

... dancing on tip-toe, trying to reach the medicine ...

... while you're dying of leukemia ...

... let's all hear it for CRAPitalism ...

[Equinox Moon]

63. This calls for a Senate hearing

[packman]

64. Who can afford this?

Yes, I know - the truly , truly rich. But does that mean, in one former Congressman's words, "Hurry up and die"? What a thing to do to present this to a family whose child may be dying of leukemia.

[Peaches999]

67. His goal is NOT to manipulate the market

I know you're not accusing him of this, but his goal only is to make sure drugs continue to stay affordable. Call me paranoid, but I would not put it past the right to accuse Bernie and other senators of market manipulation, especially in the next Congress.