John G. Yakim

Compounding Pharmacist; Proud Pittsburgher & Proud Father; Loving Husband

[John G. Yakim @johnyakim]

@HeathVeuleman What word do you suggest to use, if not “team”? I agree with the family and friends comment.

[John G. Yakim @johnyakim]

@trad_west_ You are close. The most famous play in football is “The Immaculate Reception”. And if you read the back story, Franco’s mother was praying to our lady at the time.

[John G. Yakim @johnyakim]

@elonmusknews30 👍🐝

[John G. Yakim @johnyakim]

@nut_history Donnie Shell

[John G. Yakim @johnyakim]

@colin_dunlap That might be a fun right to know request. Request “all documents sent by or received by AC Executive or her minions with Nippon Steel or USS”

[John G. Yakim @johnyakim]

@RonaldReagan Wasn’t Dolan heavily involved with the Vatican and St Pope JPII?

[John G. Yakim @johnyakim]

@LemonLymancom Her best line was not her line, it was when the President introduced her as the new Chief of Staff. I’m not smart enough to post the clip.

[John G. Yakim @johnyakim]

@Deeksha_a94 @usaunivhospital Congratulations Doctor. Our paths crossed at UPMC McK. Good luck!

[John G. Yakim @johnyakim]

@colin_dunlap This is Monroeville’s proposed tax rate. Currently it is at 4mils. Proposal is a 50% increase. This would be Monroeville’s 5th tax increase since 2012.

[John G. Yakim @johnyakim]

@RyanDeto So Monroeville tax payers will see there taxes raised by all 3 local taxing bodies this year.

[John G. Yakim @johnyakim]

@colin_dunlap An informed public can be such a pain in the ass.

[John G. Yakim @johnyakim]

@jsbhulme @Grantstomb @klaasm67 6

[John G. Yakim @johnyakim]

@colin_dunlap Why don’t the assessed value adjust when she purchased the home?

[John G. Yakim @johnyakim]

@ellegracerogers Two Cold War warriors who both understood the evil of communism.

[Robert Sterling @RobertMSterling]

Let’s say a scientist invents a product that costs $5 per unit to mass produce—just five bucks for the raw materials and the direct labor costs of manufacturing it.

What’s a fair price to charge? Should she be allowed to charge $10, for a 50% gross margin? What about charging $500, for a 99% gross margin?

On top of that, what if I told you the scientist expects to sell 1M units per year. Is it equitable that the scientist will generate nearly $500M of gross profit, off of just $5M in direct costs?

Sounds unfair, right? Why should she be allowed to gouge her customers that badly?! Why should we permit her to extract that much surplus value out of her employees? It sure sounds like exploitation!

Before you answer, though: What if I told you the inventor had first invested $1B of her own money to create the product? Would that change your answer, knowing that her gross profit (before overhead) is generating just a 50% return on her invested capital?

What if I also told you that, in addition to the $1B she invested on R&D for this product, she had also spent $1.5B on R&D for products that didn’t work, or which never received regulatory approval? Would your answer change, knowing that her overall return on total invested capital is now 20% at the most?

Lastly, what if I also told you the inventor could have taken her $2.5B and invested it in real estate, for a 15% ROIC? Would you change your answer, knowing that our brilliant inventor could have easily just taken her money, deployed it into passive opportunities, and sat on a beach, rather than investing her funds—in addition to her time and her talents—into a highly risky venture?

If you don’t understand these why these questions are relevant—if you don’t grasp the concept of ROIC, or why investor returns matter more than just product margins, or how dead-project costs factor into pricing for products that do make it to market, or how incentives affect capital-allocation decisions—you might want to put your phone down, log off Twitter, and never again offer such an uniformed opinion about prescription drug pricing.

[John G. Yakim @johnyakim]

@BCRittmeyer And your paper chooses to embarrass citizens who try to be informed.

[John G. Yakim @johnyakim]

@WendyHassonMD This has been happening in pharmacy for 30 plus years.

[John G. Yakim @johnyakim]

@LegallyJewish I have no idea why the focus is on media access. It is supposed to be about citizen access. The only way to hold government accountable is to ask questions.

[John G. Yakim @johnyakim]

@LegallyJewish Those assholes couldn’t find a single other example since 2018?

[John G. Yakim @johnyakim]

@Super70sSports I wonder how happy University of Chicago Medical and AT&T are to have their names so visible on the Sky uniforms?