Martin Shkreli, the notorious “Pharma Bro” vilified for jacking up the price of a drug in a high profile price gouging scandal, was sentenced to seven years in prison today for defrauding investors in two failed hedge funds. Shkreli broke down in tears as he made a final plea and cried to U.S. District Judge Kiyo Matsumoto, … Continued
The “Pharma Bro” wasn’t smiling for long.
Martin Shkreli’s month-long trial has come to an end.
Australian schoolboys spend pennies to recreate a drug that costs $750 a tablet.
[DIGEST: New York Times, Huffington Post] Much-reviled pharma-CEO, Martin Shkreli, has been ousted from his position as chief executive of Turing Pharmaceuticals, according to the New York Times. A Turing spokesperson acknowledged Shkreli’s resignation following his arrest, after being charged with securities fraud and conspiracy. Turing is a privately-held company. Its current chairman, Mr. Ron … Continued
[Digest: Bloomberg; Daily News; Reuters] Widely despised pharmaceutical CEO Martin Shkreli, who earned his notoriety by artificially inflating the price of a life-saving AIDS medication by 5,000%, was arrested at his home in Manhattan on Thursday. 32-year-old Shkreli was taken into custody by the FBI early on Thursday morning for securities fraud. The charge is … Continued