Tag: Martin Shkreli

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  • Martin Shkreli

    Martin Shkreli’s letter to board: ‘$1 billion here we come’

    It turns out former Turing Pharmaceuticals CEO Martin Shkreli didn’t just want to turn a profit from the life-saving drug Daraprim — He wanted to turn it into a billion dollar seller. Following the acquisition of the drug he sent a letter to the chairman of the company’s board in which he wrote, “Very good… […]

  • Martin Shkreli

    Martin Shkreli clashes with lawmakers ahead of congressional hearing

    Former pharmaceutical executive Martin Shkreli went to war with congress on Thursday as lawmakers warned he could be prosecuted for contempt if he does not appear next week for a hearing about drug prices. One of Shkreli’s lawyers informed the US House Committee on Oversight and Government Reform of his intent not to answer questions […]

  • Martin Shkreli

    CEO Martin Shkreli fires his legal team in fraud case

    Former pharmaceuticals CEO and hedge fund manager Martin Shkreli has fired his legal counsel and plans to hire a new legal team to defend him against charges that he defrauded investors at his former hedge fund and a pharmaceutical company he headed. Defense lawyers from the law firm Arnold & Porter said in court papers filed […]

  • Martin Shkreli fired from KaloBios

    KaloBios Removes Martin Shkreli from CEO role

    Drugmaker KaloBios Pharmaceuticals has removed Martin Shkreli as CEO. The company said in a press release that he was terminated from the role on December 17, the same day he was arrested for alleged securities fraud.  Shkreli recently stepped down as the CEO of private drugmaker Turing Pharmaceuticals and also resigned from KaloBios’ board of directors. […]

  • Martin Shkreli Arrested

    Martin Shkreli says: I was arrested for hiking drug prices

    Martin Shkreli says the FBI arrested him at his home because he raised the price of a life-saving drug by more than 5,000%, not because he was involved in illegal schemes to defraud his own companies. In an interview Sunday afternoon with The Wall Street Journal, Shkreli insisted that federal prosecutors were only going after […]

  • Martin Shkreli fired from Turing

    Turing Pharmaceuticals replaces CEO Martin Shkreli

    Martin Shkreli has been replaced as the CEO at Turing Pharmaceuticals. After being arrested for securities fraud this week, he has stepped down from his post as chief executive officer, the company said in a release on Friday.  Shkreli was replaced by Turing Chairman Ron Tilles, who said in a statement that the company was committed […]

  • Martin Shkreli

    Martin Shkreli Could Face 20 Years In Jail

    Martin Shkreli ran his companies “like a Ponzi scheme” with a “trifecta of lies, deceit, and greed.” That is how federal law enforcement officials described the allegations unveiled Thursday and the pharmaceutical CEO was arrested at his home. . Shkreli has been under fire since his purchased a popular drug used in AIDS patients and […]

  • Martin Shkreli Arrested

    Controversial Pharma Boss Martin Shkreli Arrested For Securities Fraud

    Turing Pharmaceuticals chief Martin Shkreli was arrested in his Manhattan home Thursday for alleged securities fraud, following a federal investigation into his past dealings as a hedge fund manager. The charges are unrelated to the recent controversy over the 32-year-old Shkreli’s pricing practices at Turing, which included severely marking up the price of 62-year-old drug […]