Tag "Shkreli"

Big Pharma’s ‘skyrocketing’ drug prices called ‘immoral’

Big Pharma’s ‘skyrocketing’ drug prices called ‘immoral’ (0)

Staggering hikes — in some cases higher than 5000%— in prices of prescription drugs threaten the health and economic stability of Americans who can't afford vital medicines, a congressional report warned Wednesday.
Disgraced Ex-Pharma CEO Martin Shereki Injects Himself Into Epipen PR Meltdown

Disgraced Ex-Pharma CEO Martin Shereki Injects Himself Into Epipen PR Meltdown (0)

Shkreli — who famously insulted members of Congress earlier this year but refused to testify officially over his own decision to increase the price of a life-saving pill — is now hopping at the chance to defend generic drug manufacturer Mylan. He may even have opened the door to testify before the House Committee on Oversight and Government Reform, where he previously cited his Fifth Amendment's right to avoid incriminating himself. "Any chance i can come through this time and actually testify?" he tweeted Thursday in a post directed at the committee's Democrats. All of this now paves an unlikely new friendship between Shkreli and Mylan CEO Heather Bresch. Heather Bresch created about $15 billion in value for Mylan in the seven years since she stepped up as president of the company. A big part of that value add came from her talent for repackaging off-the-shelf drugs into bona fide blockbusters.
Martin Shkreli Is Not The Only Reason Drug Prices Are Astronomical

Martin Shkreli Is Not The Only Reason Drug Prices Are Astronomical (0)

No matter where you turn these days, you cannot avoid Martin Shkreli. He is the man who achieved infamy by cornering the market on a drug used to fight protozoal infections in people with AIDS and people with malaria. That drug used to cost $13.50 a pill. By the time Shkreli was done with it, he had jacked up the price over 50-fold to $750 a pill.