Martin Shkreli

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Hackers Take Over 'God' Shkreli's Twitter

He says his arrest was a 'real injustice'

(Newser) - America's most hated pharmaceutical exec had America's most hacked Twitter account on Sunday. "I am now a god," read one of the less vulgar posts from whomever took control of Martin Shkreli's account. Other posts promised to "donate hundreds of thousands to charities before...

Martin Shkreli Calls Fraud Charges 'Baseless'

He tweets he will 'prevail'

(Newser) - Pharmaceutical company executive and Internet villain Martin Shkreli says fraud allegations against him are "baseless and without merit." Shkreli tweeted Saturday: "I am confident I will prevail." The 32-year-old former hedge fund manager pleaded not guilty Thursday in Brooklyn federal court and was released on $5...

Pharma CEO Resigns
 Pharma CEO Resigns 
Dec 18, 2015 12:56 PM CST

Pharma CEO Resigns

Martin Shkreli leaves Turing, though he remains CEO of another firm

(Newser) - Corporate-speak at its best: "We wish to thank Martin for helping us build Turing Pharmaceuticals into the dynamic research focused company it is today, and wish him the best in his future endeavors." So reads a statement from Turing Pharmaceuticals Friday. Martin, of course, is Martin Shkreli , whose...

FBI: Sorry, We Didn't Seize Shkreli's Prized Album

Music fan makes epic attempt to get it through FOIA request

(Newser) - Infamous pharma CEO Martin Shkreli is out on $5 million bail after being arrested Thursday on charges of securities fraud, reports the AP , but the 32-year-old is looking at 20 years if he's convicted. (Still, he's "glad to be home." ) Some related reading:
  • An innovative
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The Oddest Martin Shkreli Story You'll Read Today

'I'm trying to dominate the rap industry'

(Newser) - Internet villain and recent arrestee Martin Shkreli apparently idolizes Bill Gates, plans to become a rap mogul, and threatens high-schoolers. The New York Times has the transcript of a bizarre conversation between the notorious pharmaceutical CEO and some teenage fans days before his arrest on fraud charges Thursday. The conversation...

FBI Busts Pharma Bad Boy on Fraud Charges

Martin Shkreli accused of using company stock to pay other debts

(Newser) - Martin Shkreli may have to dump some of his recent musical acquisitions to pay his own legal fees: The 32-year-old pharmaceutical pariah who unapologetically jacked the price of a life-saving drug was arrested by the FBI Thursday on charges of federal securities fraud, Reuters reports. Shkreli is accused of pilfering...

Martin Shkreli Is Jacking Up Drug Prices Again

'Pretty devastating'

(Newser) - Stop us if you've heard this one before: Internet villain Martin Shkreli's company just bought the rights to a drug that's been used to treat a serious infectious disease since the 1970s and is planning to drastically jack up the price. Reuters reports Shkreli's new company,...

You Won’t Like Who Paid $2M for 'Rarest Album Ever'

It's the pharma CEO we all love to hate, Martin Shkreli

(Newser) - A mysterious buyer purchased the so-called " rarest album ever created " for a sum reportedly in the millions. Now, Bloomberg Businessweek reveals exactly who bought Wu-Tang Clan's Once Upon a Time in Shaolin, of which just one copy exists: Martin Shkreli, the "price-gouging" Turing Pharmaceuticals CEO the...

Notorious Drug CEO Wishes He Raised Price Even Higher

'This is a capitalist society,' says Martin Shkreli

(Newser) - Ah, hindsight. If he could do it all over again, what would Martin Shkreli—the CEO vilified for raising the price of a drug 5,000%—do differently? "I probably would have raised prices higher, is probably what I should have done," he said in response to a...

Notorious Drug CEO Making Enemies in Stock Market

Martin Shkreli accused of 'rampant share price manipulation'

(Newser) - The drug company CEO that everyone loves to hate is back in the news again for making enemies. This time, however, Martin Shkreli is not accused of jacking up the price of a drug. Instead, critics says he's engaged in market manipulation in the biotech industry. Or as Forbes...

Drug CEO and Internet Villain Is at It Again

Company goes back on promise to lower drug price after jacking it 5,000%

(Newser) - Former-hedge-fund-manager-turned-Internet-villain Martin Shkreli and his company, Turing Pharmaceuticals, are back in the news this week, months after raising the price of a 62-year-old drug by 5,000% and then promising to maybe not actually do that , Ars Technica reports. But it turns out Turing won't be lowering the cost...

Reviled Pharma CEO Holds Epic AMA on Reddit

Martin Shkreli says recent brouhaha over his price gouging is good for his love life

(Newser) - Perhaps trying to win back customers who are likely defecting to his new competitor , Martin Shkreli took to Reddit in an epic "Ask Me Anything" session that lasted from Saturday evening well into Sunday (with breaks), per his Twitter feed . In what TechCrunch calls "one of the most...

Infamous $750 Pill Is Undercut by $1 Alternative

Imprimis Pharmaceuticals is going after market for Shkreli's toxoplasmosis drug

(Newser) - Martin Shkreli has been hemming and hawing about dropping the price of his company's toxoplasmosis drug since he raised it 5,000% in August, but it may be a moot point: A San Diego drug compounding company is now offering its own version of pyrimethamine for $1 a pill,...

'Price-Gouging' Drug CEO Not Happy With Bernie Sanders

Presidential candidate rejected Martin Shkreli's donation

(Newser) - Martin Shkreli, possibly America's most-hated drug CEO, is "SO ANGRY AT @BernieSanders I COULD PUNCH A WALL!!!!!!!!!!!!!!!!!!!!!!!1." That's what Shkreli, CEO of Turing Pharmaceuticals, tweeted Sunday night after Bernie Sanders rejected a $2,700 donation from Shkreli . Though Shkreli may have been kidding about that...

Sanders Rejects Donation From Price-Hiking Drug CEO

Campaign turns down $2.7K from Martin Shkreli

(Newser) - The nation's most notorious drug CEO tried to give Bernie Sanders a $2,700 campaign donation—but Sanders is giving it to a clinic instead, reports the Boston Globe . Martin Shkreli, whose Turing Pharmaceuticals made headlines for raising the price of a drug 5,000%, gave the Sanders campaign...

Why CEO Hasn't Cut Drug's 5K% Price Hike

Turing chief Martin Shkreli says it will be a 'long' process to figure out demand

(Newser) - As of a week ago , pharmaceuticals purveyor Martin Shkreli hadn't kept his promise to lower the cost of a toxoplasmosis drug after outcry over its 5,000% price hike over the summer. Nothing much has changed since—except now the Turing Pharmaceuticals CEO is explaining why Daraprim is still...

Pharma Company Still Hasn't Reversed 5,000% Price Hike

Even though Martin Shkreli said they would backtrack

(Newser) - Two weeks ago, Martin Shkreli, the controversial CEO of Turing Pharmaceuticals, said that, following much public pressure, he would dial back his company's 5,000% price hike on a toxoplasmosis drug. But Daraprim, which jumped from $13.50 to $750 per pill, still costs the same amount, Business Insider...

Punk Label Boots Drug CEO Over Un-Punk Price Gouging

'It blindsided and upset us on every level'

(Newser) - Former hedge-fund manager Martin Shkreli has been booted from the punk label he was bankrolling for doing one of the most un-punk things possible: jacking up the price of the drug that treats the potentially deadly parasitic infection toxoplasmosis by 5,000%, the Guardian reports. Shkreli became infamous this week...

We Should Be Thanking Price-Gouging Drug CEO
We Should Be Thanking
Price-Gouging Drug CEO
OPINION
Sep 23, 2015 1:00 PM CDT

We Should Be Thanking Price-Gouging Drug CEO

Vox writer explains why Martin Shkreli is an 'American hero'

(Newser) - If Martin Shkreli is not the most vilified man in American right now, he's in the conversation. (Consider this headline at the Daily Beast : "Martin Shkreli Lowers Drug Price, Is Still an A--hole.") But at Vox , Dan Diamond makes the case that we should all be...

Stories 61 - 79 | << Prev