Bad boy Martin Shkreli. You know him, you love him, you hate him, a lot of you probably envy him a bit. Well as much as he claims to hate being in the news, he’s in it again!
Shkreli, the former CEO of both Turing Pharmaceuticals and KaloBios Pharmaceuticals was arrested for securities fraud back in December for using a public company’s assets to cover his personal debts. You know..ponzi scheme style stuff.
If you don’t remember..for some unknown reason..Martin first gained attention for raises the price of one of his drugs an astronomical amount in little time.
Martin was sent a subpoena to appear in front of a Senate panel to discuss drug prices..he himself posted about it on Twitter…
Shkreli is refusing to comply with the subpoena however and highly unlike that he will bother appearing whatsoever.
However, Valeant CEO Howard Schiller plans to appear before the committee. His company is under fire for buying competitors’ drugs and raising its prices.. cause capitalism.
Valeant was trading up 1.20% in todays trading session. $VRX
For shits and giggles here is $KBIOQ ….
Typical story of someone bragging about their fake KBIO profits here..
What will Martin do next..who the hell knows.
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