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Turing drug distribution probed by N.Y. after price hike

Turing Pharmaceuticals was warned by New Yorks attorney general that the distribution network for a rarely used cancer drug may violate antitrust laws.

By Christie Smythe, Caroline Chen | Updated on October 13, 2015
Carrying an image of Turing Pharmaceuticals CEO Martin Shkreli in a makeshift cat litter pan, AIDS activists and others protest highlighting pharmaceutical drug pricing. Turing Pharmaceuticals sparked an angry backlash last month after it raised the price of Daraprim, the only approved treatment for a rare, life-threatening parasitic infection, by more than 5,000 percent. (AP Photo/Craig Ruttle)

(Bloomberg) — Turing Pharmaceuticals was warned by New York’s attorney general that the distribution network for a rarely used cancer drug, whose 55-fold overnight price hike drew widespread criticism, may violate antitrust laws.

State officials made their concerns known to Turing and Chief Executive Officer Martin Shkreli in an Oct. 12 letter obtained by Bloomberg.

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