Martin Shkreli’s arrest generates the rush you get when a Corvette passes you on the freeway doing 100 mph, and then 10 miles down the road you pass the Corvette owner pulled over by a cop.
“Ah,” you say, “there is occasional justice in life!”
Read: Senators blast pharma executives for price hikes
Shkreli is the guy who runs the drug maker Turing.
He ordered the price of a specialty drug that fights cancer and HIV to be raised from $13.50 to $750 a pill this fall, setting off a firestorm of denunciations. To which he basically thumbed his nose by promising to lower the cost to a reasonable level, and then not doing it.
Among those to whom he gave the Bronx cheer was Hillary Clinton. Probably not a good idea, Marty.
The feds showed up at his house today, according to myriad news reports, and arrested him for securities fraud. Now, the guy who was branded “most hated man in America” for jacking up the price will need the dough for lawyers.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
