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‘Wolf of Pharma Street’ holds unwelcome mirror to industry

Big pharma's poster boy Shkreli's arrest hasn't stopped the furor over high drug prices and how drug companies are changing the health care industry, often for the worse. Here's what you need to know.

By Doni Bloomfield, John Lauerman | Updated on December 21, 2015
Martin Shkreli, the former hedge fund manager under fire for buying a pharmaceutical company and ratcheting up the price of a life-saving drug, is escorted by law enforcement agents in New York after being taken into custody following a securities probe. Shkreli has resigned as the head of one of the companies he now runs, Turing Pharmaceuticals, on Friday, Dec. 18, 2015.(AP Photo/Craig Ruttle)

(Bloomberg) — Martin Shkreli, the pharmaceutical CEO arrested on securities fraud charges this week, may have made drug price increases notorious in the U.S.

But his strategy of finding an old drug, raising its price, and taking the profit is one that’s increasingly common among a new breed of drugmakers.

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