Arab Today, arab today exceo who jacked up drug price is subpoenaed by congress
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Ex-CEO who jacked up drug price is subpoenaed by Congress

Arab Today, arab today

Arab Today, arab today Ex-CEO who jacked up drug price is subpoenaed by Congress

Martin Shkreli (C)
Washington - AFP

Martin Shkreli, the controversial former pharmaceuticals boss and hedge fund manager indicted on securities fraud charges, has been subpoenaed to appear before Congress next week, committee officials said Wednesday.

Shkreli is due to testify Tuesday at a House Oversight and Government Reform Committee hearing on prescription drugs and drug pricing.

"A subpoena was issued to Mr. Shkreli," a committee aide told AFP.

Shkreli resigned as chief executive of Turing Pharmaceuticals last month, one day after his arrest on charges that he conducted a brazen fraud scheme in which he lied to investors, moved money between investments to cover losses and siphoned off cash for personal expenses.

A representative of the former CEO has said Shkreli expects to be cleared of all charges and fully vindicated.

Shkreli became a reviled figure in September when Turing acquired a decades-old, life-saving treatment used by malaria and HIV patients, Daraprim, and unapologetically jacked up the price by more than 5,000 percent overnight.

Howard Schiller, interim chief executive of Valeant Pharmaceuticals, which is also under scrutiny for its drug pricing practices, and Turing's chief commercial officer Nancy Retzlaff are also scheduled to testify.

Shkreli, 32, meanwhile seemed to be trolling members of Congress Wednesday on Twitter, posting a photograph of his subpoena under his comment: "Found this letter. Looks important."

The issue of pharmaceutical price-gouging has been taken up by some of the 2016 presidential candidates, including Democratic frontrunner Hillary Clinton, who blasted Shkreli in September for hiking the price of Daraprim from $13.50 to $750 per pill.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exceo who jacked up drug price is subpoenaed by congress Arab Today, arab today exceo who jacked up drug price is subpoenaed by congress

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exceo who jacked up drug price is subpoenaed by congress Arab Today, arab today exceo who jacked up drug price is subpoenaed by congress

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday