Former pharmaceutical CEO Martin Shkreli, dubbed the 'Pharma Bro' by critics for jacking up the price of an AIDS drug, got an early release from prison Wednesday.
Former pharmaceutical CEO Martin Shkreli, dubbed the"Pharma Bro" by critics for jacking up the price of an AIDS drug, got an early release from prison Wednesday.
Shkreli's prison sentence was unrelated to the price-gouging allegations that made him well known. He was arrested after allegedly lying to secure money from investors in a scheme that involved his hedge fund company MSMB Capital Management and his biopharmaceutical company Retrophin. His attorneys unsuccessfully argued that he suffered from anxiety and was misunderstood. Shkreli also argued none of his investors lost money.
Shkreli gained notoriety after his Vyera Pharmaceuticals, formerly known as Turing Pharmaceuticals, acquired the anti-malarial drug Daraprim and jacked up the price in 2015. The drug is used to treat toxoplasmosis, a parasite infection. The drug is also used to treat people with compromised immune systems due to AIDS and certain types of cancer.
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