Pharma Douche Booted From Company He Founded

The New York Post reports:

Convicted “Pharma Bro” Martin Shkreli has finally been ousted as boss of the pharmaceutical company he founded, The Post has learned. Activist shareholders booted the group of directors still loyal to Shkreli during the annual general meeting of Turing’s parent company, Vyera, on Thursday.

In December, the Federal Trade Commission accused Shkreli in court of using anti-competitive tactics to drive up the price of Daraprim. The feds won, resulting in Shkreli being banned from the pharmaceutical industry in the US.

However, because Vyera is based in Switzerland — and subject to Swiss laws — the FTC ban was not enforceable.

Read the full article.

Shkreli was released from prison to a halfway house in May after serving four years of a seven-year sentence.

Earlier this year Shkreli was ordered to return $65 million to investors. 

In 2017, while awaiting sentencing, his bail was revoked after he tweeted an offer of a $5000 bounty for a strand of Hillary Clinton’s hair.