Tag Archives: pharma

Pharma Seeks Approval For Weekly Anti-HIV Injectable

Via press release from Cytodyn: “Essentially, if PRO 140 is FDA approved, the infected person could finally take a break and go on a vacation without having to remember their pills, and the exact times to take them each day. Some have been on their multiple pill regimen day-in and day-out for decades. Upon FDA approval, all they will need …

Read More »

Company Run By Pharma Douche Declares Bankruptcy

Via New York Magazine: KaloBios, the biotech company briefly helmed by recently arrested “most hated man in America” Martin Shkreli, filed for bankruptcy on Tuesday. The company was already near collapse before Shkreli and a team of investors bought up a bunch of shares and he became CEO. He resigned from the San Francisco–based company shortly after getting arrested on …

Read More »

Pharma Douche Fired From Second Company

NBC News reports: Martin Shkreli, the embattled health care businessman, has been let go by KaloBios Pharmaceuticals — one of the companies he had headed. KaloBios, which has a market cap of less than $100 million, hasn’t traded since last Thursday. It was halted about 10 minutes after news of Shkreli’s arrest. The company said the alleged fraudster was “terminated” …

Read More »

Busted Pharma Douche Resigns From His Company, But Now What About The Cost Of That AIDS Drug?

Via press release from the Human Rights Campaign: We hope that Martin Shkreli’s departure will mark the end of Turing Pharmaceuticals’ reckless price hikes on life-saving medications,” said Olivia Alair Dalton, HRC’s Senior Vice President for Communications and Marketing. “Turing’s interim CEO Ron Tilles should immediately roll back the company’s unconscionable 5,000 percent price hike on Daraprim, a crucial treatment …

Read More »

FBI Tweet: No, We Didn’t Seize That Wu-Tang Clan Album When Arresting The Pharma Douche

Twitter was very amused. Via Slate: In the most 2015-esque news of 2015, the FBI just tweeted that it did not seize the single-copy Wu-Tang Clan album Once Upon a Time in Shaolin when it arrested “pharma bro” Martin Shkreli on securities fraud charges earlier Thursday. Please pause before continuing to consider how little of that sentence would have been …

Read More »

Pharma Douche Arrested For Securities Fraud

Whoa. Bloomberg Business reports: A boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested on securities fraud related to a firm he founded. Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant greed. The federal case against him …

Read More »

Pharma Douche To Gouge Another Patient Group

The New York Times reports: Martin Shkreli is once again provoking alarm with a plan to sharply increase the price of a decades-old drug for a serious infectious disease. This time the drug treats Chagas disease, a parasitic infection that can cause potentially lethal heart problems. “It’s caused a lot of angst in the Chagas community,” said Dr. Sheba Meymandi, …

Read More »

Pharma Douche Spends $2M On Rap Album (Because Nobody Else Will Be Able To Have It)

He really loves being America’s most notorious douchebag. Pitchfork reports: Last month, reports emerged that Wu-Tang Clan’s one-of-a-kind album, Once Upon a Time in Shaolin, had been sold for “millions.” Now, Bloomberg has revealed the buyer’s identity: Turing Pharmaceuticals CEO Martin Shkreli. Shkreli is the former hedge fund manager (and Collect Records associate) who made headlines this year for increasing …

Read More »

Legendary AIDS Activists: End PrEP Profiteering

Last night a group of noted AIDS activists including Peter Staley and Larry Kramer met in the very apartment where the Gay Men’s Health Crisis was formed 33 years ago to denounce the “abusive pricing” and “profiteering” which continues to put cost of PrEP beyond the means of much of the world. The group has issued a statement: We – …

Read More »

Pharma Douche Martin Shkreli: I Just Wish I’d Raised The Cost Of That AIDS Drug Even More

Pharma douchebro Martin Shkreli has told Forbes that he regrets not having raised the cost of his AIDS drug even more than he did. From the interview: Martin Shkreli hasn’t changed. If anything, the provocative pharmaceutical CEO — who became “the most hated man in America” earlier this year — thinks he didn’t go far enough when he hiked the …

Read More »

Pfizer And Allergan To Merge In $160 Billion Deal To Create World’s Largest Pharma Corporation

CNBC reports: Pfizer announced Monday it will buy Allergan for $363.63 a share, or about $160 billion. The deal represents a premium of over 30 percent based on the companies’ unaffected shares price as of Oct. 28, Pfizer and Allergan said in a joint statement. Allergan shareholders will receive 11.3 shares of the combined company — Pfizer PLC — for …

Read More »

Pharma Douche Loses $14.6M In One Quarter

Business Insider reports: The 5,000% increase in the price of an anti-parasitic drug hasn’t brought Turing Pharmaceuticals into the black just yet. For the third quarter, ending September 30, the company posted a $14.6 million net loss. Those three months cover the time that Turing acquired the US marketing rights to Daraprim, a 62-year-old drug that’s used to treat malaria …

Read More »

STUDY: Alcoholism Drug Can “Wake Up” Dormant HIV

Reuters reports: Scientists seeking a cure for the AIDS virus have made an unexpected discovery with a drug designed to combat alcoholism which they say could be a critical part of a strategy to “wake up” and then kill dormant HIV hiding in the body. The drug, branded as Antabuse but also sold as a generic called disulfiram, was given …

Read More »

Rival Wipes Smirk Off Face Of Pharma Douche Martin Shkreli, Offers Generic AIDS Medication For $1/Pill

The most hated man in pharma is having a bad day. The Associated Press has the story: Stepping into the furor over eye-popping price spikes for old generic medicines, a maker of compounded drugs will begin selling $1 doses of Daraprim, whose price recently was jacked up to $750 per pill by Turing Pharmaceuticals. San Diego-based Imprimis Pharmaceuticals Inc., which …

Read More »

Bernie Sanders Rejects Donation From Pharma Douche Martin Shkreli, Gives Money To AIDS Charity

Boston.com reports: Pharmaceutics CEO Martin Shkreli wanted to make a donation to Bernie Sanders’ campaign in order to get a meeting with the Vermont senator, according to Stat. The Sanders campaign said no thanks. They’ll be passing on the money to a Washington health clinic, and Shkreli—the so-called “most hated” man in America whose company, Turing Pharmaceuticals, raised the price …

Read More »

NEW YORK: HRC Demands That AG Eric Schneiderman Investigate Price-Gouging Pharma CEO

Today the Human Rights Campaign sent a letter to New York Attorney General Eric Schneiderman [photo] in which they call for an investigation of price-gouging by pharma CEO Martin Shkreli.  HRC head Chad Griffin writes: Daraprim is a lifesaving treatment for toxoplasmosis, a parasitic infection impacting patients with compromised immune systems including those who are pregnant or living with HIV. …

Read More »

Hillary Clinton Sends Biotech Stocks Tumbling After Tweeted Reaction To Drug Price Gouging Story

Hillary Clinton yesterday tweeted the above reaction to a New York Times story about drug price gouging. Then this happened: The former first lady’s comments clearly spooked investors. The iShares Nasdaq Biotechnology ETF (IBB) went from flat on the day before the Clinton tweet to closing down nearly 5%. Biotech stocks helped knock the Nasdaq into the red on what …

Read More »

REPORT: Price-Gouging Pharma CEO Has Been Accused Of Hacking & Harassing Rival’s Family

Yesterday we learned that pharma CEO Martin Shkreli has raised the price of a vital AIDS drug by 5500%. Folks have gone digging into Shkreli’s past and there’s quite a story there. US Uncut reports that Shkreli was recently accused of hacking the email account of a rival pharma executive and threatening his family. They write: The report, taken by …

Read More »

Pharma CEO Martin Shkreli Raises Cost Of AIDS Drug By 5500%, Claims It Is Still Underpriced [VIDEO]

Raw Story reports: Appearing on Bloomberg TV, the CEO of a pharmaceutical company that recently hiked the price of a drug used for critically ill infants and AIDS patients by 5,500 percent, defended the price increase by promising better things to come for future patients. Martin Shkreli, 32, the founder and chief executive of Turing Pharmaceuticals, recently purchased the rights …

Read More »

VICE: The Truvada Revolution

VICE has launched a three-part series titled The Truvada Revolution.  A drug called Truvada is the first the FDA-approved means of preventing HIV infection. If an HIV-negative person takes the pill every day, they’re nearly 99 percent protected from contracting the virus. Controversy continues to surround the broad uptake of Truvada, but the landscape of safer sex and HIV-prevention changes …

Read More »