CEO is a title Martin Shkreli can no longer list on his business cards.
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The decision comes after the much-criticized pharmaceutical executive was arrested Thursday on charges of security fraud related to another drug company where he had previously served as chief executive.
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As Turing’s chief executive, Shkreli gained infamy and spurred a Congressional investigation into the rising price of prescription drugs, after jacking up the price of the drug Daraprim from $13.50 a pill to $750.
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MacFarland, overseeing USA operations against Islamic State, believe the helicopters are needed right now to win back Ramadi. And those assets should only be used when they can make a critical, strategic contribution to the fight.
Shkreli tweeted after being released on a $5m bail bond last week that the allegations are “baseless and without merit”, adding that the charges relating to MSMB “involve complex accounting matters that the EDNY and SEC fail to understand”. Daraprim is the only approved drug for a life-threatening parasitic infection that mainly strikes pregnant women, cancer patients and AIDS patients.
In a Wall Street Journal article published Monday, Shkreli said the authorities had targeted him because of his drug price increases. On Monday, he and his attorneys finally regained control of the recently arrested ex-pharmaceutical C.E.O.’s Twitter account, after it was hacked and began sending, without context, messages all-too similar to things Shkreli might actually tweet. A few days later, news got out that he was the mysterious buyer of the one-of-a-kind Wu-Tang Clan album Once Upon a Time in Shaolin – and that Shkreli, who has been called “Mr. Wu-Tang ” by an actual USA senator, was saving it for a rainy day, unless maybe Taylor Swift wanted to come over and listen to it? His Twitter handle remained the same, but the screen name was been changed to “Martin The God” and the profile description read, “F*ck Yall…” along with a link to his former company, Turing Pharmaceuticals.
Trading in KaloBios shares has been halted since Thursday.
In other news, it was reported on Sunday that his Twitter account has been hacked. To pay back his disgruntled clients, he allegedly looted United States dollars 11 million from another pharmaceutical company, Retrophin, where he was CEO.
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He again insisted that he would be found not guilty of the securities fraud and conspiracy charges he now faces, charges for which he can be sentenced to 20 years if convicted.
