Shkreli eventually started his own pharmaceutical company, Turing Pharmaceuticals AG.
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Shkreli, who resigned as Turing’s chief executive on Friday, has appeared to bask in the attention.
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Shkreli rose to fame earlier this year after his company raised the price of drug Daraprim 5,000%.
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“Mr. Shkreli expects to be fully vindicated”, his attorneys said in a statement Thursday.
” It is no coincidence that these charges, the result of investigations which have been languishing for considerable time, have been filed at the same time of Shkreli’s high-profile, controversial and yet unrelated activities”, said Stevens. “The allegations against me are baseless and without merit”.
Acting chief Tilles, who is also Turing’s chairman, vowed to make Daraprim affordable.
Shkreli told the New York Times before his arrest that he had given away more than $3 million, and he has used philanthropy to rebut people who call him selfish.
In October 2014, Shkreli was ousted from Retrophin.
Turing Pharmaceuticals and Shkreli, a former hedge fun manager, faced a barrage of criticism in September when the company acquired Daraprim, a decades-old drug that is the preferred drug to treat toxoplasmosis, a life-threatening parasitic infection.
While most patients’ copayments will be $10 or less a month, insurance companies will be stuck with the bulk of the tab, potentially driving up future treatment and insurance costs. “His plots were only by efforts to hide the fraud, which led him to operate his companies…as a Ponzi scheme”, said a statement from the US Justice Department.
Other posts mocked Shkreli for his infamous price-gouging and his boasts about buying a one-of-a-kind Wu-Tang Clan album for $2 million.
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KaloBios had announced plans to stop research programs on two drugs and shut down the company shortly before Shkreli and an invested group swooped in on November 19, bought 70 percent of its shares and promised a $3 million stock investment and $10 million in financing.
