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posted by Fnord666 on Saturday March 09 2019, @02:32PM   Printer-friendly
from the leopard-spots dept.

Martin Shkreli continues to run business from prison, report says

Martin Shkreli reportedly runs his pharmaceutical company from prison on a contraband smartphone. Shkreli continues to run the remains of the drug company that once earned him the title of most hated man in America, according to a story in the Wall Street Journal. He was convicted of securities fraud and conspiracy in 2017. He has served 16 months of a seven-year sentence in federal prison.

Shkreli is reportedly running Phoenixus AG, formerly known as Turing Pharmaceuticals. In 2015, when Shkreli was the CEO, Turing raised the price of the lifesaving drug Daraprim used by AIDS patients from $13.50 a pill to $750 a pill. The price hike sparked a public outcry.

The Journal says that Shkreli anticipates the company will grow more successful while he's in prison. He believes the company, of which he owns 40%, could be worth $3.7 billion by the time he gets out of prison.

On one recent phone call, Shkreli fired Phoenixus CEO Kevin Mulleady, the Journal reported. Shkreli reportedly later changed his mind, agreeing to suspend Mulleady rather than fire him.

Cartoon villain performance art.

Previously: Martin Shkreli Points Fingers at Other Pharmaceutical Companies
Martin Shkreli Convicted of Securities Fraud Charges, Optimistic About Sentencing
Martin Shkreli Lists Unreleased Wu-Tang Clan Album on eBay
Martin Shkreli's $5 Million Bail Revoked for Facebook Post Seeking Hillary Clinton's Hair
Sobbing Martin Shkreli Sentenced to 7 Years in Prison for Defrauding Investors

Related: Drug Firm Offers $1 Version of $750 Turing Pharmaceuticals Pill
Mylan Overcharged U.S. Government on EpiPens
EpiPen Maker is Facing Shareholder Backlash
FDA Has Named Names of Pharma Companies Blocking Cheaper Generics [Updated]
U.S. Hospitals Band Together to Form Civica Rx, a Non-Profit Pharmaceutical Company


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  • (Score: 2, Insightful) by legont on Saturday March 09 2019, @07:55PM (4 children)

    by legont (4179) on Saturday March 09 2019, @07:55PM (#812111)

    Mein Kampf was written in jail. Lenin - a professional writer - was also very productive while incarcerated.

    The US is different though. He should have been raped by aids positive minorities.

    --
    "Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
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  • (Score: 0) by Anonymous Coward on Saturday March 09 2019, @07:59PM

    by Anonymous Coward on Saturday March 09 2019, @07:59PM (#812113)

    The profound boredom that comes with incarceration is extremely stimulating to the imagination. Those without imagination go crazy in jail.

  • (Score: 2, Informative) by Anonymous Coward on Sunday March 10 2019, @03:03AM (2 children)

    by Anonymous Coward on Sunday March 10 2019, @03:03AM (#812217)

    I would not wish prison rape on someone.

    https://en.wikipedia.org/wiki/Suicide_of_Rodney_Hulin [wikipedia.org]

    • (Score: 0) by Anonymous Coward on Sunday March 10 2019, @06:37AM (1 child)

      by Anonymous Coward on Sunday March 10 2019, @06:37AM (#812244)

      Thank you - fucking Christ Almighty, prison rape seems to be the ultimate punishment fantasy in the USA. Grow the fuck up morans.

      • (Score: 0) by Anonymous Coward on Sunday March 10 2019, @04:59PM

        by Anonymous Coward on Sunday March 10 2019, @04:59PM (#812335)

        In the US we need to hate someone, and criminals are easy prey. It's not that we wish rape upon them, we wish "the gay" upon them so we can continue hating them for more than their legal transgressions. We're nothing is not means spirited.