SUBSCRIBERS
Reviled pharma boss Shkreli arrested on fraud charges
Published Fri, Dec 18, 2015 · 09:50 PM
New York
A REVILED US pharmaceutical boss who caused a storm in September by jacking up the price of a life-saving drug by 5,000 per cent was arrested on Thursday on fraud charges, prosecutors said.
The arrest of Martin Shkreli - who has appeared to revel in his notoriety - was not linked to the massive increase in the price of Daraprim, a drug used to treat malaria and infections suffered by people with HIV.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue