Pharmaceutical companies have donated hundreds of thousands of dollars in the 2016 presidential election cycle. Guess which presidential candidate accepted far more campaign cash than any other from Big Pharma? The money went to…drum roll please...Hillary Clinton. What’s more, Clinton says she’s proud to have drug companies as her enemies.
Federal agents have arrested 32-year old pharmaceutical company CEO, Martin Shkreli, who successfully jacked up the price of a single Big Pharma pill from $13.50 to $750. But it seems this gouging of Turing Pharmaceuticals’ anti-infective drug, Daraprim, by 5000% was not Shkreli’s only crime. He now faces charges on securities fraud linked to a firm he founded.
Martin Shkreli, the CEO of Turing Pharmaceuticals who increased the price of the AIDS drug Daraprim 5,000%, is having a bad week. A competing pharmaceutical company has announced that it will start offering a generic version of the drug for $1 per pill.
