What exactly did Martin Shkreli do?
The federal jury found Shkreli guilty for lying to investors about the performance of two hedge funds he ran, defrauding investors in his first drug company, Retrophin, and skimming money from Retrophin to pay back investors at the hedge funds for losses he covered up.
What did Martin Shkreli do Daraprim?
Martin Shkreli Sentenced To 7 Years For Securities Fraud
While he was head of Turing Pharmaceuticals, Shkreli notoriously raised the price of the life-saving drug Daraprim, an antiparasitic medication commonly used by AIDS patients and others with suppressed immune systems, from $13.50 per pill to $750.
What company did Martin Shkreli own?
Shkreli was CEO of Turing Pharmaceuticals — later Vyera — when it jacked up the price of Daraprim from $13.50 to $750 per pill, after obtaining exclusive rights to the decades-old drug in 2015. It treats a rare parasitic disease that strikes pregnant women, cancer patients and AIDS patients.