Pharma company CEO Martin Shkreli arrested

The controversial Turing Pharmaceuticals CEO was arrested today for wire and securities fraud. The New York Times explains succinctly why Skhreli has become symbolic of what's wrong in the industry:

Mr. Shkreli has emerged as a symbol of pharmaceutical greed for acquiring a decades-old drug used to treat an infection that can be devastating for babies and people with AIDS and, overnight, raising the price to $750 a pill from $13.50. His only mistake, he later conceded, was not raising the price more.

Here's the story about his arrest. Here's a detailed profile from last week. See our prior discussion about drug price spikes (citing Turing as an example) here.

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