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Thursday, December 17, 2015

CEO Who Hiked Price Of Drug By Over 5400% Arrested In Unrelated Securities-Fraud Investigation

Three months after Turing Pharmaceuticals entered the spotlight by buying the rights to a generic drug used to save lives and dramatically increased the price from $13.50 to $750, the company’s CEO has been arrested in a securities-fraud investigation. However, the charges are related to another company the man once led. 

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3 comments:

  1. AnonymousDecember 18, 2015 at 4:38 AM

    Karma...

    ReplyDelete
  2. AnonymousDecember 18, 2015 at 5:06 AM

    A reminder to everyone that being a former CEO doesn't mean that you're the best person for the job.

    ReplyDelete
  3. AnonymousDecember 18, 2015 at 9:51 AM

    He poked the bear, never a good idea.

    ReplyDelete

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