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Morally-Minus "Pharma Bro" Shkreli Smirks His Way Through Drug Price-Gouging Trial

  1. Beenthere2Hippie
    "Pharma Bro” Martin Shkreli appeared before Congress and smirkingly declined to answer any questions though he is not under indictment for the subject matter he was being questioned for.

    Shkreli appeared Thursday morning before the House Committee on Oversight and Government Reform. When prodded by South Carolina Rep. Trey Gowdy (R), Shkreli, the former CEO of Turing Pharmaceuticals invoked his Fifth Amendment rights, even when asked about such seemingly benign topics as his purchase of a $2 million Wu-Tang Clan album.

    Shkreli became widely hated when he raised the price of a life-saving drug used to fight infection in cancer and AIDS patients by 5,000 percent. He was arrested in December on federal securities fraud charges.

    Gowdy and Maryland Rep. Elijah Cummings (D) tried multiple times to get Shkreli to answer questions, both pointing out Shkreli’s constant attention-seeking, sitting for interviews and prolific Twitter use. Gowdy and Cummings engaged in what appeared to be a “good-cop bad-cop” method, but Shkreli, with his attorney sitting behind him, remained largely silent and smirking.

    “In this case, Mr. Shkreli made a number of public comments himself raising legitimate questions about his intentions,” Cummings said, countering Shkreli’s tactic of invoking the Fifth Amendment to avoid answering any questions. “Honestly I did not know whether he was even going to show up today. So it’s nice to see you.”

    Cummings asked Shkreli to use any influence he may still have over his former pharmaceutical company “to press them to lower the price of these drugs.”

    Shkreli infamously raised the price of Daraprim from $13.50 a pill to $750.

    “You can look away if you like,” Cummings said, as Shkreli sneered. “But I wish you could see the faces of people… who cannot get the drugs that they need. And by the way, it’s the taxpayer. Somebody’s paying for these drugs… It’s the taxpayers that end up paying for some of them. And those are our constituents.”

    As Cummings spoke to him about his unique opportunity to change the pharmaceutical industry for good, Shkreli openly appeared to laugh at him and look away.

    Shkreli was escorted out of the hearing after insisting he would remain silent. He later tweeted, “Hard to accept that these imbeciles represent the people in our government.”

    By Bethania Palma Markus - The Raw Story/Feb. 4, 2016
    Newshawk Crew

    Author Bio

    BT2H is a retired news editor and writer from the NYC area who, for health reasons, retired to a southern US state early, and where BT2H continues to write and to post drug-related news to DF.


  1. chibi curmudgeon
    Re: Morally-Minus "Pharma Bro" Shkreli Smirks His Way Through Drug Price-Gouging Tria

    According to him (and Turing's website,) they'll pretty much give you Daraprim for free if you don't have insurance and for $10 or less if you do. Can anyone provide evidence to the contrary? There's a HUGE difference between charging patients hundreds of dollars for a drug and charging insurance companies hundreds of dollars. Trust me, prescription insurance is a highly profitable industry. They're not passing on any savings to their customers. If I had the opportunity to shake them down for research funding I'd do it in a heartbeat.
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