Article 572WV Jailed "pharma bro" Martin Shkreli fails to end lawsuit against him

Jailed "pharma bro" Martin Shkreli fails to end lawsuit against him

by
Rob Beschizza
from Boing Boing on (#572WV)

Martin Shkreli's ongoing jail term isn't the end of his legal troubles, and a federal judge rejected his latest effort to bring them to a close, allowing a lawsuit against him filed by New York's attorney general to proceed.

The lawsuit accuses Shkreli, a former pharmaceutical executive, of illegally "trying to monopolize the lifesaving drug Daraprim, whose price he raised more than 4,000% in one day."

The defendants were accused of scheming to block generic equivalents of Daraprim from entering the market, enabling them in 2015 to boost the drug's cost overnight to $750 from $17.50. Daraprim treats a potentially fatal infection known as toxoplasmosis. Nicknamed "Pharma Bro" for eccentricities including his use of social media, Shkreli is serving a seven-year prison term following his 2017 conviction for cheating investors in two hedge funds and trying to prop up a biotechnology company's stock price.

One of the peculiarities of Shkreli's case is that he became famous (and widely loathed) for his price-hiking of key medications, but went to jail on unrelated fraud charges. He hasn't stopped grifting inside, either.

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