New York, FTC sue 'pharma bro' Shkreli, others over Daraprim price hikes

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New York, FTC sue 'pharma bro' Shkreli, others over Daraprim price hikes
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Martin Shkreli, the 'pharma bro' in prison for defrauding investors, f...

WASHINGTON - Martin Shkreli, the “pharma bro” in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York attorney general’s office for an alleged scheme to preserve his monopoly for the drug Daraprim, whose price increased by more than 4,000% in one day.

The company named is Vyera Pharmaceuticals, formerly Turing Pharmaceuticals, which was headed by Shkreli. Vyera Pharmaceuticals said in a statement that the claims “are without merit and will vigorously defend these claims in court.”

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