Page 110 - CL Armchair Case

Business: As Usual

Bloomberg: TV Appearances (4)

"If there was a company that was selling an Aston

Martin at the price of a bicycle, and we buy that

company and we ask to charge Toyota prices, I don’t

think that that should be a crime".

Martin Shkreli

In late November Shkreli appeared on Bloomberg TV. On

the show, he claimed he didn't pay attention to the stock

market at all also that he saw "no reason or need" to reverse

merger Turing Pharmaceuticals and KaloBios. Further he

said they were in talks for three separate acquisitions in rare

diseases:

One: FDA approved drug and

Two: not-yet approved drugs.

George Scangos, CEO of biotechnology giant Biogen Inc.,

went further saying in an interview,

“Turing is to a research-based company like a loan shark is

to a legitimate bank.”

http://www.bloomberg.com/news/articles/2015-09-25/old-

drug-price-hike-perversion-of-the-system-biogen-ceo-says