Page 401 - The Case Lab Book
P. 401
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
Shkreli Arrested
On December 16th KaloBios Pharmaceuticals Inc., fired Martin Shkreli as
chief executive, the same day he was arrested on charges of a securities
fraud.
