Drug company boss Martin Shkreli refuses to testify to Congress
“So there’s one thing you guys should know about me, I’m only an expert on one or two things if that”, Shkreli said.
Rep. Jason Chaffetz, chairman of the committee: “What do you say to that single pregnant woman who might have AIDS, no income, she needs Daraprim in order to survive”.
“I would have told the people of Turing, ‘You want to do a price increase, do it gradually, ‘” Brafman said.
Martin Shkreli invoked his Fifth Amendment right against self-incrimination and declined to answer questions from USA lawmakers.
“It’s not amusing Mr. Shkreli”, snapped Democratic Rep. Elijah Cummings, pressing the former hedge fund manager about allegedly operating a Ponzi-scheme.
Shkreli appeared to smirk throughout his hour-long appearance, and moments afterward, insulting tweets began to appear under his official account calling the lawmakers “imbeciles”.
Cummings pleaded with Shkreli to reconsider his views about drug pricing: “You can go down as the poster boy for greedy drug company executives, or you can change the system”.
He also said that if he had known Shkreli a year ago, he would’ve advised him to raise the price of Daraprim gradually, not all at once. Daraprim is used all over the world.
Shkreli said in an email to one contact: “We raised the price from $1,700 per bottle to $75,000”.
On Jan. 21, someone on Shkreli’s live stream asked whether coming off like such a jerk was a good idea, given the legal charges he faced.
When told he could choose to answer some questions and not others, Shkreli told Rep. Trey Gowdy (R-SC), “I intend to follow the advice of my counsel, not yours”.
“Hard to accept that these imbeciles represent the people in our government”, the former CEO of Turing Pharmaceuticals tweeted. “People are dying and they’re getting sicker and sicker” said Cummings said at the hearing.
Also appearing before the lawmakers was Turing’s chief commercial officer and the interim CEO of Canada’s largest drugmaker, Valeant Pharmaceuticals. The 455 million price tag for rights to the drug were to be offset by the increased – from $13.50 per pill to $750.00.
HATED entrepreneur Martin Shkreli enraged onlookers by smirking his way through a hearing into his price hikes on lifesaving drugs. He’s been willing to answer at least one question this morning that won’t subject him to incrimination. In January he decided the Wu-Tang Clan indeed was something to f*** with, threatening Ghostface Killah after purchasing the sole copy of the group’s album Once Upon a Time in Shaolin for over $2 million.
He added that Shkreli would not have to answer questions at the hearing about the fraud charges against him and could, instead, talk about music.