General World News

Former Drug CEO Martin Shkreli Angers Lawmakers

A former U.S. pharmaceutical business executive has angered lawmakers by refusing to explain why he raised the price of a life-saving pill by 5,000 percent.

Martin Shkreli was removed from a congressional hearing on Thursday after citing his Fifth Amendment right to stay silent. The 32-year-old received a subpoena to appear before the hearing after his former company, Turing Pharmaceuticals, raised the price of Daraprim, the drug used for treating AIDS and certain types of cancer, from $13.50 to $750 per pill.

When the price for Daraprim went up sharply in August of last year, the general public, politicians and even industry read more >>>

Source : VOANews.Com