Standard News

Hide Advertisement
  • Business
  • Culture
  • News
  • Technology
  • Trending
Site logo
ADVERTISEMENT
ADVERTISEMENT

Ex-drug executive Shkreli pleads not guilty to latest charge

June 6, 2016 | By Reuters
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, winks as he arrives at U.S. Federal Court in New York

By David Ingram

NEW YORK (Reuters) – Former pharmaceutical executive Martin Shkreli, a lightning rod for outrage over soaring U.S. prescription drug prices, pleaded not guilty on Monday to an additional criminal charge that federal prosecutors filed against him last week.

Advertisement

Shkreli, 33, was indicted in December on seven criminal counts, including securities fraud. Prosecutors on Friday added an eighth charge, saying Shkreli tried to conceal from investors his control over shares in Retrophin Inc <RTRX.O>.

Evan Greebel, former outside counsel to Retrophin, also pleaded not guilty to the charge at a court hearing in the New York City borough of Brooklyn. Greebel faces two counts in all.

Shkreli last year sparked outrage among patients, medical societies and U.S. lawmakers after another company he ran, Turing Pharmaceuticals, raised the price of Daraprim by more than 5,000 percent to $750 a pill.

In December, U.S. authorities arrested him on fraud charges unrelated to the pricing of Daraprim, saying he ran his investment funds and companies almost like a Ponzi scheme.

U.S. District Judge Kiyo Matsumoto declined during Monday’s hearing to set a trial date for Shkreli and Greebel but said she was considering an early 2017 time frame.

(Reporting by David Ingram; Editing by Chris Reese and Lisa Von Ahn)

tagreuters.com2016binary_LYNXNPEC5512G-VIEWIMAGE

tagreuters.com2016binary_LYNXNPEC5512K-VIEWIMAGE

← Previous Post Next Post →
Advertisement - Continue reading below
Share  On Facebook

Polish director Skolimowski appeals for more films on immigrants

Three UC Berkeley students wounded, one missing in Nice attack

U.S. charges two HSBC executives over forex-related scheme

Alt-Right Leaders Speak Out Following Death of Protester Heather Heyer

Ohio jury recommends death penalty for man who killed three women

Obama says U.S. race relations have improved, but work to be done

In wake of riots, Milwaukee looks inward for solutions

British celebrities back remaining in EU in letter to newspaper

Obama briefed on man who took hostages in German cinema: White House

Baltimore prosecutor vows to fight on after Freddie Gray case defeat

load more Loading posts...

sidebar

ADVERTISEMENT
ADVERTISEMENT

sidebar-alt

  • About Us
  • Imprint
  • Contact Us
  • Terms of Service
  • Privacy Policy