Newspaper article Charleston Gazette Mail

Lawmaker Blasts Shkreli over Response

Newspaper article Charleston Gazette Mail

Lawmaker Blasts Shkreli over Response

Article excerpt

WASHINGTON - A House lawmaker says former Turing Pharmaceuticals CEO Martin Shkreli, reviled for hiking the price of a life-saving drug, has not made any legal arrangements to appear before Congress next week, despite receiving a subpoena. Rep. Elijah Cummings, D- Maryland, said a lawyer for Shkreli indicated he has not sought permission from a New York judge to appear at a congressional hearing Tuesday on drug prices.

Shkreli is charged with securities fraud and conspiracy in a case stemming from one of his previous drug companies. Under the terms of bail in that case, he is required to remain in New York state. However, a judge could grant an exception to travel.

House lawmakers want to question Shkreli about his decision to hike the price of Daraprim, the only approved drug for a rare and sometimes deadly parasitic infection, by 5,000 percent. He resigned from Turing last month following his arrest.

Cummings, who has been investigating exorbitant drug prices, said the 32-year-old Shkreli must take steps to appear before the committee. …

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