Post by Logan on Jan 20, 2016 16:56:49 GMT -6
A U.S. congressional committee has demanded that former drug executive Martin Shkreli appear at a hearing on drug prices to testify about his former company's decision to raise the price of a lifesaving medicine by more than 5,000 percent, congressional aides said on Wednesday.
Shkreli, who is separately facing federal criminal charges that he defrauded investors, has been served with a subpoena to appear on Jan. 26 before the U.S. House of Representatives' Committee on Oversight and Government Reform, the aides said.
The Senate's Special Committee on Aging, which is also investigating the company's drug pricing practices, said on Wednesday that Shkreli has invoked the U.S. Constitution's Fifth Amendment against self-incrimination, and has refused to produce subpoenaed documents.
Shkreli, 32, fired back at lawmakers on Twitter, writing on Wednesday that the House was "busy whining to healthcare reporters about me appearing for their chit chat next week. Haven't decided yet. Should I?" He declined an interview request.
The outspoken entrepreneur sparked a firestorm last year after he raised the price of Daraprim, a decades-old treatment for a dangerous parasitic infection, to $750 a pill from $13.50 after acquiring it. The medicine once sold for $1 a pill.
Continued reading at www.reuters.com/article/us-usa-crime-shkreli-idUSKCN0UY2NY .
Shkreli, who is separately facing federal criminal charges that he defrauded investors, has been served with a subpoena to appear on Jan. 26 before the U.S. House of Representatives' Committee on Oversight and Government Reform, the aides said.
The Senate's Special Committee on Aging, which is also investigating the company's drug pricing practices, said on Wednesday that Shkreli has invoked the U.S. Constitution's Fifth Amendment against self-incrimination, and has refused to produce subpoenaed documents.
Shkreli, 32, fired back at lawmakers on Twitter, writing on Wednesday that the House was "busy whining to healthcare reporters about me appearing for their chit chat next week. Haven't decided yet. Should I?" He declined an interview request.
The outspoken entrepreneur sparked a firestorm last year after he raised the price of Daraprim, a decades-old treatment for a dangerous parasitic infection, to $750 a pill from $13.50 after acquiring it. The medicine once sold for $1 a pill.
Continued reading at www.reuters.com/article/us-usa-crime-shkreli-idUSKCN0UY2NY .