Attorney General James Adds States to Suit Against Convicted Criminal Martin Shkreli and Vyera Pharmaceuticals

Posted to Applied Web NY on Tue, 04/14/2020 - 18:33

NEW YORK – New York Attorney General Letitia James today announced that the attorneys general of six additional states have joined the lawsuit against Vyera Pharmaceuticals — previously known as Turing Pharmaceuticals — and two of its former CEOs — including convicted criminal Martin Shkreli. The states of California, Illinois, North Carolina, Ohio, Pennsylvania, and Virginia join the suit originally filed by Attorney General James and the Federal Trade Commission (FTC) against Vyera in January for stifling competition to protect the exorbitant, monopolistic pricing of the drug Daraprim (pyrimethamine). Daraprim is used to treat the parasitic disease toxoplasmosis, and despite Vyera Pharmaceuticals being the only FDA-approved source of the medication, Shkreli and Vyera raised the price of the drug by more than 4,000 percent overnight, to $750 per pill, after they purchased the rights to Daraprim in August 2015.

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