Attorney General James Sues 'Pharma Bro' Martin Shkreli And Vyera Pharmaceuticals For Illegally Monopolizing Life-Saving Drug

Posted to Applied Web NY on Mon, 01/27/2020 - 16:58

NEW YORK – New York Attorney General Letitia James today announced a lawsuit against Vyera Pharmaceuticals — previously known as Turing Pharmaceuticals — and two of its former CEOs — including ‘Pharma Bro’ Martin Shkreli — 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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