Reviled Pharma CEO Martin Shkreli Resigns

[Siwsan]

RENTON, N.J. (AP) — The pharmaceutical executive reviled for price-gouging resigned Friday as head of the drugmaker Turing Pharmaceuticals, a day after being arrested on charges of securities fraud related to a company he previously ran.

Martin Shkreli, whose arrest delighted countless people appalled by his unapologetic stance after hiking the price of a life-saving drug by 5,000 percent, is being replaced on an interim basis by Ron Tilles, according to a statement issued Friday by Turing, which is privately held.

Tilles has been chairman of Turing's board of directors since the company was founded late last year. Turing said that Tilles will continue to hold the board chairman position as well. He has worked at numerous private equity and venture capital firms in the pharmaceutical and medical device industries over the last two decades.

http://www.huffingtonpost.com/entry/reviled-pharma-ceo-martin-shkreli-resigns_567445fee4b06fa6887d23f8

[Sheepshank]

1. But will he reverse the price hike?

At this,point this is the only thing that matters to me regarding the company.

[Siwsan]

3. I don't think it's his call, now

And somehow I figure anyone he hired to work for him will probably be just as evil.

It's just too bad there is no penalty for the most egregious of his offenses. As bad as the financial stuff was, price gouging seriously ill and dying people is an irredeemable offense, in my book.

[napkinz]

2. ...

[Siwsan]

4. At least they finally got him for SOMETHING

Broke and in prison is better than he deserves.

[napkinz]

5. hope it wipes that smirk off his face