Executive Fired After Opposing 5,000% Drug Price Hike
A former vice president of the drugmaker that drew national criticism for raising the price of a parasite-fighting medication by 5,000% testified he was fired weeks after telling CEO Martin Shkreli the increase “was not justified,” reports USA Today.
The report says Howard Dorfman, also the former top lawyer for Turing Pharmaceuticals, told a Senate committee he joined managers who told Shkreli and other company officials that hiking the price from $13.50 per pill to $750 per pill “would have a severely negative impact on Turing’s business and reputation.”
Shkreli later resigned from Turing and now faces unrelated federal securities fraud charges.
