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.

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Celgene Announces Settlement of REVLIMID Patent Litigation

Celgene Corporation has announced the settlement of litigation with Natco Pharma Ltd. of India, Natco’s U.S. partner, Arrow International Limited, and Arrow’s parent company, Watson Laboratories, Inc. (a wholly-owned subsidiary of Allergan plc) relating to patents for REVLIMID (lenalidomide), reports StreetInsider.com.

“As part of the settlement, the parties will file Consent Judgments with the United States District Court for the District of New Jersey that enjoin Natco from marketing generic lenalidomide before the expiration of the patents-in-suit, except as provided for in the settlement,” the story reports.

“Celgene has agreed to provide Natco with a license to Celgene’s patents required to manufacture and sell an unlimited quantity of generic lenalidomide in the United States beginning on Jan. 31, 2026.”

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