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Mallinckrodt's Stock Crashes Following FTC Lawsuit
Wednesday, January 18, 2017 - 4:16pm | 333Allegedly acting on a complaint from Martin Shkreli, the Federal Trade Commission is about to file charges against Mallinckrodt PLC (NYSE: MNK), which maintains a monopoly on lupus and multiple sclerosis treatment and has hiked prices 2,165 percent over the years. The suit is expected to...
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Imprimis Signs Agreement With One Of Nation's Largest Pharmacy Benefit Managers; CEO Talks Disruption
Tuesday, November 22, 2016 - 4:44pm | 709Pharmaceutical compounder Imprimis Pharmaceuticals Inc (NASDAQ: IMMY) first stepped onto the national stage in December 2015, when the company announced its partnership with Express Scripts Holding Company (NASDAQ: ESRX) to distribute a $1 Daraprim alternative following Martin Shkreli and Turing...
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Shkreli's Very Bullish Call On Alexion Following Recent Downside: 'Double From Here'
Tuesday, November 15, 2016 - 3:29pm | 346Shares of Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN), which saw a move above the $130 handle in the aftermath of its financial results released on October 27, have lost some of the sheen now. Alexion's third-quarter results showed that the company reversed to a profit of $0.42 per share...
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Shkreli Warned You: Mast Therapeutics Plummets 80% After Sickle Cell Drug Phase 3 Trial Fail
Tuesday, September 20, 2016 - 5:33pm | 355Shares of Mast Therapeutics Inc (NYSE: MSTX) fell 83 percent in Tuesday’s after-hours session after the company announced its phase-3 EPIC trial of vepoloxamer for the treatment of sickle cell disease patients experiencing vaso-occlusive crisis failed to meet its primary efficacy...
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Shkreli Thinks The Mylan-Epipen Controversy Is 'Not Very Fair'
Tuesday, September 13, 2016 - 6:28am | 508Martin Shkreli joined Benzinga's PreMarket Prep on Monday morning, so of course we were going to ask him his thoughts on the Mylan NV (NASDAQ: MYL)-EpiPen controversy. "From a fairness perspective, it's not very fair,” the provocative biotech exec told Benzinga. The co-...
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Martin Shkreli Thinks Jazz Pharmaceuticals Could Be Worth $20 Billion, While Mast Therapeutics Is 'Worthless'
Monday, September 12, 2016 - 11:39am | 552Martin Shkreli thinks Jazz Pharmaceuticals plc - Ordinary Shares (NASDAQ: JAZZ) is wildly undervalued. Shkreli, who appeared on Monday's edition of PreMarket Prep, said even though the the biotech's stock has "been pummeled" in recent months, "if you run the numbers, it...
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Shkreli Thinks Raptor Pharmaceutical's Valuation Was Too Low
Monday, September 12, 2016 - 11:01am | 297Shares of Raptor Pharmaceutical Corp. (NASDAQ: RPTP) were trading higher by more than 20 percent Monday after the company agreed to be acquired by Horizon Pharma PLC (NASDAQ: HZNP) for $800 million, or $9 per share. Speaking as a guest on Monday's Premarket Prep, Martin Shkreli shared his...
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Martin Shkreli Will Be A Guest On PreMarket Prep Tomorrow
Sunday, September 11, 2016 - 3:06pm | 330Make sure you have a pot of coffee ready. Martin Shkreli will join PreMarket Prep for an exclusive interview on Monday at 8:15 a.m. ET. Last week, Retrophin Inc (NASDAQ: RTRX) announced positive results from sparsentan, a mid-stage clinical trial in patients suffering from a rare kidney...
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Exclusive: Why Martin Shkreli Feels He Has Been Vindicated
Wednesday, September 7, 2016 - 2:49pm | 434After his former company Retrophin Inc (NASDAQ: RTRX) released positive top-line data from the Phase 2 DUET study of sparsentan, Martin Shkreli offered an olive branch to media companies wishing to speak to him on the drug he helped develop. With that, Benzinga reached out to Shkreli and...
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Martin Shkreli Earns Another Charge, Pleads Not Guilty
Monday, June 6, 2016 - 2:49pm | 229Martin Shkreli, co-founder of the hedge fund MSMB Capital Management, co-founder and former CEO of the biotechnology firm Retrophin Inc (NASDAQ: RTRX), and founder and former CEO of Turing Pharmaceuticals, was back in court on Monday. Shkreli -– dubbed by the media as “the most...
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Exclusive: Meet One Pharma CEO Who's Doing Something To Bring Down Drug Prices
Tuesday, May 31, 2016 - 3:57pm | 855Benzinga recently had the chance to speak with Imprimis Pharmaceuticals Inc (NASDAQ: IMMY)’s Founder and CEO, Mark L. Baum J.D., one of the few guys in the pharma industry who’s doing something to fight drug price-gouging. A Little Background Imprimis develops, produces and...
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How Big Pharma Uses Charity Programs To Cover Drug Price Hikes
Friday, May 20, 2016 - 3:46pm | 457Looking for another reason to dislike drug companies? Good news: Some companies systematically use charitable giving as a way to raise their drug prices with minimal public awareness. Bloomberg’s Benjamin Elgin and Robert Langreth reported on a number of cases in which drug companies seem...
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KaloBios OTC Shares Up 80%, Leading Martin Shkreli To Tweet About His Former Company
Wednesday, March 23, 2016 - 12:40pm | 325KaloBios Pharmaceuticals Inc (OTC: KBIOQ) shares were up more than 74 percent at $7.85 Wednesday afternoon, hitting a day's high of $9. The surge in price led its former CEO, Martin Shkreli, to chime in on his former company. "$KBIOQ has same assets and a BETTER CEO than me but stock...
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See Martin Shkreli Analyze Valeant: Live
Tuesday, March 15, 2016 - 2:26pm | 148Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are off almost 50 percent on Tuesday after the company issued poor earnings and guidance, all while reaffirming the SEC is still probing its operations. Ex-pharma exec-turned hedge fund manager-turned FBI fraud target Martin Shkreli is analyzing...
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What Bothers Investors The Most? It's Kanye West, Not Trump Or Oil Or Even Martin Shkreli
Friday, February 19, 2016 - 12:13pm | 399There’s plenty of things happening in global markets these days for investors to be bothered about. Benzinga recently took to Twitter to ask investors about four headlines to see which one is bothering them the most: 1.) A celebrity Republican presidential frontrunner with no political...