Turing CEO Martin Shkreli arrested by FBI, say reports

17 December 2015

The chief executive and founder of Turing Pharmaceuticals Martin Shkreli has been arrested by the FBI on suspicion of fraud, according to reports.

The 32-year-old sparked outrage in September after he raised the price of Daraprim (pyrimethamine) – used to treat toxoplasmosis, a serious disease that affects AIDS patients and pregnant women and their babies – from $13.50 to $750 a pill.

Turing is one of four companies currently being investigated by the US Senate’s special committee on aging, after dramatically hiking the price of off-patent, life-saving drugs shortly after acquiring them.

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