NEW YORK CITY: A reviled US pharmaceutical boss who caused a storm in September by jacking up the price of a life-saving drug by 5,000 percent was arrested on Thursday (Friday in Manila) on fraud charges, prosecutors said.
The arrest of Martin Shkreli—who has appeared to revel in his notoriety—was not linked to the massive increase in the price of Daraprim, a drug used to treat malaria and infections suffered by people with HIV.
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