‘Pharma Bro’ Martin Shkreli Subpoenaed To Testify Before Congress

Indicted Former Pharmaceutical CEO Mocks ‘Whining’ House Lawmakers On Twitter

Former hedge fund manager turning pharmaceutical CEO turned indicted and fired CEO Martin Shkreli has been subpoenaed to appear before a House committee to testify on drug pricing. The House Committee on Oversight and Government Reform subpoenaed Shkreli for a hearing next week.

In response, the man dubbed the “most hated man” in America, toyed with the idea on Twitter, by posting a photo, presumably of the subpoena. “Found this letter. Looks important,” he tweeted:

Next Tuesday’s hearing will be on “developments in the prescription drug market.” Bloomberg reports the committee “has asked for documents about how treatments are priced from several companies, including Valeant Pharmaceuticals International Inc. and Turing Pharmaceuticals AG, Shkreli’s former company.”

RELATED: Martin Shkreli Loses CEO Job, $26 Million, Control Of Twitter Account, Blames Arrest On Drug Price

Whether or not Shkreli will show, or invoke the Fifth Amendment, is anyone’s guess, but this tweet Shkreli posted today may offer some insight:

“I have been trying for the better part of a year to get information from Martin Shkreli about his outrageous price increases, and he has obstructed our investigation at every turn,” Rep. Elijah Cummings (D-MD) said in a statement. “He claims publicly that he wants to explain to Congress how drug pricing works. On Tuesday, he will get his chance.”

The Senate requested Shkreli testify in December, but it appears that he has yet to do so.

Shkreli last month was arrested on securities fraud charges, and has since resigned or been fired from several positions.

Shkreli became known nationwide after purchasing the rights to a little-known and old but life-saving drug, and increasing the price from $13.50 a pill to $750 a pill, a 5500% increase. That drug, Daraprim, Shkreli admitted, costs about $1 to make.

 

EARLIER:

Bigger Than Trump: 9 Things About Martin Shkreli That Happened Today After He Was Arrested

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Martin Shkreli Loses $26 Million After Being Arrested

 

Image via Martin Shkreli/Twitter