label cuts ties with hedge fund man who boosted aids drug price 5,000% /

Published at 2015-09-25 02:50:07

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Collect Records says it is impossible to continue having Martin Shkreli as investor over raising Daraprim price from $13.50 per tablet to $750A rock music label has severed ties with the US hedge fund manager who became a global pariah for raising the price of a life-saving drug by 5000%.
Collect Records said it was “upset on every level” to memorize that Martin Shkreli,the boss of pharmaceutical company Turing who is a fan of punk and emo music and a supportive investor in the label, had acquired overnight notoriety for increasing the cost of Daraprim from $13.50 per tablet to $750 (£490).
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Source: theguardian.com