Category: Business & Lobbying

  • ‘Pharma bro’ Martin Shkreli released from prison

    Martin Shkreli, the notorious so-called “Pharma bro” who garnered controversy when he significantly raised the price of AIDS medication, was released from prison on Wednesday. The Federal Bureau of Prisons (BOP) confirmed Shkreli’s release in a statement. “We can confirm Martin Shkreli transferred on May 18, 2022, from the Federal Correctional Institution (FCI) Allenwood Low to community confinement […]

  • DOJ urges Supreme Court to deny workers’ bid for medical pot reimbursement

    The Department of Justice (DOJ) on Monday urged the Supreme Court to turn away a legal effort by two workers who are seeking reimbursement from their employers for the cost of medical marijuana needed to treat injuries they sustained on the job. Lawyers for the DOJ told the justices they should steer clear of the […]

  • Biogen CEO stepping down after Medicare decision on Alzheimer’s drug

    Biogen CEO Michel Vounatsos will be stepping down from his position after more than five years at the helm, with this development coming not long after Medicare decided to limit coverage of his company’s Alzheimer’s drug Aduhelm. In an earnings report, Biogen said a new CEO has yet to be appointed. Vounatsos will stay on […]

  • House committee grills McKinsey for working with both FDA, Purdue Pharma

    House Democrats on Wednesday questioned the consulting firm McKinsey & Company over its simultaneous work with both the Food and Drug Administration (FDA) and Purdue Pharma along with the firm’s potential role in exacerbating the opioid epidemic. Rep. Carolyn Maloney (D-N.Y.), chair of the Oversight Committee, said she was seeking to “promote accountability and seek […]