Sentences with phrase «company turing»

The spectacle that Shkreli created around himself and his company Turing Pharmaceuticals since late summer, even as the criminal probe proceeded, raised the question of whether he had any idea of the risk he was running — or whether his conduct was part of a plan to beat the rap in Brooklyn federal court and generate business.

But you probably know Mr. Shkreli from his company Turing Pharmaceuticals's outrageous increasing of prices on a drug that helps people with compromised immune systems fight parasitic infections.

(None of the charges mention anything about Shkreli's infamous drug price hikes at his new company Turing.)

Martin Shkreli, unaffectionately known as the «pharma bro» — and infamous for his decision to hike the list price of Daraprim, a drug used by HIV / AIDS and cancer patients to combat infections, by more than 5,000 % in 2015 under his former company Turing Pharmaceuticals — was convicted on three criminal securities fraud and conspiracy charges by a Brooklyn jury on Friday.

Shkreli originally became infamous for his other former company Turing Pharma's 5,000 % price hike for a drug used by cancer and AIDS patients.

Not exact matches

Notably missing from the panel of witnesses — which focused mainly on actions by Valeant and Turing Pharmaceuticals — were the companies that have done so.

This can set you up also for more long term reputation rehabilitation by forcing a focus on Turing as a research and development company — not a pharma hedge fund hybrid.»

Turing Pharmaceuticals founder Martin Shkreli confirmed the price cut to NBC News on Tuesday but did not say how much the company would reduce the cost of Daraprim.

He's hired a crisis PR firm, and run into another pharmaceutical company that has decided to market a competing drug to Turing's pyrimethamine (known on the market as Daraprim) for $ 1 per dose.

Before Turing Pharmaceuticals, Shkreli founded and served as CEO of biotech company Retrophin from 2011 until September 2014.

According to the company's announcement, Tilles has been chairman of the board at Turing since their launch in late 2014.

We wish to thank Martin for helping us build Turing Pharmaceuticals into the dynamic research focused company it is today, and wish him the best in his future endeavors.

February 2015: Launches new company, Turing Pharmaceuticals, which acquires an old drug and jacks up their prices.

George Scangos, CEO of biotechnology giant Biogen Inc., went further, saying in an interview, «Turing is to a research - based company like a loan shark is to a legitimate bank.»

Martin Shkreli, the Turing Pharmaceuticals LLC executive who drew criticism in August over a dramatic jump in a prescription drug price, made headlines Thursday for a different kind of price increase: a seven-fold surge in the shares of a microcap pharmaceutical company.

Turing Pharmaceuticals LLC CEO Martin Shkreli discusses why the company increased the price of a drug from $ 13.50 to $ 750 a tablet.

After leaving Retrophin, Shkreli founded a biopharmaceutical company called Turing Pharmaceuticals, where he serves as the Executive Chairman.

«Being the majority owner of the company, the way I look at that is they work for me now,» said Shkreli, chief executive officer of privately held Turing.

His company, Turing Pharmaceuticals AG, bought the drug, moved it to a closed distribution system and instantly drove the price into the stratosphere.

In response to the outrage over what appears to be blatant price gouging on the part of Turing Pharmaceuticals, the company's founder and CEO Martin Shkreli has announced that Turing will be lowering the price of the drug Daraprim after raising it from $ 13.50 to $ 750 per tablet overnight.

In response to the outrage over what appears to be blatant price gouging on the part of Turing Pharmaceuticals, the company's founder and CEO Martin

He went on to defend the price gouge, saying that his company, Turing Pharmaceuticals, needed to continue to profit and that anyone who really needed the drug would be able to afford it.

Wolfram Research Hey, remember that $ 25,000 prize awarded by software company Wolfram Research last week for identifying the simplest «universal» theoretical computer, or Turing machine?

Supporting these fast - growing companies to ensure that they continue to scale — and eventually exit — here should be a strategic priority, particularly at a time when a new generation of fast - growth providers, such as Prowler.io and Benevolent AI in life sciences, and ThoughtRiver in legal tech, is emerging to build on an impressive track record of AI innovation in the UK, from Alan Turing to DeepMind.

* Turing Pharmaceuticals, the drug company once led by disgraced pharma bro Martin Shkreli, has been accused of retaliation following the alleged sexual assault of its chief commercial officer at the hands of its interim chief financial officer.

Described by the company as the first Turing - complete platform to run smart contracts secured by the bitcoin network, RSK uses a «hybrid» security model that combines elements of both proof - of - work (popular among fans of bitcoin's public blockchain) and a private network.

After graduation he worked as developer in such companies as Ethereum Foundation, Turing School of Software and Design.