Thursday, August 25, 2016

Mylan Pharmaceuticals: A Wretched Hive of Scum and Villany

They moved their HQ offshore, at least on paper, to dodge taxes. And Pharma Sis, their CEO, is yet another executive who lied about her educational credentials.

I'll bet that there won't be any congressional hearings about this. Because of courtesy to said CEO's dad, a sitting U.S. Senator. They'll all hope that this will blow over and everyone will forget that the difference between Heather Bresch and Martin Shkreli is only one indictment.

UPDATE: Pharma Sis and her minions are running for cover and doing everything they can quickly think of to dodge the flareback on this, other than rolling back the price.

Forbes has a couple of good stories why they jacked up prices and how Pharma Sis hit the greedhead trifecta (price gouging, massive CEO pay hikes and tax dodging).

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