Martin Shkreli's former company had a $23,000 yacht party while claiming it was losing money
Oversight and Reform Comitteee via YouTube
At the same time, they were able to throw a $23,000 "sales force meeting" on a yacht, complete with fireworks and cigar roller.
Turing's Chief Commercial Officer Nancy Retzlaff confirmed the spending in a hearing on drug pricing held by the House Oversight and Reform Committee.
Among the $23,000 party expenditures? $800 spent on a cigar roller, Rep. Jason Chaffetz (R-UT) pointed out.
In addition, Chaffetz noted that a number of Turing employees received major raises while coming under fire for its increase in price of Daraprim from $13.50 to $750.
Oversight and Reform Committee via YouTube
Chaffetz also mentioned that all Turing employees were scheduled to get 30% pay bonuses "across the board," though Retzlaff said those haven't been paid out.
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?
- Mobile recharge packs to get more expensive as telcos gear up for another round of tariff hikes: Report