The NY Attorney General will see you now.
New York Attorney General Eric Schneiderman's office confirmed there is an active antitrust investigation into Turing Pharmaceuticals, the company that spiked the price of Daraprim by
5,000% after they acquired the rights:
The investigation, which was confirmed by Schneiderman’s office, is looking at whether Turing is restricting the distribution of Daraprim to thwart generic competition that would prevent it from maintaining the massive price increase. The office is concerned Turing restricted distribution of the drug specifically so generic drug manufacturers couldn’t get the samples they need to create their own version.
Schneiderman’s office sent a letter to Turing CEO Martin Shkreli, who has been dubbed the “most-hated man in America” due to the price hike. The letter tells him to contact the attorney general’s office and informs him that he is required to retain all documents that could be relevant to the probe.
“While competition might ordinarily be expected to deter such a massive price increase, it appears that Turing may have taken steps to prevent that competition from arising,” said the letter, a copy of which first reported by The New York Times.
Stay tuned!