Appeal rejected, Shkreli stays in jail; MyoKardia brings forward pivotal data readout
→ Biotech bad boy Martin Shkreli — who gained notoriety for price gouging — was imprisoned for a different crime: defrauding investors in hedge funds he founded. On Thursday, a federal judge upheld that conviction — cementing his time in jail, Reuters reported. He was given a seven-year sentence and managed to ruffle feathers even in the confined quarters of his jail cell after it was reported he was managing the biotech Turing (now renamed Phoenixus) using an illicit mobile phone.
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