, , , , , , , , ,

Shkreli tells judge his drug discovery software is not for discovering drugs

Martin Shkreli arrives at Brooklyn Federal Court on the first day of his securities fraud trial in 2017.

Enlarge / Martin Shkreli arrives at Brooklyn Federal Court on the first day of his securities fraud trial in 2017. (credit: Getty | Kevin Hagen)

In an effort to avoid being held in contempt of court, former pharmaceutical executive and convicted fraudster, Martin Shkreli, made an eyebrow-raising argument to a federal judge Friday, stating that his company Druglike, which he previously described as a “drug discovery software platform,” was not engaged in drug discovery. As such, he argued he is not in violation of his sweeping lifetime ban from the pharmaceutical industry.

Last month, the Federal Trade Commission and seven states urged a federal judge in New York to hold Shkreli in contempt for allegedly failing to cooperate with an investigation into whether he violated the ban. The FTC said Shkreli failed to turn over requested documents related to Druglike and sit for an interview on the matter.

In the filing Friday, Shkreli claims that he responded to the FTC’s requests “promptly and in good faith.” He acknowledged that when the FTC contacted him about the investigation last October he did not have a lawyer and didn’t know how to properly respond to the FTC’s investigation. But, he continued to categorically deny that Druglike violated his lifetime ban.

Read 12 remaining paragraphs | Comments

https://arstechnica.com/?p=1917489


December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 1010: The Densest State in the US – TikTok Ban, Drones Over Jersey, GM Quits Robotaxis This Week in Tech (Audio)

So You Want to Solve the NJ Drone Mystery? Our Expert Has Some Ideas Infowars Sale to The Onion Rejected by Federal Bankruptcy Judge Federal appeals court declines to temporarily block ban on TikTok, teeing up showdown at SCOTUS over controversial law WordPress parent company must stop blocking WP Engine, judge rules Crypto's Legacy Is Finally Clear Tech Industry and CEOs Curry Favor With Trump Ahead of His Inauguration AI Is Detecting More Breast Cancer Cases, Study Suggests Huge randomized trial of AI boosts discovery — at least for good scientists GM Calls It Quits on Mary Barra's $50 Billion Robotaxi Dream You Can Buy a Car on Amazon Now Host: Leo Laporte Guests: Cathy Gellis, Mike Elgan, and Emily Forlini Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: mintmobile.com/twit shopify.com/twit
  1. TWiT 1010: The Densest State in the US – TikTok Ban, Drones Over Jersey, GM Quits Robotaxis
  2. TWiT 1009: Andy Giveth & Bill Taketh Away – Trump's Tech Titans, Crypto Boom, TikTok's US Ban, Intel CEO Exits
  3. TWiT 1008: Internet Legal – Australia's Social Media Ban for Kids, Smart Home Nightmare, Bluesky's Ascent
  4. TWiT 1007: All the Hotdogs in the World – China's "Salt Typhoon" Hack, Google on the Chopping Block, Recall AI
  5. TWiT 1006: Underwater Alien Civilizations – Bluesky Growth, Tyson Vs. Paul, AI Granny