U.S: Convicted pharmaceutical executive, “Pharma Bro” denied bail

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Convicted pharmaceutical executive Martin Shkreli – who became known as “Pharma Bro” after he was investigated for price-gouging a life-saving medicine – has had his petition for early release turned down by a judge.

US District Judge Kiyo Matsumoto ruled on Saturday that he wasn’t at high risk of catching the disease behind bars.

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The judge added that his claim that he would use his knowledge of the pharmaceutical industry to find a coronavirus vaccine – which has “so far eluded the best medical and scientific minds in the world working around the clock” – qualifies as “delusional self-aggrandising behavior”.

The 37-year-old is currently housed in a Pennsylvania prison with no confirmed Covid-19 cases. He is serving a seven-year prison term for lying to investors in the hedge funds he ran.